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DD2 okays $140M in bonds

  • Friday, January 31, 2014

Dorchester District Two Board of Trustees approved the issuance and sale of $140 million of general obligation bonds Monday, Jan. 27, at its regular board meeting.

These bonds will pay off the $60 million Bond Anticipation Notes the district issued in July. The remainder will pay for construction costs as approved by referendum in November 2012.

The vote was unanimous.

The district finalized its purchase of 164 McQueen Blvd., between Jedburg and Thorpe St., where its Facilities offices and equipment will relocate on Jan. 14. Work began a week ago on interior renovations with a completion date of March 30.

In other business, the board heard facilities and financial reports, welcomed representatives from the law firm of Childs and Halligan, PA, and introduced a number of policies for reading including one that will limit public comment time for both agenda items and general comments to three minutes per person and one person per group for any given topic. Those who wish to speak are asked to fill out a brief form with their name and topic prior to the meeting.

Public comments will be timed. This will be effective Feb. 24.

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