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Fayetteville facilities board to ask city council to add "educational facilities" so it can finance Haas Hall Academy project
Summary
At an informational meeting the Fayetteville Public Facilities Board discussed asking the City Council to adopt an amending ordinance that would add "educational facilities" to the board—s authority, enabling consideration of bond financing for a Haas Hall Academy facility in Fayetteville; the board did not take formal action and will wait for council sponsorship and a 30-day referendum period if the ordinance passes.
The Fayetteville Public Facilities Board met for an informational session to discuss an amending ordinance that would add "educational facilities" to the types of projects the board may finance, a change necessary for the board to consider bond financing for a proposed Haas Hall Academy facility in Fayetteville. The board did not vote; members were briefed on next steps and procedural requirements.
Jim, who led the presentation, told the board that the Facilities Board cannot itself change the ordinance and must ask the Fayetteville City Council to consider the amendment before the board may act. "The amending ordinance has a 30 day referendum period after it's published. So we have to wait at least 30 days before we could do anything to close the bond issue," he said. He said the board could pass a bond resolution subject to the referendum period but noted the timing is typically coordinated with council action.
Why it matters: adding "educational…
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