The bond sale has been completed for the $1,785,000 addition/remodeling program at the Henry F. Schricker Library.
Conducted by Ice Miller and Umbaugh and Associates, the bond sale attracted 5 bidders. Librarian Sheila Urwiler explained that the bond sale is only one of the first steps among many.
“The bond sales were complete on Nov. 8, and we’ve got our bond money now, we’re ready to start the next phase which is getting our cost estimates approved by our board and having the construction documents drawn up so we can start the bidding process in probably late January or sometime in February,” said Urwiler.
The bonds were sold to the De Motte State Bank for 3.65% interest. The issue is for 20 years, meaning the payoff will be in 2031, and the money will be put to good use in remodeling the library, Urwiler explained.
“You’ll see a new children’s area that is at what is now the back of the building, closest to the elementary school. The children and the Y/A area will be separate, there will be a little walkway under what is currently the mezzanine, and then those areas will have a little bit of separation which should help with some of the noise from the programs and just from kids running around and they just have a hard time being quiet,” Urwiler said.
Leedy Architectural of Elkhart who did the original work on the library will be the architecture firm doing design work for the project.
According to Urwiler, the groundbreaking ceremony is expected to take place in late March or early April.