$8.67 million in bonds sought for renovations
LOCKPORT -- The Lockport School Board voted 7-0 Wednesday to hold a referendum May 16 on a bond issue to help finance $8.67 million in renovations at 13 buildings.
Gerald J. Stuitje, assistant superintendent for finance, said the work -- ranging from roofing to heating, plumbing, electrical and masonry would begin in a year and be completed over the next two to four years.
The project would not increase school taxes, he said.
The start-up money would come from $1.45 million the district has saved in recent years in debt service and a capital reserve fund.
He said the state would reimburse the district for the money it borrows to do the work.
Stuitje described the projects are nuts-and-bolts upgrades required to make 11 schools and the administration building and maintenance garage sound.
He said the district does not give out estimates about what it believes indvidual projects might cost because that might influence how much contractors bid to do the work.