Committee formed for sinking fund

Board refinances bond for significant savings

THREE RIVERS — A committee is being formed to study a sinking fund for Three Rivers Community Schools, board president Pete Bennett reported at the board meeting Monday, Oct. 24. Seeking to put a proposal on the ballot to raise money for facilities improvements, the board will wait for the committee’s recommendation on when it should go on the ballot, as well as how many years and mills should be requested.
The committee consists of Tony Leininger, principal owner of CARMI Design Group; Bennett; fellow board members Diana DeGraaf and Erin Nowak; administrators Scott Grace and Andy Mains; superintendent Jean Logan; and community members T.J. Baker and Melissa Bliss. Former superintendent James Bermingham is in an advisory role.
“We should have no difficulty meeting our intended May ballot timeline,” Bennett said.
Leininger recommended holding some small group coffee meetings, and “we’ll be identifying stakeholder groups to reach out to in hopes of improving our past performance,” Bennett said, referring to two sinking fund ballot requests that have failed.
Also during the meeting, the board approved a resolution to refinance the 2007 bond for elementary renovations which will “save taxpayers a significant amount of money,” Logan said.
There will be an option to do the same next year with a 2008 bond.
Elena Meadows can be reached at 279-7488 ext. 22 or news@threeriversnews.com.

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