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Byron-Bergen approves IMA share of $1.69 million for Genesee Valley BOCES capital project
Summary
The board approved entering an intermunicipal agreement to fund its $1,690,669 share of a Genesee Valley BOCES $42,885,649.39 capital-improvement project and authorized the board president to sign the IMA.
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The board on April 1 voted to join a Genesee Valley BOCES intermunicipal agreement (IMA) to fund its portion of a multi-district capital improvement project. Byron-Bergen's stated share is $1,690,669 of a total projected cost of $42,885,649.39.
The resolution authorizes the district to enter the IMA and permits the Board President to sign the agreement. Administrators noted that if component districts decline to vote in favor of the IMA, BOCES will pursue alternate financing through the Dormitory Authority of the State of New York, which would require a public vote and majority approval. The motion to approve the IMA and authorize signature passed 7 Yes, 0 No.
Board member K. Carlson moved the IMA resolution; C. Matthews seconded. The action obligates the district to its share of anticipated capital costs should the IMA be executed by the component districts.
