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School board authorizes preliminary sale steps for $14.285 million in bonds to fund facility work
Summary
The board approved an authorizing resolution to allow preliminary work for a proposed $14.285 million general obligation bond sale to cover planned fiscal 2027 facility projects; the sale is contingent on Minnesota Department of Education approval of the district's 10-year plan.
The Minnetonka School Board voted on May 29 to authorize preliminary actions needed to sell general obligation bonds up to $14,285,000 for facility maintenance and projects planned for fiscal 2027.
Executive Director of Finance and Operations Paul Bourgeois told the board the district's 10-year facilities plan identifies roughly $14,285,000 in projects for the coming fiscal year and…
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