The Independent-News, Volume 120, Number 51, Walkerton, St. Joseph County, 4 May 1995 — Page 16

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- THE INDEPENDENT-NEWS - MAY 4, 1995

JOHN GLENN SCHOOL BOARD MINUTES (continued from Page I) Renovation and Addition and John Glenn High School Projects, Subject to Completion of Financing David McKee, superintendent, recommended to the School Board they proceed with the projects for the following reasons (I) The projects can still be accomplished within the terms of the lease agreement ($980,000 annual payment, 20 vear term and 51.03 tax rate) as presented to the taxpayers. (2) The bond market is very good at this time as evidenced by a bond sale last week at 5.8% average interst rate. This is the lowest rate in the last 12 months. (3) Redesign of the projects to bring them in line with the estimated cost would be offset by the additional cost of artchitect's fees, delay in the project ending, potential increased cost of bonds and reduction in the educational program space. As an example, the increase of one-half of one percent in the bond interest rates will increase the project cost by $519."30. The interest saved will easily offset the additional cost in the project. (4) Cost estimates of other alternatives considered at one time will have been impacted by the same factors that have increased the cost of these projects. (5) Failure to go forward with the project as planned will continue to hold the Corportion focused on this single issue. A tremendous amount of the Corporation's resources. both financial and personnel. have been devoted to this program that would be lost if the project were to be terminated. (6) At the direction of the Board, the architect and administration will work with the identified bidders to develop a list of change orders that can reduce ihe cost of the project without compromising the educational program space. The superintendent reported to the Board ~F ORIENT NORTH LIBERTY COMMUNITY CENTER AIR CONDITIONED Renting For All Occssions 300 S. Mam Street Phone 656 4134 l >59 J

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that the remonstrance and appeal to the Property Tax Control Board has cost the school corporation close to STOOD in additional fees for professional services and appealing the State Property Tax Control Board's decision to court will potentially cost the Schoo! Board several thousand dollars in additional professional fees, hundreds of thousands of dollars in interest if the bond rates go up. possible loss of bidders if the project is delaved. and a greater impact on the educational program because construction would start at a later date. Persons appealing the decision to court may be required to post a cash bond to cover the school corporation's losses. Richard Hill, School attorney, presented to the Sch(x>l Board a resolution authorizing the acceptance and assignment of the recommended construction bids and contracts subject to the successful sale and issuance by the Building Corporation of its first mortgage bonds. Following questions by Board members concerning the recommended bidders, financing plan and the proposed resolution, Robert Schaeffer made a motion, seconded by Janice Ryan, to approve the resolution of the Board of School Trustees of the John Glenn School Corporation Regarding the Award of Construction Contracts and Matters Related thereto with modification in exhibit A by deleting the alternate bid for resurfacing parking lot/drive (alternate No. 2) for s''4,ooo. Prior to the vote, each Board member gave their personal reasons for supporting the resolution. Dave Gensinger, although not satisfied with the place where the bids came in. said. “I do feel the project has been in limbo long enough, it's time that we move on with this project and we can do it within the tax as advertised". Rob Keck stated. "1 think everything that has been said this evening indicates that we can leave the project intact and still do it within the limits of the Lease Agreement". Tom McCormick said he agreed with the superintendent and added. "Although I opposed this project, I gave in under the elements and it was time to move. I want to commend everyone involved for staying within the budget with the increased costs." Mr. McCormick felt the budget had been calculated very carefully and went on to state, "I do recommend that we approve the project". Ben Smith also recommended to go ahead with the project and called attention to the countless hours of work put in on the project by Dave McKee, superintendent. "If we were to scrap part of the project or not to do it all." Mr. Smith cautioned, "We

would have money lost. I don’t want to back up on it. Go ahead". Janice Ryan responded. "I guess I feel that we need to consider the quality that we arc receiving from our bids and 1 think the additional amount is going to be worth the quality that we will receive". Shirley Anderson said she agreed with Mrs. Ryan and added. "1 think this has dragged on long enough and it's time that we move forward so we can get on with other projects. It’s going to be a good thing for our students and once this is completed. I can't help hut feel that everyone would think that we did the right thing. Robert Schaeffer agreed, saying, "I also support the project. I appreciate Dave’s work, too. I know it's a good project and I support it 100%." Mr. Gensinger added. "I also don't believe we can get it done any cheaper. I think we agree that we have reviewed all the avenues. Some of the costs that we are seeing here arc due to inflation over the last three to four years. Backing up. redesigning, going on another year is only going to add cost to the project. Regardless of what we might say. cutting out quality things to cheapen the project would be a mistake." The motin was approved by a seven to zero vote. A copy of the resolution is on file with the Board minutes. NEXT MEETING DATE Ihe Board of School Trustees will meet in regular session at 7:30 p.m. on May 2. 1995 at John Glenn High School. ADJOURNMENT The meeting adjourned at 8:40 p.m. CRAFTERS NEEDED FOR WALKERTON 4TH OF JULY CELEBRATION I he Friends of the Fourth committee arc looking for crafters to set up craft booths on the lawn of the John Glenn High School during the 4th of July festivities. A space will be provided measuring 10' x 10’ at the corner of John Glenn Drive and Georgia Street foi $25.00. Ihe hours will he 1:00 p.m to after the fireworks. For more details and an application call 586-9622.

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KATHRYN JACOB RECEIVES HONORS AT BUTLER UNIV. Kathryn Jacob, daughter* of Glenn and Lori Jacob, 501 Van Buren Street, Walkerton, received the Edward and Maxine Gee Scholarship at the 1995 Honor Day Program on April Ist at the Butler University College of Pharmacy. The Gee Scholarship recognizes the dedication of students and pharmacists to their profession and the public health. It is awarded to a fourth or fifth-year pharmacy major. Kathryn in a Doctor of Pharmacy candidate completing her fifth year at Butler. On Saturday, April 22nd, Kathryn was named the Outstanding Pharmacy major at Butler by the Indiana Society of Hospital Pharmacists. She was presented a certificate and scholarship at the closing luncheon of the Society’s Spring meeting. Kathryn will begin clinical rotations for Doctor of Pharmacy on Monday, May Bth, at Parkview Hospital in Fort Wayne. Clinical rotations include

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ten one-month individual studies t hospitals in Indianapolis and Bu: falo, New York, as well as Foj Wayne. AREA STUDENTS NAMED TO DEAN’S LIST AT VALPARAISO UNIVERSIT Gwendolyn Melissa Davey, Walkerton: and Alisa Rocht Whitmer, of North Liberty, ha been named to the Dean's List Valparaiso University for the I i" Semester 1994. Valparaiso University is a i ; tionallv recognized institution higher education, serving appr< match 3.500 students annua I through its Colleges of Arts a j Sneiu.cs. Business Administrate Engineering. and Nursing. Chi (honors) College. Sv hool of I. , and Graduate and evening Div I i< UIS. m There is no sunshine at t I South Pole for 182 days ev v 1 year. At the North Pole, the sa applies for 176 days. A tr