May 15, 2013 at 7:54 am
School officials have set the stage for borrowing up to 19 million dollars in bonds to help pay for a new elementary school in south grand forks. Superintendent larry nybladh says that may sound like a lot since initial estimates put phase one of the construction at 10 to 12 million dollars. The original plan was the build the school for 350 kids with a phase two option of expanding it to 700 when needed. Nybladh says it’s possible both phases could be built right away.
grand forks is seeing an influx of new students. The bonds would be paid via the district’s building fund levy. 15-million dollars would go towards the full project….over two-million for furniture…fixtures…and equipment…and 770-thousand for buying the land. There are additional dollars in the bonding resolution for other projects in the district.