District news
District Approves $5 Million in Bond Anticipation Notes for Middle School Project
What happened
The School Committee approved votes prepared by Bond Counsel authorizing the sale of $5,000,000 in General Obligation Bond Anticipation Notes to finance costs of the Monomoy Regional Middle School construction project.
Why it matters to families
This is a major financial commitment establishing short-term borrowing to fund a large capital construction project, with implications for district debt and future budget assessments to member towns.
The evidence
MOTION: Ryan Edwards moved to approve the various votes prepared by Bond Counsel for the District...which votes approve the sale of five million dollars of General Obligation Bond Anticipation Notes to the successful bidder...UNANIMOUS: the motion passes
The source
MINUTESSee the full record for Monomoy Regional School District.
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