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Board ratifies up to $53.85 million in Series I and refunding bonds
Summary
The board approved a ratification resolution for the NCSD 2026 School Building and Site (Series I) and Refunding Bonds in a principal amount not to exceed $53,850,000 to fund part of the district's bond project.
At the March 19 board meeting, Vice‑President Beaudoin moved that the Novi Community School District Board of Education approve the NCSD 2026 School Building and Site (Series I) and Refunding Bonds ratification resolution in the principal sum not to exceed $53,850,000; the motion passed 6–0.
The minutes record the motion and the unanimous vote but do not provide the financing schedule, underwriter, or final interest rate. The resolution is described as funding "a portion of the bond project." The board did not discuss detailed fiscal terms in the public minutes; those financing details are typically included in bond sale documentation that will be reported to the board or published with the district's finance office.
