Upper Darby finance committee outlines plan for Clifton Heights bond; max‑parameters vote set for Sept. 10

The Upper Darby School District finance and operations committee on Aug. 27 received an update on the district’s 2024 general obligation bond plan to fund the Clifton Heights Middle School project and was told district staff will seek a max‑parameters resolution at the full board meeting on Sept. 10.

The committee was presented a borrowing plan that targets roughly $37,000,000 for the 2024 phase of a multi‑step financing program tied to construction draws for the Clifton Heights project. District staff said the resolution that will be presented Sept. 10 will set higher maximums — “closer to $42,000,000” — to preserve flexibility in pricing, but the district does not expect to issue that full amount in this phase.

The update, led by board secretary Mr. Rogers and financial advisor Zach Willard of PFM Financial, covered timing, interest‑rate expectations and next steps. Rogers said the district plans three issuances…