Just saw this on tonight's agenda. Apparently, a settlement has been reached for $23 million with the insurance company and they say they'll no longer need to use the $18 million Bond Referendum ($28 million Cost less $9 million in insurance proceeds) that was passed earlier this year. Happy to hear that bit of info.
According to their numbers, that $18 million bond would of cost $31.1 million over 30 years with interest, and less state aid, our portion would of been $24.6 million or 79%.
Of course, you have to wonder where the other $5 million is coming from to cover the $28 million or if they really needed it
Anyhoo, saved from another bloated bond referendum from the Board of Mythomania.