Board approves up to $7.2 million capital project, delegates bond issuance

The Cherry Valley-Springfield Central School District Board of Education on May 20 adopted a bond resolution authorizing a capital improvement project with an estimated maximum cost of $7,199,014 and a financing plan that applies $1,200,000 from the district's capital reserve fund and authorizes up to $5,999,014 in serial bonds. The board recorded a unanimous roll-call vote on the resolution.

The resolution traces to Proposition No. 1A, which voters approved on Feb. 13, 2024, and lists project elements including replacement of an underground fuel oil tank, reconstruction of the south parking area, replacement of playgrounds and tennis courts, window and locker replacement in the elementary and high school wings, replacement of high school gym bleachers, installation of a backup generator and blue light safety systems, and drainage and furnace work at the transportation building. The board delegated authority to the board president to issue bond anticipation notes and to execute financing documents; the district determined the project is a Type II action under SEQRA and no further environmental review is required.

Board President Amy Garretson and all five board members voted to approve the measure. The resolution directs the district clerk to publish the required legal notice and contains provisions to preserve the tax-exempt status of the bonds if applicable. The project plan was prepared with assistance from BCA Architects & Engineers and is available for public inspection at the district clerk's office.