West Orange-Stark High School is closer to getting artificial turf. The school board on Monday night authorized a bond agent to sell $16 million worth of the bonds voters in November approved for improvements.
Lewis Wilks of U.S. Capital Advisors, the bond agent, said five bids to buy the bonds were received on Monday. He said the district has an A-1 rating from Moody’s. The district, under the Texas Education Agency, can get a AAA rating.
Voters approved $25.7 million in bonds. Wilks recommended selling $16 million at this time and the rest next year.
The school board already has spent $35,790 on the projects, including an architect. Wilks said the district could pay those bills from the general fund and repay the fund when the bond money comes in next month.
The board learned that core samples and a land survey has been made for the artificial turf. The district is preparing to advertise to get bids for installing the turf.
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