BESD- Board Work Session - May 7, 2026 - Special Session

Box Elder School District Board of Education · May 8, 2026

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Overview: proposed elementary school debt and loan need

Presentation

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Business administrator Neil presented a capital proposal and said the district needs a construction loan of about $55,000,000 to build Discovery and West Tremont elementary schools and that the district lacks that amount in reserves; he warned lenders may require a roughly $4.5 million debt‑service reserve fund as a worst‑case condition.

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Box Elder School District leaders proposed a $55 million construction loan to build two elementary schools and outlined a multi-million-dollar capital plan including secure vestibules, air conditioning, playground upgrades and high-school parking improvements; the board debated whether to seek voter approval or proceed with a direct loan.

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Transcript

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