ITEM NUMBER: 9.F.
School Board Regular Meeting
- Meeting Date:
- 12/05/2023
- Prepared By:
- Amanda Heilman
Item Type:
Subject:
Approval of Resolution Relating to $105,000,000 General Obligation School Building Bonds, Series 2024A
Background:
Administration is seeking approval of a resolution to establish the parameters for the upcoming bond sale that will occur in January. The passage of this resolution will provide authority for the Superintendent, Director of Business Services, and a School Board Officer to execute the documents to complete the bond sale and will establish the parameters of the sale.If approved, the bond sale will occur on January 17, 2024 and a resolution approving this sale will be provided for consideration to the school board on January 22, 2024. The bonds will then close on February 15, 2024 and the district will receive the bond proceeds from the sale to be able to provide reimbursement for expenditures that will be incurred as part of the bond project.
Recommended Action:
The administration recommends that the School Board approve the attached resolution authorizing the Superintendent/Director of Business Services and Board Officer to execute a Bond Purchase Agreement within defined parameters and application to the state credit enhancement program.