Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board approves $6 million tax‑anticipation note and multiple contract awards
Summary
At its April meeting the Franklin Special Board of Education approved an amended tax anticipation promissory note for a $6,000,000 unsecured line of credit and awarded contracts for monument signage and food services, and accepted several vendor bid awards. All motions passed on roll‑call votes.
The Franklin Special Board of Education unanimously approved several routine financial measures at its April 28 meeting, including a short‑term borrowing arrangement and multiple procurement awards.
Dr. Snowden presented Item 1 as an amendment to the district's tax anticipation revolving loan agreement and an amended and restated general purpose fund promissory note, describing "a $6,000,000 unsecured line of credit with a 2 year maturity" to cover short‑term cash‑flow needs before property tax collections. The board moved, seconded, and approved the measure by roll call. The roll call recorded "Yes" votes for Mister Townsville, Mister Stillings,…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
