Financing for a weight room/fitness center project was approved by the Guthrie Center School Board at their recent meeting.
The Board adopted a resolution to issue about $1.2 million in bonds from Secure an Advanced Vision for Education (SAVE) fund revenues. Superintendent Dennis McClain explains how this differs from a general obligation bond, “We are bonding against SAVE funds that we will get, and so there’s not going to be an increase in tax rates or anything like that. It’s one-cent sales tax money that we’re going to get over the next, well in this case, 13 years. So we’re just bonding against those future revenues.”
These bonds will be used for the facility which is anticipated to be built onto the southwest corner of the high school, as well as replacing a heating, ventilation, and air-conditioning unit for the addition and some of the existing building. The public has the right to file with the Board secretary a petition for an election on the bond issuance due by March 9th. The petition must be signed by at least 100 voters or thirty percent of those who voted in the last school board election. FRK Architects are expected to present final construction documents to the Board in March, with bid letting to contractors at the end of the month.