Less than a week after voters approved a $21.5 million improvement project for Hastings Public Schools elementary schools, members of the HPS Board of Education approved issuing the project's first bonds.
Board members voted 8-0 to issue $8.5 million general obligation school bonds during their regular meeting Monday. Superintendent Craig Kautz told board members that it would be in the district's best interest to act quickly.
District officials did not know exactly what the bond rates would be but Kautz said taking action would provide "maximum flexibility in taking advantage of that bond market."
"In normal circumstances you might not be seeing this resolution until June but because of what's happening we wanted to make sure we got out there," he said.