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Board approves resolution authorizing $27.99 million bond anticipation notes for capital project
Summary
The board approved a finance resolution authorizing issuance of up to $27,993,200 in bonds to fund reconstruction and improvements to district buildings, as authorized by voters Sept. 25, 2025.
At its May 12 meeting the Mount Sinai Union Free School District board approved a resolution authorizing the issuance of $27,993,200 in bond anticipation notes to finance reconstruction, improvements and related site work for district buildings.
John read the resolution into the record, referencing the Sept. 25, 2025 voter proposition that had authorized partial reconstruction and related improvements. The resolution identifies the projected maximum cost ($27,993,200) and states the district intends to issue obligations in anticipation of the levy and collection of bonds as authorized by voters.
The motion to approve the finance resolution was moved, seconded and passed on the record with no substantive discussion or public comment recorded in the transcript. The transcript records that the project has been classified a type I action under the state environmental-quality review regulations and that state review found no significant adverse environmental impact in connection with the proposition as presented to voters.
Board materials and the district bond webpage (updated by staff) provide further details on project phasing and timelines.
