The West Fargo School Board began the process of financing another elementary school Monday.
The board unanimously approved resolutions to use part of the district’s building fund levy to issue bonds to pay for the school; apply for a state school construction loan; and allow the district to reimburse itself for costs tied to construction (such as initial architectural work) taken on before bonds are issued.
Business Manager Mark Lemer said there is a 60-day waiting period to allow protests on the decision to use the building fund.
Five percent of the assessed value of the school district needs to be represented in protests to delay the process, Lemer said. The district’s total assessed value last year was nearly $2 billion.