AUDUBON — The Audubon Community School Board will receive and act on bids on $9.1 million in general obligation and refunding bonds during a special meeting at 6 p.m. on June 2.
In March the public approved selling bonds for a $7.5 million project to update and remodel the middle and high school building — with most of the work to be done over the summer of 2021.
The total amount to be sold in bids — a combination of the general obligation bonds for the new project along with dollars needed for refunding some other existing general obligation bonds — is $9.1 million. The district has $1.93 million in existing general obligation bids, and after the next payment of $320,000 will have $1.610 left — and when combined with the $7.5 million for the new project makes up the $9.1 million total.
The board approved bonding regulations including information on post issuance compliance for tax exempt obligations and new bond disclosure regulations, along with a resolution authorizing the official statement for the bond sale.
The bond bids will be opened and approval of the bond sale will take place at the June 2 special meeting at 6 p.m.
A second special meeting will be held at 7:30 a.m. on June 30 for the approval of year end bills.