West Baton Rouge Schools Superintendent David Corona said Wednesday that he was overjoyed at several renovation projects in area schools.
During the regular school board meeting Wednesday evening, July 17, Corona mentioned in the “educational presentation” that several area schools have received a few cosmetic upgrades.
He said that newly painted walls and much needed cosmetic attention in bathrooms in Port Allen High School have upgraded the facility a great deal.
“I think you’re going to be really, really pleased with what you see there,” Corona told the board during the meeting. “With the focus on walls being painted, with the focus on ceiling tiles being replaced, with a focus on all the lights being repaired, it’s making a huge difference just in the appearance.”
He said that the construction of a new wing at Brusly Elementary School is also underway, saying that he is excited about “the things that are going on at Brusly Elementary with the completion of the beginning of the wing that’s now underway.”
He said BES’s project includes a professional development center, a technology room and more.
“It’s coming together nicely,” Corona said. “It’s unbelievable all the stuff we’ve got going on, but it’s really exciting – not only the physical stuff, but also the educational stuff.
“Things are rolling, and they’re rolling in the right direction.”
Corona said that he feel like the school board’s focus is on things of importance, and he believes the school system is properly preparing for the opening of the 2013-2014 school year, which begins on August 12.
“We’re pretty well focused on the important things… [and the] important changes that need to be made. I think it’s exciting,” he said.
In other news, the school board considered authorizing a resolution providing for the incurring of debt and issuance of $3.4 million of Limited Tax Revenue Bonds, Series 2013, of the school board; designating the date, denomination, and place of the payment of said Bonds; providing for the payment thereof in principal and interest; authorizing the agreement with the Paying Agent; and providing for other matters in connection therewith.
“We put together a resolution. It’s a 10-year bond issue. It’s repayable in 5 years.
Your net interest cost is 2.816 percent,” said David Henderson of Foley & Judell, a nationally recognized firm of bond attorneys whose practice is devoted solely to public finance. “That is a great interest rate from your fiscal agent bank.”
Henderson explained to the board members that low interest rates for the board meant less tax dollars spent on interest.
“Every time you have a low interest rate, that’s more dollars you can put into your project,” he said.
The board unanimously voted to consider the resolution authorizing $3.4 million worth of bonds.
“We’re going to award the bonds to American Gateway Bank. They will also be your paying agent. They are not going to charge anything for the paying agent services,” said Henderson.