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North Penn board approves resolution to borrow for high school project; roll call vote 8–0
Summary
The North Penn School District board approved a resolution allowing the district to borrow up to $70 million — with intent to issue about $60 million this year — to fund the high school project. The roll call vote was recorded 8–0; officials said final figures will be set before sale.
The North Penn School District board voted unanimously on March 19 to approve a resolution authorizing the district to incur general-obligation indebtedness for the high school project.
The resolution permits borrowing of up to $70 million, with the district’s intent to borrow roughly $60 million this year. Bond counsel and district finance staff said the resolution sets an…
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