Saint Paul Public Schools — Agenda
Sunday, June 7, 2026
Reimagine Rdale: Vision 2030 Strategic Planning
Long-Term Facilities Maintenance (LTFM) Plan and Financing
School Board Governance and Policy Review
Strategic Plan Implementation and Monitoring
Votes (1)
Resolution Adopting a Long-Term Facilities Maintenance Plan for Fiscal Year 2028; Stating the Intent to Proceed with and Providing for the Issuance and Sale of General Obligation Facilities Maintenance Bonds and Providing for Credit Enhancement with Respect Thereto; Declaring the Official Intent of the District to Reimburse Certain Expenditures from the Proceeds of Such Bonds; and Taking Other Actions with Respect Thereto
Moved by Director [No name provided] · Seconded by Director [No name provided]
The School Board formally adopted the Fiscal Year 2028 Long-Term Facilities Maintenance (LTFM) Plan, outlining a ten-year strategy for critical facility projects. The resolution authorized the intent to issue general obligation facilities maintenance bonds up to a maximum aggregate principal amount of $30,000,000 to finance projects such as increasing accessibility, mechanical and fire system upgrades, building envelope improvements, plumbing, hardware, professional services, roofing, interior surfaces, and site improvements. The District also committed to Minnesota's State Credit Enhancement Act provisions and declared its official intent to reimburse certain project expenditures from bond proceeds.
Notable Quotes (3)
The District intends to issue bonds to finance the Plan. The Plan includes (i) provisions for implementing a health and safety program... and (ii) a debt service schedule demonstrating that the debt service revenue required to pay the principal and interest on the bonds each year will not exceed the projected long-term facilities revenue for that year.
The Board intends to issue one or more series of general obligation facilities maintenance bonds (the 'Bonds') in the maximum aggregate principal amount of $30,000,000, pursuant to the Act, to finance some or all of the projects included in the Plan...
The District hereby covenants and obligates itself to notify the Commissioner of a potential default in the payment of principal and interest on the Bonds and to use the provisions of Minnesota Statutes, Section 126C.55, as amended (the 'State Credit Enhancement Act'), to guarantee payment of the principal and interest on the Bonds when due.
Ordinances & Resolutions (19)
District-wide strategic plan for facilities, programming, and long-term operations.
Long-Term Facilities Maintenance (LTFM) Plan for funding and managing district infrastructure over ten years.
Official resolution adopted by the School Board to approve the LTFM Plan and authorize bond issuance.
The Facilities Maintenance Act, establishing the long-term facilities maintenance revenue program.
The State Credit Enhancement Act, guaranteeing payment of principal and interest on bonds.
District policy governing the school district budget.
District policy regarding school meals.
Annual approval for District equity policy.
Policy reviewed and approved for school board members.
Policy reviewed due to legislative updates.
Policy reviewed due to legislative updates.
Policy reviewed for MSBA alignment.
School Board Governance Handbook, finalized and voted upon.
District plan for academic achievement and civic readiness.
Annual financial report for the fiscal year 2025.
Plan to address and manage the district's statutory operating debt.
Legislative platform developed by the Legislative Advisory Council.
Application for Long-Term Facilities Maintenance Revenue – Statement of Assurances, submitted to MDE.
Long-Term Facility Maintenance Ten-Year Expenditure Application.