Board seeks state preliminary bond qualification to fund school construction
Summary
The board approved a resolution to apply to the State Treasurer for preliminary bond qualification to finance school construction; the resolution authorizes the secretary to submit the application and notes a final application will follow elector approval. Motion carried 6–0.
The Union City Community Schools Board of Education approved a resolution to apply for preliminary qualification of bonds by the State Treasurer to finance the school construction described in the application. The motion was made by Andrew Yockey, seconded by Darin LaBar, and passed by a 6–0 vote.
The recorded resolution includes five clauses: it directs submission of a preliminary application to the State Treasurer for financing school construction; requests Treasurer action prior to the board formally calling a bond election; commits the board to submit a final application after voter approval; affirms the board believes statements in the application to be true; and authorizes the board secretary to sign and submit the preliminary application.
The minutes do not specify the size of the proposed bond, the projects to be funded in detail, or an election date. The resolution was approved as presented; next steps per the resolution include submission to the State Treasurer and later final qualification if electors approve the bond.
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