Board Moves Forward with Issuance of Bonds for Capital Improvements

Upcoming Capital Improvement Projects

The Starkville Oktibbeha Board of Trustees is moving forward with plans to secure a new, 10-year special obligation bond issue for $7 million to fund capital improvements throughout the district. 

The Board voted unanimously to approve the Resolution of Intent to borrow money and issue notes for $7.5 million during its special called board meeting on Tuesday.    

The District recently completed a facilities audit that identified immediate building renovations and repairs, including: 

  • Reroofing
  • Electrical upgrades 
  • Restroom renovations
  • Window replacement 
  • Painting 
  • Lighting
  • HVAC

The projected cost of the capital improvement priorities is $8.1 million.  Other funding sources include existing District funds and federal funds.  

The bond will not require a tax increase.

To view the complete audit, click on the link below:
SOCSD Facilities Audit