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Auburn School Board discusses recall of bonds

By John Nixon

04/15/2021

(KLZA)-- The Auburn Board of Education approved a resolution Monday night that would allow the school district to recall more than $2.7-million in bonds sold for projects several years ago.

While recalling the bonds cannot be done for several months, this action will allow the school district the flexibility to do so if interest rates are favorable to allow a reduction in the annual payments on the bonds.

The Board also approved moving forward with the installation of some new air handling equipment at a cost of $425-thousand. Facilities Advocates from Omaha will perform the work. Federal funds from Corronavirus Relief Supplement funding the school district received will be used to pay for the project.

In addition, while the new air handlers are being put on the roof, the Board approved the use of Qualified Capital Purpose Undertaking Funds to make roof repairs over the same section of the Middle School / High School building.

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