The Daily Item, Sunbury, PA

Warrior Run Region

March 25, 2014

Warrior Run mulls $80G in savings through bond refinancing

— TURBOTVILE — The Warrior Run School District could save more than $80,000 by refinancing its bonds, something the school board is considering after a presentation at its meeting Monday night.

The district has about $3.5 million in debts that are set to be paid off in 2020, and by refinancing them at a lower interest rate, the district could save $82,000, Superintendent John Kurelja said. Even if refinanced, the debt will not be extended.

The board took no action on the matter Monday night, he said.

“It was just a presentation to consider it,” he said.

The board hopes to announce its selection of an architect to conduct a feasibility study for the district at its April meeting, Kurelja said.

Three firms made presentations earlier this month to the school board, district officials and members of the public. School directors said the feasibility study will “help us develop options for the future, review our current facilities and assign costs for each of the options,” according to a handout distributed during the meeting.

Once a firm is selected, work will begin immediately, Kurelja said.

“There’s a lot of data collection and research, and we hope they would start that work as soon as they get hired,” he said.

The three firms vying for the chance to work with the district are MM Architects, of Lancaster, Hayes Large, of Altoona, and the Architectural Studio, of Allentown.

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