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Orono board awards lease to fund middle-school tennis courts, adopts 10-year facilities plan
Summary
The Orono Public School District board approved a lease-purchase sale to fund replacement of middle-school tennis courts and adopted a 10-year Long-Term Facilities Maintenance plan; board members also approved routine consent items and the district's share for ISD 287.
The Orono Public School District board voted to award a lease-purchase sale to fund replacement of the district's middle-school tennis courts and approved its 10-year Long-Term Facilities Maintenance (LTFM) plan for fiscal years 2028—2037.
The board adopted a resolution awarding the lease-purchase sale to Citizens Bank of Roseau after staff said the bank submitted the lowest, most favorable proposal. Shelby McQuay of Ehlers Financial told the board that "they came in at a 3.89" interest rate on the bid and that the $777,000 principal translates to roughly $928,000 in principal and interest. Staff said about just under $750,000 would be deposited to the district's…
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