Board approves $2.5 million tax‑exempt term note; monument bid increase flagged

The board authorized the chair to execute a $2.5 million tax‑exempt term note subject to amending the acceleration clause and finalizing documents after discussion prompted by a substantial verbal increase in the monument bid. Eric Long told the board that the bid for the four monuments rose from $250,000 to $631,000 and that the figure was not itemized or inclusive of landscaping; District Manager Chuck Adams said the term note, as proposed, was insufficient to cover the verbal increase and the board discussed proceeding with permitting while delaying the monuments.