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Board authorizes final series of 2020 bonds; district awards and recommends multi‑school construction packages
Summary
The board approved issuance of the third and final series of the 2020 bond program (remaining authorization $65,685,000) and reviewed recommended construction awards: Gallimore/Hoban elementary renovations ($8.6M package), Salem High multipurpose addition and Canton concessions (base bids $12.54M), and schedule/timeline details. A potential refunding of $24M in 2015 bonds was authorized if economically advantageous.
The Plymouth‑Canton Community Schools Board authorized the sale of the third and final series of the voter‑approved 2020 bond program and received updates on multiple bond‑funded construction projects.
CFO Jill Minnick said the 2020 bond authorization totals $275,000,000; the remaining authorization available in this series is $65,685,000. The resolution also authorizes a potential refunding of up to $24,000,000 of outstanding 2015 bonds if the transaction produces at least a 2% present‑value savings. Minnick…
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