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Board approves $43 million certificates of participation to finance new administration building
Summary
The Greeley‑Evans School District 6 Board of Education on Oct. 27 approved a resolution authorizing $43 million in certificates of participation to finance a new administration building as part of a downtown civic campus redevelopment.
The Greeley‑Evans School District 6 Board of Education on Oct. 27 approved a resolution authorizing the execution of a site lease, a lease‑purchase agreement and related documents to finance a new district administration building through $43 million in certificates of participation (COPs).
District finance staff told the board COPs allow the district to finance the project without voter approval by leasing district property to a trustee and leasing it back. Miss Haidock, the district’s finance director, told…
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