Health & Life : Unit 40 extends bonds for building improvements
The move on Monday will not change the bond payment, therefore it will not affect property taxpayers. The bonds are scheduled to be paid off in 2024.
The total amount of the project approvals was
"We will not be raising property taxes, but we are extending the bonds," he said.
Once approved by the ISBE,
Some of the projects the district plans to accomplish at the high school the next few months include replacement of 167,000 square feet of roofing; replacement of 18 HVAC units; and adding air-conditioning to gyms; plus replacing a boiler with a new efficient boiler; and replacing some of the drainage pipes to handle water coming off the roof.
At Central school, work includes a partial roof replacement; replacing all original windows with high efficiency ones; removing a large amount of asbestos in 16 classrooms and hallways and the fine arts area of the building; plus some fire system and electrical work in that building.
Once completed, the improvements should bring
"You will be owning your own bonds and earning your own interest at about 2.67 percent over the life of this," said King.
King described the process as "very efficient."
The closing for the
In other matters, the board:
--Approved Family Medical Leave for
--Accepted resignations of teachers
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