Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Box Elder board directs municipal building authority to pursue up to $140M in lease revenue bonds
Summary
The Box Elder School District board approved resolutions asking the district’s municipal building authority to pursue lease revenue bonds of up to $140 million to fund additions at Box Elder and Bear River high schools and a new West Tremonton elementary, and set required public hearings for February.
The Box Elder School District board voted to begin the process for a municipal building authority to finance major facility projects, approving a resolution that contemplates issuing lease revenue bonds in one or more series with a maximum principal amount of $140,000,000.
Ryan Mierke of Chapman & Cutler, the district’s bond counsel, told the board the Municipal Building Authority would technically own financed facilities and lease them back to the district. "We're contemplating that the bonds will not exceed a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
