In May of 2020, the voters of the Mora School District approved the sale of general obligation bonds in the amount of $61,900,000 to finance and construct a new high school. In July of 2020, the District issued general obligation bonds in the amount of $60,160,000 in accordance with State statute limitations, leaving a remaining unused voter-approved bond authority in the amount of $1,740,000. Since the time the bonds were issued in 2020, State statutes were changed, removing the limits, resulting in the availability of an additional authority of $1.74 million that, in consultation with bond counsel, could be issued to finance the current construction of the new Mora High School.
The Mora School Board will hold a work session with the District’s Municipal Advisor, Ehlers, to review the change in statute and options to sell the remaining voter-approved bonds available as a result of recent changes in State statute. The work session will be on Monday, August 22 at 5:00 pm at Mora Elementary School Cafeteria.