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DC School Board – Bond Reduction, Sinks & HVAC, Hirings

May 15th, 2012 by

The Drew Central School Board passed a resolution to move forward with a bond sale that will lower their current interest rate on $1.7 million. When the bond reconstruction was initially investigated, it was determined that the projected targeted savings would be $227,000. Since all of the numbers and data have been inputted, the actual savings comes to $217,500. The bonds will be revisited for reconstruction, payoff, or other options in September of 2017.

The Board also voted to accept a new post issuance bond compliance manual. The last manual they accepted was in 2009. The manual is required because tax exempt bonds get very low interest rates; therefore certain regulations must be followed.

~~~~~~~~~~~~~~

Superintendent Wayne Fawcett told the Board that two men from Clear Result Installations came to the District recently. He said the company works with Entergy and CenterPoint.

One of the men installed low flow water faucets on every sink, and estimated savings to be around $50 per sink. Fawcett stated that the sinks were outputting 2.5 gallons per minute before, and now the output is at .5 gallons per minute.

The other man from Clear Result Installations performed an energy audit for Entergy, to get ready for the HVAC project at DCHS. This was to make sure systems meet savings standard, “so we will qualify for rebates from Entergy.”

Superintendent Fawcett stated that no problems were found with the HVAC currently, and they should be qualified for the rebate after installation is complete.

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The Drew Central School Board released an updated list of positions that have recently been filled:

Patty Smith – Literacy Facilitato
Janine Eubanks -HS Choir
Sarah Hewitt – Teacher
Miranda McMahon – Elem PE Teacher

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