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Board hears bond-project construction update, sells $15.75M bonds and approves budget actions; treasurer says fund balance is improving
Summary
The board received a detailed construction progress report on Bond 2023 projects including the new high school, awarded $15.75 million in general obligation bonds to Robert W. Baird, approved a resolution authorizing the issuance, accepted the treasurer's report and approved a first revised child nutrition budget amendment.
The Stillwater Public Schools Board received a multi-faceted update on Bond 2023 projects, awarded $15,750,000 of general obligation bonds and approved several fiscal items after presentations from architects, municipal financial advisors and the district chief financial officer.
Construction and bond-project update: a representative from 5 0 5 Architects presented the board with a monthly progress report on the new high school and other bond-funded work. Presenters described completed and in-progress items including window replacement and interior office fit-out at the transportation facility, HVAC and roofing work at Single Ridge Middle School and the high school fieldhouse, and ongoing site paving and bus loop approaches at the new high school site. The architects and contractors reported equipment lead times have caused some schedule risk (specialized PAC units were tracking for August…
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