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Shawano School Board approves $14 million bond sale to fund facility improvements
Summary
The Shawano School District board voted unanimously Dec. 9 to award the sale of $14,000,000 in general obligation school facility improvement bonds — Series 2024, following a presentation by PMA on bond terms and sale results.
The Shawano School District Board of Education voted unanimously Dec. 9 to award the sale of $14,000,000 in General Obligation School Facility Improvement Bonds — Series 2024. The board approved the resolution after a virtual presentation from Erik Kass of PMA, who summarized the bond sale and the district’s borrowing terms.
Board member Tim Renard moved to approve the resolution; Frank Kugel seconded. The roll call vote recorded the approval of all nine members present.
The board did not detail specific project line items in the meeting minutes; Superintendent Kurt Krizan and PMA provided the financing overview to support the district’s capital plan. The resolution authorizes the district to borrow up to $14 million for school facility improvements under the Series 2024 issuance.
The action follows the district’s ongoing capital planning and building-project updates discussed earlier in the meeting. The board will carry out required administrative steps to close the bond sale and apply proceeds to the identified facility projects.
