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Board agenda proposes resolution authorizing up to $7 million in debt certificates for facilities work
Summary
Action Item 24-65 requests approval of a resolution authorizing issuance of not-to-exceed $7,000,000 in debt certificates to improve school sites and equip district buildings; the agenda lists purpose and maximum amount but omits terms and purchaser details.
Action Item 24-65 on the Oct. 21 agenda proposes a resolution authorizing issuance of not-to-exceed $7,000,000 in debt certificates to fund improvements to school sites and the alteration, repair and equipping of school buildings and facilities. The agenda specifies the purpose and maximum principal amount but does not provide details about interest rates, repayment terms, timing, or a purchaser.
The agenda indicates the board will consider authorizing the sale of the certificates to a purchaser but lists no purchaser name or financing terms in the published agenda line. For full fiscal and legal details, readers should consult the bond/debt packet or the board minutes; the agenda itself does not include a recorded vote or the resolution text.
