The Sedalia 200 School Board met briefly Wednesday afternoon in special session to secure interest rates on lease certificates.

The five school board members present approved a resolution to sell $25 million in lease certificates with an interest rate of 4.136%. Superintendent Dr Todd Fraley explains that the board had approved issuing the certificates at last month’s regular meeting.

Fraley says the lease certificates will fund improvements across the district identified in their long-range facilities plan.

Sedalia’s next regular board meeting is scheduled for Tuesday, June 25th at the Heckart Performing Arts Center.