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Finance advisor: parameters resolution will complete borrowing for referendum projects; $37.155M draft cited
Summary
Barrett representative Mike Clark told the board a parameters resolution to complete borrowing for petition-authorized referendum projects will be presented on April 27; a draft borrowing amount of $37,155,000 was discussed and Clark said markets are choppy but the district is in good shape to lock financing soon.
Mike Clark of Barrett presented the parameters resolution and financing plan the Racine Unified School Board will consider for referendum-authorized projects, telling the April 13 work session that the resolution will complete borrowing for projects that have already gone through the petition process.
Clark said a draft borrowing amount of $37,155,000 was used in the materials and that the exact dollar amount will be justified when the parameters resolution is…
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