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Board approves parameters for up to $7.5 million in notes and names Quarles & Brady as bond counsel
Summary
The Flambeau School District board approved a resolution authorizing parameters for the sale of up to $7,500,000 in general obligation promissory notes and appointed Quarles & Brady as bond counsel; both votes were unanimous. The action prepares the district to finance planned capital work tied to the district's upcoming referendum.
The Flambeau School District Board of Education on May 21 approved parameters for the sale of not-to-exceed $7,500,000 in general obligation promissory notes and named Quarles & Brady as bond counsel.
Lana Nelson moved to approve the resolution establishing parameters for the sale of the notes; Jennifer Heath seconded and the motion carried 7-0. Earlier on the agenda, the board approved Quarles & Brady as bond counsel on a 7-0 vote after a motion by Laura Dutter-Nelson and a second from Jennifer Heath.
Board members said the steps were taken to prepare the district for financing anticipated capital needs tied to a referenced referendum. No additional financing details or timetable were included in the minutes; the board asked staff to continue referendum preparations and provide further information to the board as needed.
