Citizen Portal
Sign In

Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Get email alerts on the District Finance Bonds topic

No spam. Unsubscribe anytime.

York School District 1 authorizes up to $90 million in bonds and approves due-diligence contracts for Highway 161 site

York School District 1 Board of Trustees · December 11, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The board approved a resolution authorizing issuance of up to $90,000,000 in general obligation bonds to fund referendum projects, heard bond counsel Matt Davis explain timing and use restrictions, and awarded several site due-diligence consulting contracts for the Highway 161 property.

Assistant superintendent for finance and operations Amy Hagner introduced a bond-resolution item and presented procurement requests for a site-due-diligence package for a property off Highway 161.

Matt Davis, bond counsel with Pope Flynn, told the board the resolution before them follows a successful referendum and “authorizes the issuance of up to $90,000,000 in general obligations bonds.” He said bond proceeds can be used only for the referendum-approved projects and that the district expects to issue the bonds in multiple series over the next two years.

The board moved and approved the bond resolution by voice vote. The board also approved seven consulting awards related to site due diligence for the Highway 161 property: a topographic/ALTA survey to BHS Consulting for $32,500; a geotechnical survey to Nova for $33,900; a Phase I environmental to BLE for $2,400; a boundary survey to BHS Consulting for $18,500; a wetland/stream ID to BHS Consulting for $4,100; and a traffic impact analysis to BHS Consulting for $22,800. The meeting record notes that a grand tree survey was included in the procurement package but not awarded because York County does not require it.

Hagner also presented a tentative budget timeline for the 2025–26 process, including departmental capital request presentations on Jan. 21, budget work sessions in February and March, stakeholder input in May and first and second readings in May and June. Administration emphasized the schedule is tentative and subject to change based on state guidance.