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Board authorizes final $45 million series of 2020 bond, names Dickinson Wright as bond counsel
Summary
Trustees approved issuing the third series of the district's 2020 bond to access $45 million in proceeds and approved a resolution naming Dickinson Wright as legal counsel for the issuance; officials said the projects are over 80% complete and staff recommended issuing now to take advantage of market conditions.
The Waterford School Board approved a resolution to issue the final series of the district's 2020 bond to provide proceeds for ongoing projects and also approved a separate resolution allowing the district to contract legal counsel for the issuance.
Assistant Superintendent Hildebrandt briefed trustees on the context: voters approved a $150 million bond proposal in 2020; the district issued Series 1 ($35 million) and Series 2 ($70 million) previously and proposed Series 3 to…
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