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Meeting Date:
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2/12/2018 - 6:30 PM
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Category:
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New Business
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Type:
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Action
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Subject:
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Baseball/Softball Complexes Lease Financing
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Board Goals:
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Enclosure
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Resolution approving financing of baseball and softball field renovations.
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File Attachment:
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Background & Rationale:
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The overall cost of the project is $5.8M. We are using $2.9M of remaining bond money and financing the remaining $2.9M.
Attached is the draft version. The final version will be attached on Feb 12th.
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Budget to be Charged:
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Capital
We will pay interest for the early part of the loan then request to pay off the debt with future bond proceeds.
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Motion:
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I move to approve the resolution as presented.
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Approvals:
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Recommended By:
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Signed By:
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Dr. Steve Shelton - Associate Superintendent of Operations
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Signed By:
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Dr. Allan Markley - Superintendent
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