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Nordonia Hills reports $2.47 million MGM settlement; board to consider transfer to Permanent Improvement fund
Summary
Finance staff told the board the district received a $2,465,575 wire from MGM on Feb. 23 into the general fund and will discuss transferring those funds to the Permanent Improvement fund in April or May; a motion to enter executive session was requested at the March 18 special meeting.
Finance staff informed the Nordonia Hills City School District Board of Education on March 18 that the district received $2,465,575 from MGM on Feb. 23, which was deposited to the general fund. Staff said the board will discuss a recommendation to transfer some or all of those proceeds to the Permanent Improvement…
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