New Castle News

March 19, 2012

Laurel board to refinance bond issue

By Staff
New Castle News

NEW CASTLE — The Laurel School Board has approved the refinancing of a 2007 bond issue.

The refinancing, which is not to exceed $11 million, is projected to save the district $622,000 because of current low interest rates.

Laurel used the bond issue for construction at the junior/senior high school.

The board also:

•Awarded a contract to Gurtner Construction of Pittsburgh for $96,200 to replace windows in the bottom, rear section of the junior/senior high school.

•Approved a leave of absence for April Edwards-Elliott, a secondary teacher, beginning Feb. 29, and followed by a Family Medical Leave for the remainder of the current school year and the entire 2012-13 school year. She intends to return to her position for the 2013-14 school year.

•Approved the 2012-13 Midwestern Intermediate Unit IV general operating budget of $3,876,808.