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Le Roy votes to join Genesee Valley BOCES capital improvement IMA, accepts $2.31M share
Summary
The board approved entering an intermunicipal agreement to fund Le Roy's share ($2,310,855) of a $42.9 million Genesee Valley BOCES capital improvement project and authorized the board president to sign the IMA.
The board adopted a resolution approving an intermunicipal agreement (IMA) with Genesee Valley BOCES to fund Le Roy Central School District's share of a proposed capital improvement project. The total projected project cost cited in the resolution is $42,885,649.39; Le Roy's stated share is $2,310,855. The IMA will be circulated to twenty-two component districts for consideration; should districts not approve, BOCES may pursue Dormitory Authority financing requiring a public vote.
The board authorized the Board President to sign the IMA; the resolution passed 5–0 with two absences. The motion notes financing options and steps should other districts decline to participate.
