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Board approves Maine revolving renovation loan package to offset high‑school costs
Summary
The RSU 40/MSAD 40 board voted to proceed with three Maine revolving renovation loans totaling about $3.96 million (district repayment responsibility ~42%, ~$1.69M), covering hazardous‑materials removal and other immediate improvements; the loans were presented as 0% interest and will appear in warrant language.
District staff presented a package of Maine Department of Education revolving renovation loans to cover three projects: hazardous‑materials remediation at the high school, water/sewer improvements at the high school and indoor air‑quality work at Union Elementary School. The total loan amount the district described was about…
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