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Abington board adopts parameters to allow first $15M bond tranche for middle‑school project
Summary
The Abington Board of School Directors on Nov. 25 adopted a parameters resolution authorizing the district to file for DCED approval and to pursue an initial bond tranche of roughly $15 million (maximum parameters set at $18 million) to partially fund the Abington Middle School capital project.
The Abington Board of School Directors voted Nov. 25 to adopt a parameters resolution that allows the district to file the necessary documents with the Pennsylvania Department of Community and Economic Development (DCED) and move forward with the first phase of planned borrowing for the Abington Middle School project.
Miss Brown read the resolution (addendum 13.1), which authorizes financing to partially fund planning, design and demolition of the existing middle school, relocation of athletic fields and construction of a new Abington Middle School. Under the parameters the board authorized a maximum amount of $18,000,000; the district’s financial advisers said…
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