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Board pays down playground loan, withholds $10,000 for equipment quotes
Summary
The board chose to pay most of a playground loan while withholding $10,000 to pursue additional playground equipment (accessible pieces or basketball hoops); members discussed cost trade-offs and site placement concerns.
Board reviewed the closing figures on the playground loan and options for remaining funds. Staff reported the loan balance numbers and said there is money available to either pay toward the loan or spend on additional equipment. The board discussed options including replacing an interior basketball hoop (not covered by the referendum language) versus buying exterior playground accessibility items.
A board member noted the quote for two embedded basketball hoops was roughly $4,800 and proposed withholding $10,000 while applying the remaining balance to pay the loan. The board voted to withhold $10,000 from payoff proceeds for accessory equipment and to apply the rest toward the loan. One member cautioned that interior repairs might not be allowed if referendum language specified exterior playground only.
The board asked staff to obtain quotes for hoops and accessible playground elements and to return with cost comparisons and installation options (building side vs. grass area).
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