Created on Tuesday, 09 April 2013 Written by Mandy Loehr
While two new Bellefontaine City Schools buildings are nearing completion along Ludlow Road, board of education members approved a resolution at their Monday evening meeting to solicit bids for the demolition of the former Pine Avenue Elementary School, located at 401 Pine Ave.
|Bellefontaine Schools Board of Education members voted at their Monday evening meeting to seek bids for the demolition of the former Pine Avenue Elementary School, 401 Pine Ave. (EXAMINER PHOTO | MANDY LOEHR)|
The first advertisement of bids for Pine Avenue’s demolition is expected to come Friday, with all bids to be received by May 2.
This action is in line with plans set forth through the Ohio School Facilities Commission project for buildings that will no longer be used by the district once the new elementary school and middle school open in the fall.
At that time, Western Intermediate School and Northeastern and Southeastern elementary schools also will no longer will be used by the district.
Currently, the Pine Avenue facility is being utilized by the Madison-Champaign County Educational Service Center for the Mac-A-Cheek Learning Center.
However, the Madison-Champaign County ESC has purchased Western Intermediate School at 1130 W. Sandusky Ave., and will move the Mac-A-Cheek Learning Center to that location in the fall.
In a separate motion, members approved Allied Environmental Services to serve as an abatement consultant for the demolition project. Bill Badenhop, district business manager, said the consulting firm will help to determine whether asbestos removal is needed at Pine Avenue prior to the demolition.
Relating to financing the OSFC project, members discussed a bond resolution that could potentially allow the district to refinance its building project bonds to take advantage of lower interest rates.
Treasurer Keith Krieger said the 2010 bond issue for the OSFC project utilizes Build America Bonds. Now several years later, interest rates for tax-exempt bonds are lower than the Build America Bonds.
The school district is waiting to hear from the federal government about how it can take advantage of lower interest rates, and in the process, potentially save about $1 million over the lifetime of the bond, Mr. Krieger reported.
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