Seneca Valley approves $5.2 million bond sale
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The Seneca Valley school board on Monday authorized the sale of $5.2 million in bonds.
The bonds should be sold sometime in the next two to three weeks, said Lynn Burtner, district business administrator.
Ms. Burtner said the district is waiting for its bond rating and approval from the Pennsylvania Department of Community and Economic Development before the bonds can be sold. The resolution passed Monday generally stated that the bonds must be sold before the end of the year.
School officials say they intend to use the bulk of the money to fix aging roofs, boilers and chillers in buildings throughout the district. School board members have talked about using some of the money for new band uniforms and an electronic sign on Interstate 79 near the middle and high school campus. No decisions have been made on those projects.
The district expects to add about $130,000 to its debt payments after it borrows the $5.2 million, Ms. Burtner said.
First Published October 9, 2012 6:48 am