Silver Consolidated Schools board authorizes first $7 million of voter-approved bonds to begin facilities work

The Silver Consolidated Schools Board of Education voted to approve an authorizing resolution that allows the district to pursue an initial $7,000,000 sale of general obligation bonds from a voter-approved $25,000,000 authorization.

Superintendent William Hawkins introduced the item and said the proceeds will be used to begin projects outlined in the district's facilities master plan. "I asked Mr. Valenzuela and Mr. Carrasco to come forward to present the bond," Hawkins said, framing the presentation as the step needed to continue projects in the plan.

Financial advisor Mark Valenzuela told the board the package includes a lengthy resolution and a preliminary official statement — the offering document that will be sent to investors. "It is the offering document that will go out to bond investors who are considering purchasing these bonds," Valenzuela said, adding that "it has to be factual" and urging board members to flag any inaccuracies.

Valenzuela said the action before the board is a parameters…