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Pottsgrove board authorizes bond planning for stadium, ratifies $3.25 million in invoices and approves multiple contracts
Summary
The Pottsgrove School District board authorized administration to work with PFM Financial Advisors and Fox Rothschild to plan bonds for a proposed stadium and facilities project; the board also ratified $3,253,140.89 in October invoices and approved contracts for special-education staffing, HVAC work and a nursing MOU.
The Pottsgrove School District board voted to authorize administration to work with PFM Financial Advisors and the law firm Fox Rothschild to begin planning a bond issue to pay for an athletics and facilities (stadium) project.
Board members discussed allowing proceeds to be applied broadly if needed and the timing advantage of borrowing now while interest rates remain relatively attractive. "Because the interest rates that we can earn right now ... the rate is very attractive at…
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