Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
South Fayette approves parameters resolution to sell bonds for school construction
Summary
The South Fayette Township School District approved a parameters resolution to allow sale of up to $25 million in general obligation bonds, authorizing a $20 million bond issue now to fund campus projects and establishing the procedural framework to enter the market.
The South Fayette Township School District board on Tuesday approved a parameters resolution that authorizes the district to issue general obligation bonds not to exceed $25 million to fund additions to the intermediate school, relocation of the bus depot and the design of a new elementary school.
The resolution gives the district flexibility to enter the market on the most favorable day and allows staff to finalize pricing and sizing within the set parameters. Bond counsel Anthony Ditka of Dinsmore and Scholl told the board the measure “authorizes the issuance of your 2025 general obligation bonds and pledges your full faith, credit, and tax, and power to the repayment of those bonds.”
The action follows a financing presentation by Jamie Doyle of PFM Financial Advisors, who described a five-step plan driven by an…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
