STURGIS – The Sturgis Board of Education took a step to help save the District some money.
During their meeting on Monday, the Board voted to enter into a $5.78 million loan through Southern Michigan Bank & Trust to refund the School Loan Revolving fund. This is for debt associated with the November 2000 voter approved bond.
Director Of Finance Ray Sterling shared with the Board that four bids were received, and the recommendation to go with Southern Michigan Bank & Trust was because they offered the lowest interest rate. Sterling says it is estimated the School District will save $486,409 in interest payments, which will favorably impact the millage rate during the 2028-29 school year.
In other business, the Board of Education approved the purchase of a 2020 Ford Transit 10 passenger van through the MiDeal bid program. The van will cost $29,510 and is part of the District's transition from SUV's to vans as part of the 10 Year Capital Improvement Plan.
The vans will supplement the District's bus fleet and will transport students to academic, fine arts, and athletic events.
(01-25-2020) Girls go missing in Goshen
(01-24-2020) Man dies after ice fishing at Snow Lake
(01-24-2020) Threat made at PHHS leads to student suspension
(01-24-2020) Police arrest three following complaint of battery
(01-24-2020) Michigan jobless rate down in December
(01-24-2020) Indiana jobless for December at 3.2%
(01-24-2020) LaGrange Co. government getting technology refresh
(01-24-2020) SJC Treasurer Judy Ratering to retire after current term
(01-23-2020) Parkview announces changes for Parkview Warsaw
(01-23-2020) Butler message therapist charged with rape
(01-23-2020) Cell phone ban clears House committee
(01-23-2020) Police arrest man caught trespassing on Stroh property
(01-23-2020) Dometic to close Lagrange plant by the end of March
(01-22-2020) LaGrange Co. Commissioners merge GIS and IT departments
(01-22-2020) Two Michigan men arrested in Toll Road drug bust
(01-22-2020) FSB offers parking lot behind post office to town
(01-22-2020) Lillywhite sworn in as interim sheriff
(01-22-2020) Missing St. Joe County teen returned home
(01-21-2020) Six arrested on drug related charges