School Board to Discuss Bond Sales to Pay for Additions

Now that the additions to both and have been approved, board members have to approve the bonds to pay for them.

On agenda for Monday night's special meeting, board members “will be presented with bond issuance considerations for the approved additions at each high school to increase capacity to 3,200 students at 88 percent utilization.”

The district still has the authority to sell about $246 million more in bonds for construction, but that runs out Nov. 6. The price tag for additions at both schools is currently estimated at $54 million.

Also during tonight’s meeting, board members will also be asked to approve the construction of a new million transportation facility. Preliminary figures for the facility show a $2.8 million price tag.

District officials said the current facility is too small for the amount of staff that use it.

Board members will also be asked to approve a list of other capital improvements projects, such as seal-coating and restriping the parking lots at most of the buildings, and curbs and gutters that were originally planned for some of the newer facilities but which were not installed as a cost saving measure for the construction budgets at the time.

The board will meet at 7 p.m. Monday in the community room at Oswego East High School.