BVA sets terms for bond to be used for facility improvements
By JEFF STITT
jstitt@yourmvi.com
The Belle Vernon Area school board unanimously voted Monday to set the terms of a $3.8 million 2020 series general obligations bond.
The 20-year insured bond is being issued by PFM Financial Advisors.
The bond will be used for “a number” of capital projects that will take place across the district’s facilities, board President Joe Grata said.
He and Director Joel Whiteko, chairman of the Facilities, Grounds and Transportation Committee, said the board has been discussing the possibility of floating a bond for around two years. In that time, the board has compiled a list of capital improvements that need to be made in the district’s facilities, the directors said.
Grata said the “working list” has about three dozen items on it.
“This money is to cover as many needs of the maintenance, repairs, upgrades and building preservation as possible,” Grata said. “We do not have the list finalized. Money is not enough at the present time to cover everything. We have a list of deferred and postponed projects as new funds become available.”
To read the rest of this story, please see a copy of Tuesday’s Mon Valley Independent, call 724-314-0035 to subscribe or subscribe to our online edition at https://e.monvalleyindependent.com.
