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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
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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