2008-08-21 / Front Page

Bond resolution paves way for school improvements

By Cheryl Holladay

With the recent passage of a $7.1 million bond proposal, Houghton Lake Community Schools can now move forward with the upgrading of its facilities.

Superintendent Pete Injasoulian told the board of education Monday that while many projects will have to wait until next spring, some projects may be done while school is in session.

"We've gotta be good stew- ards of those dollars," he said.

President Dave Harned said a construction committee, which will guide project priorities, should include citizens of the district.

The board approved a bond authorizing resolution that will allow the district to proceed with the bond proposal.

Business Manager Matt Lewis said the goal is to market the bonds to more buyers. The district will have the assistance of a financial advisory firm, he said, so "we have great guidance on that."

He said he expects to meet with the schools' attorney and the underwriter by phone, and the district will need to get a bond rating. The debt retirement fund will be with Chase Bank, he said.

In other matters, the board adopted its 2009-2012 technology plan, approved the hiring of coaches (both faculty and nonfaculty), hired Amber Sergeant (a 2006 Saginaw Valley State University graduate) to teach eighth and ninth grade physical science, and approved special education and technology service agreements with COOR Intermediate School District.

Custodian Russ Post submitted his request for retirement, effective July 31.

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