Ringgold High School renovation plans moving forward

By ERIC SEIVERLING
eseiverling@yourmvi.com

The Ringgold School District continues to move forward with its plans to renovate the high school’s natatorium and swimming pool area.
On Wednesday night, school officials approved a motion for the first payment to HHSDR Architects in the amount of $54,342 for Phase One renovations.
Total cost for Phase One is estimated at $5.5 million and is scheduled to be completed in August 2022.
School directors also approved PFM Financial Advisors LLC to proceed with the issuance of a general obligation bond in the amount of approximately $9.7 million to help pay for the first two construction phases of the project.
According to PFM Financial Advisors Managing Director Jamie Doyle, school directors can lock in interest rates on April 22, and interest rates for bonds are at an all-time low due to the economy recovering from the COVID-19 pandemic.
“There’s not much difference between year one and year 30,” Doyle told school officials. “All the experts are saying interest rates will stay low. I don’t have a lot of concern for the next month.”
Doyle set May 27 as the settlement date for the bond, also known as when the money is transferred.

To read the rest of the story, please see a copy of Thursday’s Mon Valley Independent, call 724-314-0035 to subscribe or subscribe to our online edition at http://monvalleyindependent.com.