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OCI1UU1 oupei illLCUUdll, ivuuu i Chappell said that if the Board of Supervisors approved the proposal, bids could be asked in March, returned by April and work could begin in the summer. He said he had discussed it with County Administrator John McCarthy-and a joint session with the Board of Supervisors could come as early as Jan. 27.
Two elements underscored the School Board’s decision to move last night: the long overdue nature of the construction and upgrades and a propitious state education bond market where interest rates are currently 4.4 percent per $1,000. Under this plan, the bonds would be sold in May.
Chappell said in an interview after the meeting that the project would serve the “most important people in the county: our children.”
He told the members of the board that the cost of the money on the bond market may rise later this year and that the architect estimated that if construction was delayed a year, there could be a five to eight percent cost increase.
Board Chairman Wesley Mills said he worried that the board may feel “like we’re being pushed” on the projects, but said each of the steps were long overdue and the bond rate reduced the cost
See SCHOOLS, Page A6
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