EF votes to explore benefits of loan

By LIAM BELAN

lbelan@yourmvi.com

At a special meeting Tuesday, the Elizabeth Forward School Board approved a resolution to allow Financial Manager Albert Ragan to explore the possibility of borrowing up to $10 million for the district if it’s eventually deemed beneficial and approved by the board. Ragan will work with bond underwriter Piper Sandler and bond counsel Dinsmore and Shohl LLP to determine if the rates are favorable before the board considers taking out general obligation bonds. The resolution approved Tuesday didn’t approve taking out any money.

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