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Susquehanna Township SD reviews parameters for up to $18 million 2025 bond authorization

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Summary

Bond counsel presented a parameters resolution authorizing up to $18 million in general obligation bonds for capital projects, including a new school and administrative offices at 4401 Deer Path Road; district staff said the final issuance is expected to be under $15 million and will be secured by the district's full taxing power.

Erica Weibel, bond counsel with McNees Wallace & Nurick, told the Susquehanna Township School District board that a parameters resolution on the meeting agenda would authorize the district to issue general obligation bonds, series of 2025, in a maximum principal amount of $18,000,000.

Weibel said the district will use the proceeds to fund capital work, including construction related to the building at 4401 Deer Path Road that will house fifth- and sixth-grade classrooms and administrative offices, other district capital…

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