The Grove Board of Education set a time and a date to sell the first part of the bonds that voters approved in last month’s election.
Superintendent Tom Steen said the bondsmen had recommended selling the bond in two parts in order to get a better interest rate.
That sale will take place on December 9th, 2009 at 12:00 p.m. in the Mid-school library and will include a $5,155,000 General Obligation Building Bond and a $225,000 General Obligation Transportation Equipment Bond.
The full amount of the building fund is $9.6 million, and the remaining amount will be sold at a later date.
Preliminary construction work has begun at the school, but a firm date for groundbreaking has yet to be determined.
In other business, the board voted to approve a resolution to hold a county election to fill the fifth position on the board for a five-year term. The seat is currently occupied by Dr. James Gray.
School principals, during their reports, praised the work of Grove PTO and their volunteer efforts to help out at the Mid-School and lower elementary.