Board to consider preliminary levy and revised borrowing resolution Monday; award expected Oct. 19
Staff detailed the calendar: board will be asked to approve preliminary (maximum) levy and a revised parameters resolution at next board meeting; award adopted Oct. 19, funding available in November, truth‑in‑taxation hearing Dec. 7 and final levy certification later in December.
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Staff reviewed the next steps and calendar for levy certification and bond financing. They asked the board to approve maximum preliminary levy authority at the next board meeting and to consider a revised resolution adjusting borrowing parameters (staff recommended a 5.25% ceiling) so the district can seek market pricing ahead of the expected October rate event.
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