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Southgate board approves resolution to authorize sale of bonds totaling up to $28 million
Summary
The Southgate Community School District board voted to approve a resolution delegating and authorizing the sale of bonds that could raise up to $28 million in a multi‑year series, with an initial sale of $8 million planned.
The Southgate Community School District Board of Education voted May 13 to approve a resolution delegating the issuance and sale of bonds that could raise up to $28 million for facilities, security, HVAC and instructional technology projects.
Board members said the bond program will be sold in a series over multiple years, with an initial sale of $8 million followed by a $14 million sale covering years two and three, and a final $6 million sale in years four and five. A presenter told the board that the documents included with the resolution meet statutory requirements and that proceeds could be collected by July 1 if the district moves quickly.
The resolution authorizes district officials to complete required signatures and next‑step administrative actions after the board’s approval. The board made the motion to approve during the action‑item portion of the meeting; the motion was moved by Dr. Pomponio and supported by Mr. Green. The chair called for the vote and the motion was approved.
During discussion, the presenter thanked the community for its support and described the planned use of funds: to erect, furnish and equip maintenance and athletic facilities; remodel, furnish and equip school buildings; and to fund HVAC, security, instructional technology and site improvements. The presenter emphasized the multi‑series structure of the sale and that the included documents comply with state law.
The board did not record a roll‑call vote in the meeting transcript; approval was announced after the vocal vote. No amendments or conditions to the resolution were recorded.
The approval sends the bond authorization into the next administrative and legal review steps, with district officers and legal counsel completing signatures and sale‑related paperwork.
