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Board approves intent resolution for $4 million lease‑purchase financing
5067564 · May 22, 2025
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Summary
Smithville R‑II approved an intent resolution for lease‑purchase financing to cover equipment purchases; board heard a preliminary finance plan from advisors that projected a $4,165,000 par issue, first payment in January 2026 and final maturity in January 2045.
The Smithville R‑II Board of Education approved an intent resolution authorizing lease‑purchase financing to fund equipment and capital needs tied to the district’s projects.
Financial advisors presented a preliminary plan of finance during the meeting. Using an illustrative 5%…
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