USD 464 approves bond sales
The Tonganoxie USD 464 moved a step forward in planning for a new elementary school at Monday night’s regular school board meeting.
The board voted unanimously to authorize the sale of bonds after a presentation by Roger Edgar of George K. Baum — the district’s bond adviser. Edgar said the bond sale would take place at 11 a.m. on the day of the next regular board meeting, scheduled for March 11, and bonds would be closed and delivered on or about March 27.
Additionally, Edgar said George K. Baum has nearly finalized a preliminary offering prospectus, which will be sent to potential bidders the first week of March. Though the bond issue is for $27.2 million, state aid will contribute about $9.3 million.
“The bond issue is going to be 17.5 million dollars, roughly,” Edgar said. “That’s not the full amount. We’re trying to fund enough of the issue to get you through the year, but leave a little bit left that you don’t need until next year. We don’t want to sit on all that money for a year if we don’t need it because we can’t earn any interest on it. We’re continuing to watch everything, and everything is going well.”
In other business, the board:
• Recognized Tonganoxie High teacher and coach Scott Peavey as a 2013 recipient of a Kansas Cable Telecommunications Horizon Award.
• Recognized the THS debate team for its recent Class 4A four-speaker state championship.
• Approved, 7-0, superintendent Randy Weseman to begin contract negotiations for construction management services with Universal Construction.
• Approved, 7-0, a $329,000 technology package bid from Community National Bank.
• Approved, 7-0, the request for qualifications from a state-qualified energy firm for the purpose of developing an energy efficiency program for the new elementary school.
• Approved, 7-0, an update to the fiduciary engagement agreement for George K. Baum for financial services.
• Approved, 7-0, the adoption of a 2013-14 district calendar.
• Approved, 7-0, the proposal for Remco Demolition to remove the track at the high school soccer complex. The company offered to do the demolition free of charge.