By Michelle Duregger — Staff Writer
CIMARRON—Cimarron Municipal School District School Board has approved a timetable for selling General Obligation School Building Bonds in the amount of $4 million to finance the construction of Moreno Valley High School’s classrooms addition.
The build-out of MVHS classrooms has begun to accelerate forward with the approval of HB Construction as the Construction Manager At Risk and spending has already begun on the project. Two companies were considered, HB and Nick Ridge construction.
During the Thursday (Jan. 29) Cimarron Municipal School Board meeting, Superintendent Adan Estrada said “Both companies were rather large companies, and are very successful in what they do,” he said. “The selection committee and I looked at their proposal, price and their interview. It was a two month process. HB was ranked number one in the technical proposal, price and interview process.”
The first disbursement of bond monies will start on or around March 24, 2015. The bond sale will allow the district to secure financing of $4 million in building bonds through determining the best and lowest-interest bid from financing companies interested in purchasing the bonds. Between Jan. 29 and Feb. 11, the board will determine potential buyers by comparing interest rates as well as other details of the financing companies bidding to purchase the bonds. Bond notice of sale details will be published as a legal notice by Feb. 19, a week before the sale.
The board also approved acceptance of the Lange Family grants that were awarded the Eagle Nest Elementary and Middle School in the amount of $40,000 to be used by ENEMS for experiential learning trips, staff professional development and a tutoring program. The board will be looking into cooperation between Eagle Nest and Cimarron that will allow Cimarron Elementary and Middle school students to be included in the experiential learning trips funded by the grant.