Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance And Capital Projects topic
No spam. Unsubscribe anytime.
Board approves bond planning, energy contract amendment, turf design and other routine items
Summary
At its Feb. 25 meeting the Oxford Area School District board authorized planning for a general obligation bond issue, approved an amendment to a guaranteed energy savings agreement with McClure Company, approved a design proposal for a turf field and several routine consent items by voice vote.
The Oxford Area School District Board of School Directors on Feb. 25 voted by voice to authorize planning for a general obligation bond issue, approved an amendment to a guaranteed energy savings agreement, approved a proposal for turf-field and lighting design and took several routine consent actions.
The board authorized administration to work with PFM Financial Advisors LLC as independent financial advisor, Saul Ewing LLP as bond counsel and RBC Capital Markets as underwriter to plan issuance of up to $9 million in general obligation bonds for capital improvements. The agenda language said proceeds would fund an approximately $9,000,000 project fund deposit and could include restructuring of certain outstanding debt. The board’s finance committee had discussed the plan and noted the district intends to pursue a callable financing; the parameters resolution was scheduled for consideration at the March 18 board meeting.
The board approved Amendment 1 to the guaranteed energy savings agreement with McClure Company at a cost of $6,081,735, contingent on solicitor review and approval. The motion as read on the record required review by the district solicitor before final execution.
The board also approved a proposal from JPD Architecture LLC for design and development of a turf field, new LED stadium lighting and restroom/concession facilities at the high school athletic fields.
Other actions approved by voice vote included approval of minutes and routine consent-agenda items (student residency designations, the high school course selection guide for 2025–26, a special-education contract with Foundations Behavioral Health d/b/a Doylestown LLC, and personnel recommendations), approval of the 2025–26 school calendar and payment-of-bills motions listed on the agenda. Several votes were recorded as voice votes with the chair calling for “Aye” or “Opposed.”
The motions and outcomes below are drawn from the meeting record.
