Staff report
news@wbcowqel.com
The Colonel Crawford Board of Education is looking for ways to save some money and one way might be rebonding the debt incurred from construction of the K-12 school.
The Colonel Crawford Board of Education approved a resolution Monday night that calls for the issuance and sale of bonds for the purpose of refunding for debt service cost savings for all or a portion of the $8,830,000 of the school district’s outstanding school improvement and refunding bonds series from 2007. These bonds are slated to mature on January 15 each year from 2020-2027, and 2030.
These bonds were issued for the purpose of constructing the K-8 portion of the building and renovating the existing school district buildings and facilities.
The resolution also calls for optional redemption on July 15, 2017 of the refunded bonds and authorizes the execution and delivery of a bond registrar agreement.
Things may be getting a little brighter at Colonel Crawford after the approval of the purchase of an electronic sign from Stewart Signs. The cost for the sign is $24,773. So far $20,309.44 has been donated from the Colonel Crawford Lions Club, and the Colonel Crawford classes of 2008, 2009, 2014, and 2016.
The Colonel Crawford Board of Education approved an advance of $13,967.38 from the General Fund to the Permanent Improvements Fund to reimburse a portion of the district’s share of moneys remaining in Fund 010 following the close-out of the OFFCC project on the North Building Roof.
The board also approved a “true-up” agreement with Ohio ESC for $74,810. Also approved was a contract with Vasco Sports Contractors to re-surface the all-weather track. That contract will cost $49,937.
The Colonel Crawford Board of Education approved all other items on the agenda Monday night.