Board approves bond resolution, stadium lights replacement and asbestos work for elementary projects
The board approved a resolution authorizing general-obligation bonds (maximum principal up to $10.5M) to fund capital projects, including a stadium lights replacement and a small asbestos mitigation contract for elementary work; administrators said the lighting project is expected to be cost‑neutral over time and asbestos remediation will enable elevator and ramp work.
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The board authorized a bond resolution to allow issuance of general obligation bonds with a maximum principal amount of up to $10,500,000 to finance capital projects. Dr. Holtzman explained the resolution gives flexibility in timing and sizing while noting the district's actual need is smaller than the maximum requested; he described bond insurance and the state's intercept fund as protections for bondholders.
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