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Ply. Multischool Building Corp. Considers $4.1 Bond

October 15, 2010
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10/18/10 A meeting of the Board of Directors of the Plymouth Multischool Building Corporation was held on October14 just prior to the regularly scheduled school board meeting.

Plymouth Schools Maintenance Director Dave Schoof has presented a number of projects primarily concerning infrastructure, roofing, and HVAC equipment to the board over the last several months.

At this point, the funding for completion of the projects that would normally be taken out of the Capital Projects Fund is being considered under a Qualified School Construction Bond (QSCB) in the proposed amount of $4,175,000. The Plymouth School Corporation would put an additional $30,000 into the projects. A QSCB is backed by a federal guarantee. Fifty signatures from patrons in approval of the project must be compiled before proceeding

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