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Board approves $5M revolving line of credit, iPad lease, asbestos abatement and personnel items
Summary
The board approved a commitment letter for a $5 million revolving line of credit, a revised Apple equipment lease for 1,240 iPads, an asbestos abatement contract for Ben Middle School, several athletic and curricular hires contingent on clearances, and multiple retirements; all motions passed by roll call.
At its April meeting the Penn-Trafford School Board approved a series of consent and action items by roll-call votes.
Key approvals included a commitment letter for a $5 million revolving line of credit with S&T Bank to stabilize cash flow if state funding timing requires it; the collateral will be property-tax revenue and the authorized signers are the board president and the board secretary. Rebecca Jean Rodriguez, the board secretary and…
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