Stillwater board approves bond projects, contracts, finance reports and tax incentive agreements

The Stillwater Public Schools Board on Feb. 11 approved a slate of routine and substantive actions ranging from construction completion certificates and a building contract to the district's treasurer's report and a tax-incentive agreement for a proposed data center campus.

The votes give final "substantial completion" acceptance for multiple building projects, authorize a contract for an OES parking/vehicle-storage site, authorize continuing payments tied to a Tax Increment Financing memorandum of understanding with the City of Stillwater, and approve a tax-incentive agreement that will provide property-tax exemptions for a proposed multi-building data center campus. The board also approved the treasurer's report and two nursing-services contracts for identified special-education students.

Why it matters: the approvals move several large capital projects and related warranties into the district's operational and financial phase, and the tax-incentive agreement creates a long-term revenue arrangement between local taxing jurisdictions and a private data-center developer that the board and…