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Middletown Area SD board approves consent items, bond insurance, hire and policy support in routine meeting
Summary
The board approved minutes, financial reports and multiple consent items, contracted municipal bond insurance through Build America Mutual, approved a date change for a Reed Elementary rental, accepted a hire, and voted to support PSBA’s cyber charter funding reform proposal for the 2025-26 state budget.
The Middletown Area School Board approved routine minutes and financial items and passed a slate of consent and immediate-action items during its meeting.
On motions taken during the meeting, the board approved the minutes from the March 4, 2025 agenda-planning meeting; accepted the treasurer’s report for February 2025; approved the paid and unpaid bills as presented; and approved multiple consent packages of immediate-action items across personnel, finance, operations and academics.
Finance actions included a motion to contract with Build America Mutual Assurance Company (BAM) to provide municipal bond insurance for the district’s 2025 general obligation bonds at a cost of 0.130% of the total debt service on the bonds to be paid from bond proceeds; the board approved that contract. The board also approved disposal-of-assets activity reporting a collective bid of $1,237 for music equipment from four buyers that had been posted on the Munisibid auction site.
Under operations, the board approved a motion to change the date of a rental contract for an amusement item at Reed Elementary School from March 27, 2025 to May 16, 2025 with no change in…
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