Sedalia 200 School Board Approves Funding for New Sports Complex

The Sedalia 200 School Board met at Horace Mann Elementary School on Monday night (Sept. 10) for its regularly scheduled meeting. Prior to the meeting, a special public session was held on the funding for the planned sports complex at Smith-Cotton High School.

The Capital Facilities Lease Financing Hearing featured a presentation by Larry Hart, President and CEO of L.J. Hart Investment Banking Company of St. Louis. Hart explained the issuance of Lease Certificates of Participation of $6,140,000 to pay for the project, which Sedalia Schools Superintendent Brad Pollitt said is expected to be completed in time for the 2014 football season.

The board voted unanimously to approve the funding, which has an affective interest rate of 3.05% and matures in 2027 unless paid off earlier.

KSIS talked to both Hart and Pollitt after the meeting, and those interviews are available here.