BURTON TRUSTEES MOVING FORWARD WITH FUNDING

  

The Burton School Board has approved plan to hire a professional organization to assist with funding to help with funding for facility improvements.

Monday night the board approved a resolution related to the issuance of Qualified Zone Academy Bonds. 

Burton Superintendent James Palmer
Burton Superintendent James Palmer

The resolution allows Government Capital to line up finance people and set up the funding options for the QZAB.  According to the preliminary term sheet, Burton would get the bonds at 0.57% interest, which would save the district $419,000 in interest costs versus a bond at 3.75% interest.  

The district would have 15 years to pay back the loan at $104,620 a year. 

According to Superintendant James Palmer, most of the improvements  have to do with wheelchair access to the Classroom and Old Rock HS.  Also updating electrical service panels to the Old Rock HS, removing floor tile in the Old Rock Building and Classroom building that have tested positive for asbestos.  They would also consider purchasing buses and technology.

The board also heard a reporte on the School Safety Audit Report. 

Burton was commended on many improvements since the last Safety Audit, including adding security cameras, fencing, gates, new locks on outer doors, adding signs to buildings for easier identification for police and fire and adopting several policies and practices to improve security.

Also at Monday night’s meeting, the board considered an offer on the Old Elementary Property. The Board proposed a counter offer to an interested party.

And, the board approved a chang to Spring Break on the 2014-2015 School Calendar from March 9-13 to March 16-20. 

 

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