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Wabasso board approves $500,000 down payment to finance school roofing project
Summary
The Wabasso Public School District board authorized a $500,000 down payment for a roofing project and approved the district's 2026–2035 Long-Term Facility Maintenance Plan, enabling 30-year financing for the project as recommended by BAIRD Financial.
The Wabasso Public School District Board of Education on July 28 approved a $500,000 down payment to begin a roofing project, following a recommendation from BAIRD Financial to finance the remaining balance over 30 years. The motion to authorize the down payment was made by Tom Carlson and seconded by Kimberly Frank and carried unanimously.
At the same meeting the board also approved the district's 2026–2035 Long-Term Facility Maintenance Plan, including required revenue and expenditure spreadsheets and a Statement of Assurances as required by Minnesota statute. The LTFM plan provides the district's multi-year schedule for major maintenance and supports the financing approach the board authorized.
