Plum School Board prepares for spending
By Karen Zapf
Published: Wednesday, Oct. 3, 2012, 9:30 p.m.
The Plum School Board is lining up financing for its next round of building improvements.
Board members during the meeting last week approved two resolutions that are expected to glean the district about $13 million as they make decisions about the future of Adlai Stevenson and Holiday Park elementary schools.
In the first resolution, the board voted to proceed with borrowing about $7.5 million. The board also approved refinancing two separate bond issues, which is expected to collect a total of $5.5 million for the district.
The district also has about $2 million remaining from the Pivik Elementary School construction project.
The board earlier this year also voted to set aside $2.5 million in a fund created for capital improvements.
With all the sources of money, the district is expected to have about $17.5 million available for building projects.
The board, during a facilities committee meeting earlier this month, narrowed the possible options to three:
• Renovate Adlai Stevenson and Holiday Park at a cost of about $12 million.
• Demolish Adlai Stevenson and build a new school on the site at a cost of between $17 million to $23 million.
• Renovate Adlai Stevenson, including an addition, at a cost of approximately $11 million.
All three options include renovations to Regency Park Elementary.
Board member Richard Zucco emphasized that the board needs more information before selecting an option.
“We have not made a decision on the projects,” Zucco said.
“We just decided that we are going to have to do something in 2013, and we should start having our financing ready for when a decision is made.”
Zucco said the district saved money by going forward now with financing options.
Board President Andrew Drake said the district's tentative plan called for starting the renovation or construction in June.
He said the construction schedule can be adjusted if the board needs more time to select a plan.
“We want to make the right decision,” Drake said.
Karen Zapf is a staff writer for Trib Total Media. She can be reached at 412-856-7400, ext. 8753, or firstname.lastname@example.org.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
Subscribe today! Click here for our subscription offers.