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Board puts $100 million short-term construction note resolution and multiple SPLOST contracts on consent
Summary
CFO presented a plan to issue $100 million in short-term construction notes to accelerate SPLOST-funded projects and several construction contracts (grandstand, renovations, auditorium seating, annex replacement) were placed on the consent agenda for approval at the regular meeting.
District financial staff recommended the board authorize a request for bids for $100 million in short-term construction notes to be repaid in December 2026 from SPLOST revenues, saying early borrowing reduces construction cost risk and can allow projects to start sooner.
"The proposed short term construction notes for 2026 are for $100,000,000," CFO David Baker said, explaining the notes are a short-term…
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