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Rochester board authorizes contingency line of credit, extends custodial contract and approves legal counsel addition
Summary
Trustees voted unanimously to authorize pursuing a contingent line of credit, approved a custodial contract amendment with ABM in exchange for $100,000 of equipment, and added Star Butler to the district's legal counsel list; administration stressed the measures are precautionary pending a governor's signature on the state budget.
The Rochester Community School District Board unanimously approved several financial and administrative items at its Oct. 6 meeting, including a resolution authorizing the administration to pursue state‑aid anticipation borrowing up to $16 million as a contingency, a four‑year extension to the district’s custodial contract with ABM of Troy that provides $100,000 in equipment, and an amendment adding Star Butler to the district’s approved legal counsel list for arbitration matters.
"We are asking you to approve the resolution," Director of Finance Matt McDaniel said, describing the line of credit as a state‑aid anticipation note the district would pursue only if necessary. "Assuming the governor signs the budget in the next day or two, we will not need to implement this." He said the board’s approval is the first step in a multi‑step process that also requires solicitation of banks and Department…
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