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Board authorizes application for $5 million in IRRR revenue bond funds for athletics complex
Summary
The board unanimously adopted a resolution to apply for and accept $5,000,000 in IRRR revenue bond funds for an athletics facility complex project.
The Ely Public School District board added and adopted a resolution authorizing ISD No. 696 to apply for and accept $5,000,000 in IRRR revenue bond funds for an Athletics Facility Complex. The item was added under New Business, moved by Tom Omerza and seconded by Colarich, and the motion carried 6-0.
The minutes record the motion as "to adopt the Resolution Authorizing Independent School District No. 696 to Make Application to and Accept Grant Funds from the IRRR Revenue Bonds for the Athletics Facility Complex project in the amount of $5,000,000." The resolution formalizes the board's approval to pursue bond-funded grant assistance; specific project timelines, match requirements or financing details were not included in the meeting record.
