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Board approves $7.5M lease‑purchase to fund safety and facility upgrades
Summary
The Casa Grande Union board approved a parameters resolution to solicit up to $7.5 million in lease‑purchase financing to pay for intercom upgrades, science classroom renovations and bathroom repairs; the board delegated bid selection to administration.
The Casa Grande Union High School District board approved a parameters resolution on Feb. 9 authorizing staff to solicit bids for up to $7.5 million in lease‑purchase financing to address several priority facility projects.
Superintendent Mister Lavender framed the request as a response to unmet capital needs after the district’s bond election did not pass. Executive Director Missus Price introduced Michael LaValle of Stifel Public Finance, who said the parameters resolution would allow staff to send a term sheet to banks and solicit pricing quotes over a roughly…
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