LAKE TWP. During the regular meeting on Feb. 24, the Lake Local Schools Board of Education approved refinancing two series of School Facility Improvement bonds.
The district will be refinancing Series A, in the principal amount of $8.1 million of the districts’ outstanding School Facilities Improvement Bonds. Series B is in the amount of $31.4 million of the districts’ outstanding School Facilities Improvement Bonds.
The current interest rate is 2.5 to 5 percent. The projected rate after refinancing is 2 to 2.5 percent.
“The lower rate for both series of bonds would result in a savings of over $2 million over the life of the bonds,” said Superintendent Kevin Tobin.
• Held the monthly Hartville Lion’s Club, Uniontown Lion’s Club and the Lake Board of Education recognition program. The following students and staff were recognized: Annie Scheck and Camden Arthurs, 3rd grade; Laney Butler and Jackson Garrett, 5th grade; Ella Moore and Conner Hockenberry, 8th grade; Angela Fisher and Aaron Phillips, 12th grade. Also, recognized was Laurie Conway, teacher of the month; Jodie Varner, employee of the month; and Angela Lampe, volunteer of the month.
• Accepted a donation of $300 from the Zachary Doherty Memorial Scholarship for the Lake Middle High School GenYes program.
UP NEXT: Meets 7:30 p.m. on March 16 at Lake Elementary School.