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Board approves bond refinancing, accepts CUSAC review and several personnel, budget and calendar items
Summary
The Hopewell Valley Regional Board of Education unanimously approved a refunding bond ordinance, accepted its CUSAC monitoring submission, and approved routine personnel and calendar items during an October meeting. The board also passed the consent agenda and adopted monthly calendars.
The Hopewell Valley Regional Board of Education voted to adopt a refunding bond ordinance to refinance outstanding school bonds and approved a set of routine consent and personnel items during its October meeting.
The board voted to refinance bonds issued after the district's 2016 referendum, with the administration stating the move will lower the district's interest costs while keeping the existing maturity schedule. The ordinance was adopted after a required public hearing and a roll-call vote; board members recorded an affirmative vote and the motion carried.
In the same session the board accepted the district's New Jersey…
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