MONROE — The Monroe Schools Board of Education has approved a deal to spend nearly $1 million to buy property to prepare for state-mandated all day kindergarten in 2010.
The board unanimously approved a resolution during its final meeting of the school year Monday night, Dec. 14, to buy property at 500 Yankee Road — down the road from the district’s Yankee Road campus — from Berns Development for $912,500 to provide space for central office personnel.
The district is planning to relocate its central office staff from modular units behind the Primary School on Macready Avenue to the 6,675 square-foot Berns building to make space for more kindergarten classes. The site also includes 8,000-square-feet for a bus garage for the district and space to address growth, said Superintendent Elizabeth Lolli.
The board also approved a resolution to borrow a total of $980,000 from the district to purchase the property, which includes additional funding for financing and closing costs, bond fees, moving into the building, installing carpeting and remodeling the facility.
The district plans to sell bonds and repay the district by as early as the second week of January, said Treasurer Kelley Thorpe.
She said the district decided to use its own money — cash the district is sitting on and does not need at this time — to purchase the property to expedite the closing of the property prior to Dec. 31 to only have to pay a few days of taxes this year compared having to pay a full year or about $30,000 in taxes in 2010.
“So that right there — a savings of $30,000 — is big push for us to close by the end of the year,” she said.
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9:22 AM, 12/15/2009
8:00 AM, 12/15/2009
The reason the vote was unanimous was because it was the cheapest option available. This was cheaper than renting or new construction.
7:10 AM, 12/15/2009
6:12 AM, 12/15/2009
The hurried child syndrome.
6:00 AM, 12/15/2009