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07/12/2017

THE FAIRMONT AREA SCHOOL BOARD TUESDAY WAS UPDATED ON THE RECENT BUILDING REFUNDING BOND SALE.

PATTY HEMINOVER OFSPRINGSTED, INC. THE SCHOOL DISTRICT'S BOND COUNSEL, REPORTED THAT THERE WERE 8 STRONG BIDS FOR THE SALE OF 6,560,000 DOLLARS OF GENERAL OBLIGATION BONDS AT TUESDAY'S SALE. THE TOP BID WAS FROM JANNEY MONTGOMERY SCOTT, LLC AT A PRICE OF 7,336,913 DOLLARS WITH A NET INTEREST COST OF 1,873,290 DOLLARS WITH A TRUE INTEREST RATE OF 2.53 PERCENT. HEMINOVER SAID THAT WILL CREATE A SAVINGS OF 800,000 DOLLARS FOR FAIRMONT AREA SCHOOL DISTRICT TAXPAYERS.

THE FAIRMONT AREA SCHOOL BOARD APPROVED THE STRATEGIC PLAN FOR 2017-2022 THAT WAS PUT TOGETHER BY BOARD MEMBERS, COMMUNITY MEMBERS AND HAS 21 GOALS. THE PLAN WILL TAKE A COUPLE OF YEARS TO FULLY IMPLEMENT AND WILL BE REVIEWED ANNUALLY WITH COMMUNITY INPUT STILL WELCOMED.

THE BOARD APPROVED STUDENT MEAL PRICES FOR 2017-18 WITH A 10 CENT INCREASE PER MEAL IN BOTH FAIRMONT ELEMENTARY AND JUNIOR-SENIOR HIGH SCHOOLS. ELEMENTARY COST IS 2.80 PER LUNCH AND 2.90 AT THE JUNIOR -SENIOR HIGH SCHOOL. BREAKFAST IS STILL FREE AND LUNCH IS STILL FREE FOR THOSE ELIGIBLE.

THE BOARD ACCEPTED A 3M GRANT OF 8,000 DOLLARS FOR FAIRMONT ELEMENTARY TO BE USED FOR CREATING S.T.E.M. LEARNING ENVIRONMENTS IN THE K-2 CLASSROOMS. ELOISE LIDKE DONATED 100 DOLLARS FOR THE FAIRMONT HIGH SCHOOL MEDIA CENTER AND OLSON RENTAL DONATE A TRAILER, VALUED AT 500 DOLLARS TO BE USED BY THE ROBOTICS PROGRAM.



ROD HALVORSEN
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