The McPherson USD 418 Board of Education discussed the timelines for selling bonds and building construction during its regular meeting Monday.
Following voter approval of a $13.25 million bond issue last week, the district now begins the implementation stage.
The school board will have a first draft of the resolution for the issuance of the bonds on April 16. On April 22, the board is scheduled to adopt the authorizing resolution for issuance of the bonds. The district will receive the bond rating and insurance quote April 29, and by May 13, the board will approve the bond resolution. The bond will close by the end of May.
“We really set ourselves up for a good, good situation,” Superintendent Randy Watson said.
The district is estimated to receive 13 percent of the cost of the bond project construction in state aid, which was more than district officials previously thought it would receive.
The district also built in good cash balances, which will allow for a steady tax rate if the local option budget fluctuates.
“We’re feeling really confident as of tonight that we will be at the 5.5 mill rate, if not lower,” Watson said.
Associate Superintendent Chris Ruder explained the timeline for some of the construction included in the bonds.
At Lincoln and Roosevelt Elementary Schools, which have almost identical blueprints, construction will begin in August and September and finish in July or August 2014.
For the machining and welding shop at McPherson High School, construction will begin in September and be complete by June or July 2014.
At Washington Elementary School, construction will begin in July 2014 and be completed by July or August 2015.
The board also accepted a bid of $640,000 from Wiens and Company for floor settling repair of the science classrooms at MHS. These repairs will take place this summer, beginning one week before school concludes this year and ending sometime in September.
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