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Florence 3 reports bond pricing and administrative procurement threshold updates; no formal vote recorded
Summary
Superintendent told trustees the district finalized bond pricing at a 4.2127% rate for $21.37 million in authorized bonds and said planned administrative-rule updates will raise small-purchase and procurement thresholds to align with federal guidance.
Superintendent reported at the March 20 meeting that the district''s bond process has been completed and paperwork is ready for signatures. The district obtained pricing on the authorized bonds at an interest rate of 4.2127 percent. The total authorized bond amount presented was $21,370,000, with an estimated deposit after costs of $19,713,100 to fund planned capital improvements in the district''s arts, academics and athletics priorities.
The…
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