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Board approves $1.197 million revolving renovation loan
Summary
RSU 60/MSAD 60 trustees voted to authorize $1,197,366 in revolving renovation fund financing, approving a motion presented in the meeting; the board chair reported there were no opposing votes in the transcript.
RSU 60/MSAD 60 trustees voted to authorize a $1,197,366 revolving renovation fund financing package, moving forward a multi-phase facilities project the board has discussed previously.
Committee member (2) moved that "the resolution entitled resolution to authorize $1,197,366 for revolving renovation fund financing be approved in a form presented to this meeting and that the secretary file a tested copy of said resolution with the minutes of this meeting." The motion was seconded during the public meeting. Chair (3) called the question; after the vote the chair stated, "That's everybody, so no one's opposed." The transcript does not include a roll-call tally.
Board members said the approved financing will cover the final phase of a multi-part ventilation and building-renovation project that has already been started in other schools in the district. Committee member (6) described the work as "phase 3," the final phase to finish the building work that began with earlier phases at Noble Intermediate and others.
The board did not attach, in the spoken record, a detailed budget breakdown for the $1.197 million within the motion text. Committee members asked that staff provide more detail later in the evening; Staff member (6) said Kevin would be available to explain specific line items.
The board moved on to other agenda items after recording the approval. The transcript records the chair's announcement that no one opposed the motion; a formal roll-call count was not provided in the audio record.
