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The school board unanimously agreed last week to absorb an additional $14,000 in the existing school budget to cover an unanticipated increase in the interest rate to a 20-year bond for the ongoing South School construction project. During last February’s School Deliberative Sessions, the board agreed to place the $5.1 million item on the ballot, where voters ultimately approved it. At that time, the estimated tax impact was 3 cents per every $1,000 in valuation, or 3.5 percent. Now the bond’s rate has increased to 4.09 percent, according to school business administrator Peter Curro. more _____________________ Changes on Horizon in Area of Jack’s Bridge Road With a local facility for a major truck leasing company now under construction, the area of Jack’s Bridge Road is rife with changes, Planning and Economic Development director Andre Garron said last week. During the July 17 town council meeting, Garron offered a glimpse into the area’s future, providing an outline of various improvement projects, both existing and conceptual. Garron said the ongoing construction of the 5,600-square-foot truck leasing and servicing facility on the eastern side of Jack’s Bridge Road was just the beginning. The 11-acre lot abuts Interstate 93 and vacant industrial land. more _________________ School Board Looks at Postponing SAU Renovations, Performing Arts Center Faced with the current economic slump, school officials agreed that now probably isn’t the time to ask voters to approve such costly projects as a new School Administrative Unit (SAU) office or a performing arts center. During last week’s school board meeting, school business administrator Peter Curro said the next scheduled Capital Improvement Plan (CIP) project is the SAU central office renovation and/or construction projects, slated for fiscal year 2011. The CIP Committee will meet on Aug. 18 and 21 to rate projects for the next fiscal season and make recommendations as to which projects should go on the spring ballot. more _____________________ |
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