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School committee authorizes superintendent to apply for SRRF loan for East Auburn ventilation upgrades
Summary
The committee authorized application for a School Revolving Renovation Fund loan (cap $2,000,000) for East Auburn ventilation upgrades; staff said up to 70% of SRRF loans may be forgiven for qualifying work.
The Auburn School Committee on Oct. 15 authorized the superintendent to apply for a School Revolving Renovation Fund (SRRF) loan for ventilation upgrades at East Auburn School.
Business manager Amanda Kudger said the project aligns with the district's FY26 bond planning and with SRRF priorities; she explained the SRRF can forgive up to 70% of the loan for qualifying projects. Kudger said the East Auburn ventilation portion of the earlier bond planning was estimated at roughly $800,000, and noted that the SRRF loan cap is $2,000,000, which could allow covering multiple phases in one application.
The chair called for the motion; it was moved, seconded and the chair announced "Motion carries." The transcript does not include a roll-call vote tally.
Why it matters: SRRF forgiveness could reduce the local cost of planned ventilation and roofing work at East Auburn, changing the district's financing needs for the project. Staff will proceed with the application process.
