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School Board Approves Financing for Track Project

posted Mar 23, 2012, 6:07 AM by mwright@ecsdcards.com
At their meeting on March 21st, the School Board approved the bid from Hutchinson, Shockey, Erley & Co., out of Chicago, Illinois for the Revenue Bonds to finance the Track/Football field project.  The interest rate of 1.7% was approved by the School Board with a repayment schedule of 7 years.  Repayment of these revenue bonds will be paid from the SAVE Fund, also known as the penny sales tax fund.