Verona hits snare in school bonds

By Anonymous
Posted Dec 17, 2009 @ 08:49 AM
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The Verona School Board met on November 19. Members present were Donnie Craft, Roger Bandy, YaVonne Koehler, Gary Wolf, Dale Whitlock and Ed Kristek. David Doner was absent.
Superintendent Bill Sweet said there is a problem with the bond funding that was passed in November’s election.
The state isn’t opening the QSCB application process until April which is after the school district had hoped to begin its project. 
Also, the state is experiencing problems finding banks to purchase the zero percent bonds and it appears they will have to offer bonds at 1.8 percent instead of zero.
Sweet advised normal bonds are going for four percent.
The school will proceed with its construction project and may have to settle for regular bonds instead of the QSCB funding options.  Richard Werner Architect advised he feels the
project should go out to bid around February 1, and opening should occur
near the end of February.  March is the goal start
date.
Sweet advised the preliminary APR (Annual Performance Report) has been received.  The district met 13 of 14, almost meeting the requirements necessary to be recognized with distinction.
In closed session, the board discussed hiring, firing, disciplining or promoting an employee; individually identifiable personnel records, performance ratings or records pertaining to employees or applicants for employment.
The board took no action in closed session.

The Verona School Board met on November 19. Members present were Donnie Craft, Roger Bandy, YaVonne Koehler, Gary Wolf, Dale Whitlock and Ed Kristek. David Doner was absent.
Superintendent Bill Sweet said there is a problem with the bond funding that was passed in November’s election.
The state isn’t opening the QSCB application process until April which is after the school district had hoped to begin its project. 
Also, the state is experiencing problems finding banks to purchase the zero percent bonds and it appears they will have to offer bonds at 1.8 percent instead of zero.
Sweet advised normal bonds are going for four percent.
The school will proceed with its construction project and may have to settle for regular bonds instead of the QSCB funding options.  Richard Werner Architect advised he feels the
project should go out to bid around February 1, and opening should occur
near the end of February.  March is the goal start
date.
Sweet advised the preliminary APR (Annual Performance Report) has been received.  The district met 13 of 14, almost meeting the requirements necessary to be recognized with distinction.
In closed session, the board discussed hiring, firing, disciplining or promoting an employee; individually identifiable personnel records, performance ratings or records pertaining to employees or applicants for employment.
The board took no action in closed session.

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