Mattituck-Cutchogue School District business administrator Michael Engelhardt is scheduled to give a financial update about the high school track project at Thursday night’s school board meeting.
The board is also expected to vote on two resolutions pertaining to the district’s $925,000 track bond, which voters approved during a Oct. 29 special vote for the purpose of replacing the old facility.
One resolution is to approve a $3,500 rate fee agreement for finance advisory services from Munistat in Port Jefferson Station. The other is for a $6,800 bond rating by Standard and Poor in order to “facilitate the sale of bonds to finance the track,” according to the meeting’s agenda.
In addition to discussing finances for the track, the board is expected to vote on Superintendent James McKenna’s letter of intent to retire July 31. He announced his retirement during last month’s board meeting.
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