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Board approves $1.56 million in invoice payments for sinking fund, capital projects and bonds
Summary
The board authorized three payments: $156,450.67 from the Sinking Fund, $179,505.50 for Capital Projects, and $1,223,679.35 for Proposal 1 Series 4 bond invoices, totaling $1,559,635.52. Each motion carried unanimously.
At its July 13 meeting, the Grand Ledge Public Schools Board approved three separate sets of invoice payments covering sinking-fund work, capital projects and Proposal 1 Series 4 bond obligations. Nicole Shannon moved each payment; motions carried unanimously.
Board member Kali Stevens explained line-item uses for the sinking fund and capital projects payments: work at Delta Center, Fine Arts upgrades, Neff security entrance, Wacousta signage, baseball field netting and final scoreboard payment. The board recorded that Proposal 1, Series 4 invoices covered the Delta Center gym, the Wacousta addition, projector screens and security upgrades. The combined total for the three approvals is $1,559,635.52.
