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Board approves lease-purchase resolution to finance gym project
Summary
Labette County USD 506 adopted a lease-purchase agreement resolution Oct. 9 to finance the auxiliary gym and related purchases; the motion passed 4-0.
The Labette County Unified School District 506 board approved a Lease Purchase Agreement resolution during its Oct. 9 meeting to finance the district's capital work, including the auxiliary gym project. Dr. Kolette Smith moved for approval, Rich Falkenstien seconded, and the motion carried 4-0.
The minutes record the board's authorization of the financing resolution but provide no additional detail about the lender, term, interest rate, or repayment schedule. Those financing specifics were not included in the meeting record and will need to be provided in subsequent documentation or future board minutes.
