FINANCIAL BUSINESS REQUST (FBR) - RESOLUTION
Motion/Request:
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MOTION to waive the reading in its entirety the "Resolution Amending The Resolution Entitled "Resolution Appropriating $6,725,000 For Various School Improvement Projects; And Authorizing The Issue Of Bonds And Notes In The Same Amount To Finance Said Appropriation" To Increase The Appropriation And Borrowing Authorization To $8,550,000".
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Background:
At the February 22, 2022 Referendum the townspeople approved Bond Authorization Resolutions in the amount of $6,725,000 for Various School improvement projects, that included the following: the replacement of the roofs at the Central Office, Gales Ferry School, and Juliet W. Long School; the installation of solar equipment at Gales Ferry School and Juliet W. Long School; upgrades to the Building Management Systems BMS) at Gales Ferry School; and electrical and HVAC upgrades at Juliet W. Long School, which was designed as a split system.
To meet the State's requirements to receive Grant Funding for the Juliet W. Long School HVAC upgrades the system had to be redesigned as a full air conditioning system with outdoor CO2 monitoring, outdoor intake, and a Building Maintenance System (BMS) which was the same systems that were installed at the Gallup Hill School and Middle School.
Because the new HVAC design for the Juliet W. Long School would cost $1,825,000 more than the amount of funding that was included in the in original Bond Resolutions that were previously approved in 2022; the Bond Authorization Resolutions would need to be updated to include the additional (supplemental appropriation) in the amount of $1,825,000 bringing the total funding authorization up-to $8,550,000.
This motion is only to waive the reading of the entire "Resolution Amending The Resolution Entitled "Resolution Appropriating $6,725,000 For Various School Improvement Projects; And Authorizing The Issue Of Bonds And Notes In The Same Amount To Finance Said Appropri...
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