Board authorizes $2.5M tax-exempt term note amid higher-than-expected monument bid
The board approved a Gulf Coast Business Bank tax-exempt term note financing $2.5 million, after staff reported monument bids rose from $250,000 to $631,000; the note was authorized subject to amending the acceleration provision and final documentization.
The full story
Eric Long told the board that a vendor bid for four entry monuments increased from $250,000 to $631,000 and that the bid was not itemized or inclusive of landscaping costs. District counsel and staff discussed proceeding with permitting while delaying monument work if needed.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or
Free account
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in