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Upper Darby SD committee advances plan to authorize 2026 general‑obligation bond, targets bank‑qualified issuance under $10M
Summary
At a Jan. 20 committee meeting, district staff outlined a plan for a 2026 general‑obligation bond aimed at closing out Clifton Heights Middle School and funding early work on a possible project at the Delaware County Memorial Hospital property; the district said it intends a bank‑qualified issuance at or under $10 million and will ask the full board to vote on a 'max parameters' resolution in February.
At the Finance and Operations Committee meeting on Jan. 20, district finance staff presented a plan to issue a 2026 general‑obligation bond and asked the committee to advance a "max parameters" resolution to the full board for a February vote.
Board Secretary Rogers told the committee the issuance is intended to be bank qualified (eligible only if the district issues $10,000,000 or less in a calendar year) and that the bond would primarily be used to close out the Clifton Heights Middle School project and to fund early‑stage design and exploration related to a potential new school on the Delaware County Memorial Hospital property. Rogers said the district expects to distribute a draft preliminary…
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