Taking advantage of lower interest rates, the Trenton R-9 school district expects to save a substantial amount of money with re-financing of construction bonds from ten years ago.
It will be the second time the school district has re-financed general obligation bonds first issued in 1999 and 2000 for construction of Trenton middle school and classroom additions at Rissler elementary school. After hearing a proposal last evening, the R-9 board voted to adopt a resolution and proceed with re-financing the principal of three million-950 thousand dollars at a new rate of one point four percent.
Joe Kinder, representing financial advisor George K. Baum, told the school board Trenton can save 429 thousand dollars on interest expense during the remaining six years of the bonds. That's savings of nine percent. Kinder commended the R-9 school district which he said received an â€śA-plusâ€ť credit rating. The 2004 issuance of bonds
had a lower interest rate back then of three and three quarters percent.
The R-9 board approved a contract with a new company, WanRack, for installing a fiber optic network connecting five school properties. The action is subject to government approval of an E-rate. R-9 plans to purchase services through a ten-year lease agreement. The cost is 34-hundred dollars per month but Superintendent Becky Albrecht anticipates at least three-fourths of that expense to be reimbursed through the federal â€śe-rateâ€ť which makes advance telecommunication services more affordable.
Rob Oyler of WanRack told the board permits will be sought for fiber optic cable to be hung from utility poles near R-9 school properties in Trenton.
Among personnel, the school board accepted a letter of retirement from Barbara Cox effective June 30th. She's in her eighth year as an administratorâ€”director of educational services. She began her service to Trenton R-9 in 1996 as an instructor.
The school board is caretaker of the (Frank) Drake Estate. Members approved a a check to the Jewett Norris Library for 25-hundred ($2,543) dollars of interest earned.
The Trenton school district has missed two and half days due to inclement weather. Per the school calendar, the makeup days are tacked onto the end of the school year.
That means classes will be in session May 16th and 19th with an â€śearly dismissalâ€ť now scheduled on the last day which is May 20th. High school graduation is May 18th.
The R-9 board of education still has four candidates for three positions in the April 8th election. The filing deadline is next Tuesday, January 21st, at 5 o'clock at the R-9 district office on Normal Street. Each of the seven members were presented with a certificate for school board member recognition week January 26th through February 1st. Kristi Davis presented an evaluation on early childhood education involving three and four years old now totaling 104 students.
The parents as teachers program, she said, serves 109 children from 73 families. The R-9 health program report shows 13 thousand, 200 visits by students and staff with nurses during the past academic yearâ€”the largest number at Rissler elementary (9,036). Both health offices report an increase in type one diabetic patients along with those who have what were called â€śserious and potentially life-threateningâ€ť allergy issues.