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North Pike board accepts Jaguar Field bid contingent on 3-mill note proceeds
Summary
The North Pike School District board voted to advertise 3-mill note proceeds and accepted a low bid from Paul Jackson and Sons for Jaguar Field renovations, with the contract contingent on closing the note proceeds.
The North Pike School District board voted to advertise remaining 3-mill note proceeds and accepted a bid for Jaguar Field renovations, but the board made the acceptance explicitly contingent on receipt and closure of those note proceeds.
The recommendation to accept the bid from Paul Jackson and Sons and the accompanying recommendation from architect MP Design Group was presented as conditional: if the advertised 3-mill note proceeds are not received and closed, the district will not proceed with the project. Bond attorney Jim Young advised including that contingency to protect the district.
Why it matters: the project includes a renovated stadium and supporting site work that district leaders say will let the high school host home games on campus instead of continuing the…
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