The Greene County School Board met Wednesday night in special session.

The Board approved an engagement letter with law firm Ahlers and Cooney to handle the paperwork and proper filings for the solar panel project. Then the Board reviewed, with a Piper Sandler representative, the bids for potential investors for the selling of general obligation capital loan notes for the solar project. Following the review, the Board approved a resolution directing the sale of $5,165,000 bonds to the Baker Group with assistance from Home State Bank. 

During the review, the interest rate on the ten year bond from future Physical Plant and Equipment Levy (PPEL) funds is 3.329 percent. The Piper Sandler representative mentioned that he believed because of Home State Bank’s involvement, that led to a lower fee and lower interest rates compared to the four other bids. 

Superintendent Brett Abbotts said the next step for the construction part of the project is to send out requests for qualifications for a construction manager at risk, which the Board will select an individual before selecting the designer and builder of the solar panels.