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Board approves $3.1 million bond for athletic facilities at Delaware Academy

Delaware Academy Central School District at Delhi Board of Education · May 21, 2024
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Summary

The Delaware Academy board voted to authorize a bond of $3,100,000 for reconstruction and improvements to middle- and high-school physical-education and athletic facilities; trustees recorded aye votes during a roll-call and the resolution will allow the district to issue bonds to pay project costs.

The Delaware Academy Central School District Board of Education voted to authorize a bond resolution to reconstruct and improve physical-education and athletic facilities at the district's middle and high schools and to issue up to $3,100,000 in bonds to pay those costs. Chair (Speaker 1) called for the roll call; several trustees recorded aye votes and the motion carried.

The resolution authorizes issuance of bonds to finance the maximum estimated cost of the project and sets out standard municipal-bond provisions. During the roll call the board recorded affirmative responses from the trustees present, including Trustee Kelly, Trustee Robert, Trustee Shepherd and Trustee Muddy.

Board members did not debate detailed construction plans at the public meeting; instead they referred to the bond documents on the table (sections 1—2) and proceeded with the formal vote. The board has previously discussed the broader capital plan and coordinated timelines with existing capital project work.

The measure clears the board's authorization step; issuance timing and project procurement will follow standard financing and public-notice procedures. The board also approved related capital items throughout the meeting, including coordination with SED (State Education Department) processes for other projects.

The board moved on to additional business after the roll call.