ITEM NUMBER: 6.B.
School Board Regular Meeting
- Meeting Date:
- 03/21/2022
- Prepared By:
- Tom Sager
Item Type:
Subject:
Approval of Resolution Relating to the Ratification of Certificates of Participation Award of Sale for the MRCI Purchase and Renovation
Background:
At the January 3, 2022 School Board meeting, the School Board received information pertaining to an upcoming bond sale for the purchase and renovation of the MRCI property. At the February 22, 2022 meeting, the School Board approved a resolution that authorized the Superintendent/Director of Business Services and a Board Officer to execute a Bond Purchase Agreement for the stated purposes. The sale of these bonds commenced on Tuesday, March 8, 2022 and met all the parameters approved by the School Board to complete this sale.
Recommended Action:
The administration recommends that the School Board approve the attached resolution relating to $12,102,421.75 issuance of Certificates of Participation, ratifying the award of sale.