Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board authorizes up to $6.5 million in school bonds for district projects
Summary
The board voted to adopt an authorizing resolution delegating authority to issue up to $6.5 million in general obligation school building bonds (series 2026) to fund capital projects; bond counsel outlined parameters, disclosure obligations and a timeline for pricing and closing.
The Silver Consolidated Board of Education on Dec. 15 authorized the issuance and sale of up to $6.5 million in general obligation school building bonds (series 2026) to fund building projects, technology and related capital needs.
Bruce Cross, the district’s bond counsel, walked the board through a delegating resolution that sets the parameters for the bond sale: a maximum par amount of $6,500,000, maturities no later than Aug. 1, 2045, and a statutory maximum true interest cost tolerance of 10 percent…
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
