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Greene County approves up to $6 million in school bonds for athletic and facility projects
Summary
The Greene County Legislative Body voted Feb. 18 to authorize up to $6 million in county district school bonds to fund construction and improvements to athletic facilities and related school projects. The resolution passed unanimously; bond terms and sale details will be set by the county mayor and finance staff.
Mayor Kevin Morrison and the Greene County Legislative Body on Feb. 18 approved a resolution authorizing the issuance of county district school bonds in an aggregate principal amount not to exceed $6,000,000 to finance athletic facilities and related capital projects for county schools.
The bond resolution allows the county to issue one or more series of bonds, to set final maturities and sale details through the county mayor and financial advisors, and to use proceeds for project costs, reimbursement of prior expenditures and costs of issuance. The board’s resolution estimates debt service and stated costs of issuance; the county’s debt and finance staff will finalize amortization and sale method. The resolution…
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