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Board authorizes work on potential Series 2026 general obligation bond for capital projects
Summary
The board authorized administration to work with underwriter Raymond James, bond counsel Stevens & Lee and Solicitor Nicholas Quinn to prepare a potential General Obligation Bonds, Series of 2026 to finance capital projects including the approved solar and roof projects. The authorization was unanimous.
By motion of Sarah R. Newton, seconded by Timothy Sohosky, the Minersville Area School District Board of Education authorized the administration to engage Raymond James as underwriter, Stevens & Lee as bond counsel and Solicitor Nicholas A. Quinn to prepare for potential issuance of General Obligation Bonds, Series of 2026. The financing would cover various capital improvement projects cited in the minutes, including the recently approved GESA solar project and the high-school roof project.
The minutes record a unanimous roll-call vote in favor of authorizing staff to prepare financing documentation; the motion authorized further work and did not itself issue bonds or specify a principal amount. The district did not publicly document final bond sizing, interest assumptions or a sale schedule in the minutes; those details would be developed with the underwriter and bond counsel as next steps.
