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:
- Electrical upgrades
- Restroom renovations
- Window replacement
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