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Banks SD 13 board authorizes bond oversight committee, awards architecture services and amends budget after bond sale
Summary
At its Aug. 12 meeting, the Banks SD 13 Board of Directors approved formation of a community bond oversight committee, authorized Brick Architecture for bond project planning, and passed a resolution that adjusts FY24–25 debt service figures after the July 30 bond sale.
Banks SD 13 Board of Directors voted Aug. 12 to form a community bond oversight committee, authorize an architectural services agreement for bond projects and approve a budget amendment following the district’s July bond sale.
The action packed meeting followed the district’s successful bond issuance. A board member (S3) described the budget amendment as a technical reconciliation: “So what this resolution does is trues up, how much debt service we need in the 24, 25 year to cover general obligation bonds,” the board member said, explaining that the numbers changed once the exact bond sale figures were known. The board adopted the…
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