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Board approves $90 million bond referendum and short‑term GO bond issuance
Summary
The board approved a resolution to seek a bond referendum authorizing up to $90,000,000 for capital projects and separately approved short‑term general obligation bonds not to exceed $5,250,000 for short‑term cash flow needs.
The York School District 1 board approved two separate debt actions at the meeting: authorization to place a bond referendum for up to $90,000,000 and approval of a short‑term general obligation bond issuance not to exceed $5,250,000.
Assistant Superintendent Miss Hagner reviewed the bond referendum proposal, saying the $90 million authorization would fund capital projects the board listed, including construction/expansion/renovation and equipping of learning centers, a new middle school facility, acquisition of property and renovations across district facilities. Mister McSwain moved to approve the resolution and Mister Revels seconded; the motion carried by voice vote.
Separately, staff sought permission to issue short‑term general obligation debt in August as part of routine annual short‑term debt activity. Miss Hagner said the issuance would be repaid in the spring and requested approval for an issuance not to exceed $5,250,000; on a motion by Miss Faulkner with a second by Mister Revels, the board approved the short‑term issuance.
The transcript contains no roll‑call vote tallies; both items were approved by voice vote and the chair declared the motions carried. Staff indicated the short‑term issuance is part of routine annual practice and that the referendum resolution would proceed as explained to the board.
