Sale date set for bonds to finance addition at Tri-Creek school

2013-11-17T20:15:00Z 2013-11-17T21:03:19Z Sale date set for bonds to finance addition at Tri-Creek schoolMelanie Csepiga Times Correspondent nwitimes.com
November 17, 2013 8:15 pm  • 

LOWELL | The sale date for $750,000 in general obligation bonds to fund an elementary school addition in the Tri-Creek School Corp. has been set for Dec. 3.

The school corporation's new financial adviser, Curt Pletcher of Umbaugh and Associates, Indianapolis, was introduced to the School Board on Thursday. He said the bond sale is on target.

"We think there will be a lot of interest since it's a one-year piggyback," Pletcher said.

The bond sale will finance an addition to the southwest corner of Lake Prairie Elementary School. The addition's three classrooms will replace two portable classroom units, which cost the district $2,025 monthly to lease.

Jacqueline Beery, interim business and personnel manager for Tri-Creek, received board approval for the transfer of $2.27 million from the unappropriated general fund cash balance to the rainy day fund.

She said that figure represents about 10 percent of the general fund and will make money available for items not eligible for capital projects fund money.

In another matter, Superintendent Debra Howe said there were no changes in hours or salary for administrators and support staff members whose contracts were renewed Thursday.

Among those whose contracts were renewed were Assistant Superintendent Nathan Kleefisch and Director of Innovations in Learning Lynne Haberlin.

After reviewing bus driver pay procedures, Howe said she would not recommend any changes.

A bus driver had asked that the district consider paying bus drivers for actual time on the job.

That method would cause some bus drivers to lose money, she said. Bus drivers currently are paid a salary based on a three and a half hour minimum.

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