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Lawrence Township board approves roughly $65 million in bonds to expand elementary schools and fund energy upgrades
Summary
The MSD Lawrence Township Board approved a first‑amendment lease and bond package to fund the '25–'27 elementary expansion and guaranteed energy‑savings projects, a financing counsel said will not raise the district's debt service fund tax rate under current assessed‑value assumptions.
The MSD Lawrence Township Board on Tuesday approved a resolution authorizing a first amendment to a lease and related bond issuance to fund elementary‑school additions and guaranteed energy‑savings projects.
Jeff Quackenbush, bond counsel with Barnes & Thornburg, told the board the financing will "be roughly a $65,000,000 principal amount of bonds" with a repayment term not to exceed 20 years and, under the district's current assumptions, "without any increase to the debt service fund tax rate." He said final bond sizing will depend on…
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