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Freeman board approves engagement of placement agent for stadium financing
Summary
The Freeman School District 33-1 board approved a letter of engagement to retain a placement agent/underwriter (David Levinson referenced in the record) to support capital outlay financing for a planned stadium project; the board previously allocated capital outlay dollars for the project.
The Freeman School District 33-1 school board approved a letter of engagement to retain a placement agent to help place capital outlay certificates for a planned stadium project.
Superintendent (speaker 3) described a presentation earlier in the process from a representative identified in the record as Dee Davidson and said the district had already approved using capital outlay dollars for the project; the board needed to approve engagement of a placement agent to move the financing process forward. The superintendent said the selected firm would help manage bids and potentially reduce financing costs.
Chair closed discussion and the board approved the letter of engagement; the record names David Levinson as the placement agent or underwriter for the stadium project. The motion was moved and seconded and carried by voice vote.
Clarifying details: the board had previously signaled capital outlay funding availability for the stadium; the engagement at this meeting authorized the district to pursue placement-agent services as part of the financing process. The transcript does not provide the dollar amount of the planned financing or the terms of engagement.
