Bond Issue Will Produce $2.5 Million In Funds
The Bourbon School District will receive around $2.5 million from its bond issue due to interest rates that are lower than anticipated.
“This is above where we were hoping to be,” said Superintendent Dr. Kyle Gibbs. When the school board voted to place the bond on what became the June 2 ballot, they were initially hoping for $2.3 million.
The district will use bond funds to pay for the construction of a new STEM (Science, Technology, Engineering & Math), agriculture and education building, along with a new safety vestibule at the elementary school.
Some projects have already started, will start soon or are completed.
A slew of renovations at all three campuses was included in the package.
Gibbs said electrical upgrades at the middle school are done and a bid is out to replace the flooring there.
Plumbing renovations at the elementary school are halfway complete.
Work is expected to start soon on a new roof over the high school cafeteria.
Gibbs explained there was a clause in the bond that allowed for some of the projects to begin before the bond has actually been issued.
“It will be another six to eight weeks before we receive those funds,” he said. “We can get started and pay ourselves back with the proceeds. It’s an unusual situation.”
The safety entry at the elementary school is in the process of having specs drawn up. Gibbs said they will attempt to get it done this summer.
“It’s going to be a quick turnaround,” he said.
The new building remains in the planning stages.