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Board holds public hearing and approves three resolutions to finance new elementary school; natatorium construction update given
Summary
At its Dec. 10 meeting the board completed a public hearing required for Resolution 1028 and approved three accompanying resolutions (1028 determination, preliminary determination, reimbursement) to set parameters for bonding a new elementary school. Construction updates were provided for an elementary school and a separate natatorium project.
The Greater Clark County School Board of Trustees completed a required public hearing on financing for a new elementary school and approved three resolutions that begin the formal process to issue bonds for the project on Dec. 10.
Nut graf: The three resolutions — the 1028 determination, a preliminary determination, and a reimbursement resolution — set funding parameters, establish maximum spending limits and anticipated impacts over a 10-year period, and permit interim expenditures to be reimbursed from future bond proceeds.…
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