Franklin Regional to consider bond issue for Sloan elementary campus project
Franklin Regional School District taxpayers will get a better sense next month of how much school officials plan to spend on a new elementary campus.
Board members Monday night authorized PFM Financial Advisors and the Pittsburgh law firm Lynch & Lynch to work with district administrators on a bond issuance for the elementary campus construction project.
The project involves renovating Sloan Elementary School on Sardis Road in Murrysville into a school serving kindergarten through second grade, and constructing a new school on the Sloan campus for grades 3 to 5.
The work is projected to cost more than $50 million, according to district officials.
PFM and Lynch officials are expected to attend one of the board's October meetings to lay out the parameters of the bond.
If the school board approves a bond resolution, a bond sale could take place in November or December.
In June, the board approved a contract for two land surveys at the Sloan site, as well as a $1 million contract with O'Hara-based Massaro Construction, which will serve as construction manager for the project.
Board member John Koury has said he anticipates breaking ground next year, with the goal of having the new elementary school ready for the 2020-21 school year.