« Continue Browsing

e-mail article Print     e-mail article E-mail

Helmut Schmidt, Published February 25 2014

Fargo votes to prepare for nearly $28 million school bond sale

FARGO – The Fargo School District is preparing to issue nearly $28 million in bonds to pay for a new elementary school and several major school renovation projects.

The board voted 8-0 Tuesday to authorize staff to advertise the sale of up to $27,730,000 in school building bonds.

The bonds will be used to build a school in Ed Clapp Park, for air conditioning and heating upgrades at six elementary schools, and for other maintenance, according to documents presented to the board.

The bonds will be paid through revenues received by the district’s building fund, Business Manager Broc Lietz said.

Lietz said that if the school district gets a state school construction loan that carries an interest rate just above 1 percent, then the board can cut back on the amount of bonds to be issued.

The board also voted 8-0 to formally acknowledge that no protests to the bond sale had been filed in a 60-day waiting period.

In other business, the board voted 8-0 to accept bids for adding air conditioning to Roosevelt Elementary School and to upgrade the heating plant and air-handling system at Roosevelt.

The total of the bids accepted for the project is $1,495,931. District staff must still weigh the bids for automatic temperature controls, Lietz said. A recommendation for action on that part of the project will be brought to a special meeting of the School Board on Friday.

That special meeting will have the board voting on bids for adding air conditioning and upgrading the heating system at Horace Mann Elementary School.

The board previously approved bids for similar work at Madison, McKinley, Lewis and Clark, and Clara Barton elementary schools.

Readers can reach Forum reporter Helmut Schmidt at (701) 241-5583