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Board approves start of bond issuance to fund building projects (Resolution 18F)
Summary
The board voted to initiate the bond-issuance process under resolution 18F to fund building infrastructure projects including roofs and HVAC; the vote was approved by roll call as announced at the meeting.
The Mahwah Township Board of Education voted to begin the district’s bond-issuance process under resolution 18F, a measure the administration described as the start of a multiyear capital investment in roofs, HVAC and program-space upgrades.
According to the presentation, the bond work is expected to begin as soon as this summer and will support projects with useful lives of roughly 20 to 25 years. The administration said the bond authorization is the procedural start of capital work supported by prior voter or board-approved planning and thanked the community for its support.
Vote and board remarks: The motion on resolution 18F was moved and seconded and then carried by roll call. During the roll call the meeting recorded multiple affirmative votes aloud; members who were recorded as voting "yes" included Mr. Dao, Mr. Chris Marcy, Mr. Gall, Mr. Houston, Mr. Hughes and others as announced. One board member noted gratitude to the community for supporting the infrastructure investment.
What it does and next steps: The resolution begins the formal bond-issuance process; it does not itself complete project contracting or final construction approvals. The administration indicated roofing work is an early priority and that subsequent procurement and scheduling steps will follow the bond issuance.
Attribution: The bond resolution and the explanation of intended projects were presented by the business administrator; the roll-call results were read aloud by board staff.
