R-III approves resolution authorizing sale of building bonds

President Jacque Underwood opened a tax rate and budget hearing special meeting of the Adrian R-III Board of Education on August 29, 2006. Motion was passed to set the Operating Levy at $3.4554 and the Debt Service Levy at $.9346, totaling $4.39 for the 2006-2007 school year. Motion was also passed to approve a Resolution authorizing the offering for sale of $4,900,000 principal amount of general obligation building bonds of the Adrian R-III School District.