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Committee backs resolution to seek up to $15M in bonds for Terrebonne High renovation; board to apply to State Bond Commission

2378939 · February 18, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Committee recommended adoption of a resolution authorizing the board to secure financing not to exceed $15 million for renovation of Terrebonne High School; presenters said previously set-aside funds total $10 million and estimates for the renovation are about $23 million so the resolution preserves flexibility to issue bonds up to $15 million.

The committee recommended that the board adopt a resolution authorizing the Terrebonne Parish School Board to take steps necessary to secure financing for renovation of Terrebonne High School in an amount not to exceed $15,000,000.

Miss Pearl and other staff briefed the committee on the project’s background, saying the board previously set aside about $10,000,000 (largely from ESSER indirect cost allocations placed in the building fund) and that preliminary estimates for the…

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