The next procedural step in the North Judson-San Pierre High School’s bond refinancing will take place during tonight’s Starke County Council meeting. The board is taking advantage of $1.43 million in available bond capacity to pay in arrears $600,000 worth of utility bills from the past couple of years that were paid out of the general fund. The rest of the money will be used to upgrade the lighting system in the middle and high schools and rework the HVAC control systems in both buildings. Those measures are expected to save money in the long run.
An additional appropriation is required to spend the money since it is not part of the existing budget. It has to be approved by the county council since N.J.-S.P. has an appointed school board.
The corporation’s bond counsel anticipates the bond sale will take place toward the end of the month, depending on market conditions.