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Minersville Area SD board authorizes up to $8 million in bonds to fund district projects
Summary
The Minersville Area School District board on April 22 approved a resolution authorizing issuance of up to $8,000,000 in general obligation bonds and authorized a bond purchase agreement with Raymond James & Associates to finance multiple district projects.
The Minersville Area School District board unanimously approved a resolution authorizing the issuance of general obligation bonds in a maximum aggregate principal amount not to exceed $8,000,000 to finance various district projects. Board President Kevin Wigoda led the roll call vote; all members voted in favor.
The resolution also authorized execution of a bond purchase agreement with Raymond James & Associates, Inc. and "such other agreements, certificates, instruments and documents necessary in connection with the issuance of the Bonds." The board did not specify project breakdowns or a final sale date during the meeting. Next steps include executing the purchase agreement and finalizing financing documents through the district solicitor and financial advisors.
