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Friday, May 6, 2016

Refinancing bonds on board agenda

Friday, October 5, 2012

McCOOK, Nebraska -- The McCook School Board of Education will consider approving the re-financing of bonds issued for the renovation at McCook Elementary, at the regular board meeting Monday, 6:30 p.m. at the Junior High conference room.

Superintendent Grant Norgaard said if the board approves re-financing the general obligation bonds, Series 2008, of Red Willow County School District 0017, to get a lower interest rate, McCook school district and taxpayers will save approximately $570,000 over the life of the bond.

Renovation at McCook Elementary cost approximately$4.6 million. McCook Public Schools Business Manager Rick Haney said at the time it was issued, the bond was estimated to be paid off by 2026 but by re-financing, that can be knocked down to 2025.

Also at the meeting, the board will hear from administration on the new eligibility policy put into place last year, that tightened up academic standards for students involved in sports or clubs.

The policy was approved by the board of April of this year and required students to maintain passing grades in all but one class in order to remain eligible for participation in a competition.

A student failing two classes will have a one-week "grace" period to bring up grades. There had been no written policy before, but the district had followed state guidelines that allowed students to participate in school-sanctioned activities if they passed four classes the prior semester.

The board will hear from Superintendent Norgaard at Tuesday's meeting on the specifics on the policy and how it is working.

Norgaard will also share with the board on how teachers and administration are using the early dismissals on Wednesday. Beginning this school year, all schools in the McCook School district are dismissed at 2 p.m. every Wednesday for professional development of staff.

Other new business the board will consider includes:

* Approve FFA/agriculture students to attend the National Convention in Indianapolis, Indiana on Oct. 24-27

* Accept the anonymous donation in the amount of $2,000 for athletic equipment

* Accept the $810 donation from Brown Shoe Fit Company for cross country

The board will also hear reports from the school district's Wellness Committee and from Larry Young and Linda Babcock, representatives of Sodexho, the food service company for the McCook School district.

Reports will also be heard from Student Council, McCook Elementary PTO and Darcey Hansen of the TeamMates program.

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