June 6, 2016

School contruction bonds sell well

By Suzanne Werre
Editor

Work is beginning this week on the $2 million addition to the Underwood School following last week’s groundbreaking.

The school board was given some "very, very good news" regarding its ability to pay for the project from Supt. Brandt Dick.

Bids for the school’s construction bonds came in at an average of 2.426 percent, said Supt. Dick, and the school was able to get just less than $1.47 million to go toward the project.

Supt. Dick noted that looking at other anticipated expenses, there is only one year that might be a little "tight" financially, but in 2026 two other loans (the QZAB and QCSB) the school is paying will both be paid off, and the QZAB will actually be paid off in 2020, which will loosen up the budget belt a little.

Chad Weisenberger, on the Buildings and Grounds committee, noted that the committee will be meeting with representatives of builders Consolidated Construction and architects J2 every two weeks to check on the progress of the project.

The board approved the sale of the bonds, also giving Supt. Dick and Weisenberger the authority to approve small change orders as necessary, but if they are concerned about the expense or necessity of a change order, a short board meeting will be called to discuss the issue.


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