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Pequot Lakes board hears presentation on $55 million bond and $600,000 levy
Summary
At a Dec. 2 special meeting the Pequot Lakes Board of Education heard a facilities planning presentation outlining a potential $55,000,000 general obligation school building bond and a $600,000 capital project levy, including timeline, financing and draft ballot language; no bond vote occurred.
At a special meeting Dec. 2, the Board of Education of Independent School District #186 received a facilities planning presentation that outlined a potential $55,000,000 general obligation school building bond and a $600,000 capital project levy. Superintendent Kurt Stumpf and Michael Hart of PMA Securities reviewed a timeline, financing scenarios and draft ballot question language for a future public vote.
The presentation focused on projected financing and tax impacts; the board did not take formal action on the bond or levy at the meeting. The session included a review of draft ballot language and next-step planning but did not set a date for any referendum. The meeting record shows the board approved the meeting agenda and adjourned after the presentation.
