| School board proceeds
with bond vote
By PAT NEWMAN
pnewman@TheCitizenNews.com
The Fayette County Board of
education signed a resolution Friday to proceed with a $65 million bond
referendum for new school construction, land acquisition and renovation
of some existing schools.
Voters will decide for or against the bond referendum in the Nov. 7 General
Election.
According to school finance director Jim Stephens, the bond will be financed
over 10 years at an interest rate of approximately 4.7 percent, not to
exceed 6.5 percent annually, costing a total of $21.4 million.
The money will be spent to build and equip a new high school and three
new elementary schools, buy land for the schools and for "adding
to, renovating, repairing, improving and equipping" nine existing
schools.
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