School moves forward with bond plans

Aberdeen School District Board of Trustees met Wednesday, June 15. Present were Herb Bohrer, Elaine Blik, Todd Lowder, Mike Shackelford and Braden Driscoll. They passed policies and approved memorandums to make everything for the upcoming bond sale legal and help to improve the district rating.

They read and approved the Hawley Troxell memorandum giving Hawley Troxell authority to sell the bond. They are the attorney in the process.

They accepted the bond reimbursement resolution. This resolution states that the district has incurred and will incur expenses related to the bond before the bond is sold. This allows the district to get paid back from the bond funds once the bond sells.

They approved the policy for the bond account. This policy states that the district can’t put the …
Read the full story in the print edition of The Aberdeen Times! Subscribe Today!

Thanks for reading!

Read more in this week's print edition.Subscribe Today!

Leave a Reply

Your email address will not be published. Required fields are marked *