Coquille School Board approves measure to place $14.6 million, 20-year bond on county ballot

The Coquille School District Board voted to place a $14,555,000 general obligation bond measure on the Coos County ballot for a 20-year term.

Chair Melinda Millet introduced Agenda Item 9.3 and Lauren MacMillan of Piper Sandler explained the difference between real market value and assessed value as context for the proposed bond. The board did not specify in the meeting minutes what projects or capital needs the bond would fund.

Board member Steve Britton moved to approve Resolution 24-6; Marsha Frost seconded. The motion carried with four members voting in favor (Steve Britton, Cliff Wheeler, Marsha Frost and Melinda Millet) and one abstention (Heather Echavarria). Britton noted that “the interest would double if the School District decided to have the General Obligation Bond for 30 years instead of 20 years,” a remark included in the meeting record as part of the discussion over term length.

The minutes record that the district’s fiscal reports and contingency were reviewed during the meeting, and the district’s assistant business manager reported contingency balances above the one-million-dollar budgeted level. The minutes do not list a ballot date; the resolution was described as a submission to the Coos County Elections Department for a measure election.

Next steps recorded in the minutes: the board approved the resolution to submit the measure to the elections department; any further scheduling and voter-language details will be processed by the county elections office and district staff.