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Rockford board adopts 10-year facilities maintenance plan under state statute
Summary
The board unanimously adopted a Long-Term Facilities Maintenance (LTFM) 10-year plan under Minn. Stat. §123B.595, authorizing submission to the Minnesota Department of Education and noting bonds issued to help finance the plan.
The Rockford Board of Education voted unanimously to adopt the district's Long-Term Facilities Maintenance (LTFM) 10-year plan as consistent with Minnesota Statute Section 123B.595. The motion to adopt the resolution was made by Johnson and seconded by Morgan; roll call showed all members in favor.
The LTFM resolution notes permissible uses of long-term facilities maintenance revenue including deferred capital expenditures, increasing accessibility, and health and safety capital projects under Minnesota Statute Section 123B.57. The resolution also authorizes district administration to submit the plan and required documents to the Commissioner of the Minnesota Department of Education and notes that bonds have been issued to help finance the plan.
