It also includes expanding the West Building cafeteria and converting the West Building library to guidance offices and classrooms. The technology center will include a new library serving the West and Swartz buildings. He provided board members with a report from Moody's describing the A1 rating as based on additional security for the bonds provided by the Commonwealth's Act 150 School District Intercept Program. The act provides for undistributed state subsidy payments to the school district to be diverted to bond holders in case of default. On a related note, school district Finance Director Craig Williams said construction bids for phase 1 projects will be opened on Nov. 16 and bids will be awarded at a special public meeting Nov. 28.
Officials hope to start construction in the spring.
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