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Baldwin-Whitehall board reviews $9.995 million step for McAnulty renovation, could authorize parameters in November
Summary
The board heard a financing presentation for a $9.995 million borrowing step toward McAnulty Elementary’s renovation, with a parameters resolution (sized up to about $12 million for flexibility) possible Nov. 5 and sale as soon as market timing allows; the project scope includes envelope work, asbestos abatement and interior reconfigurations.
The Baldwin-Whitehall School District on Wednesday heard detailed financing options to support a planned renovation of McAnulty Elementary that administrators estimate will cost between $12 million and $14 million.
Superintendent Dr. Randall Lutz opened the discussion by telling the board the project budget estimates are in the mid‑tens of millions and that the district will need to consider how much local fund balance to use for potential cost overruns. "We do believe that the borrowing is going to have to occur either over 2 separate borrowings," Lutz said during introductory remarks, adding the rough construction estimate of "12 and $14,000,000."
Jamie Doyle, the district's independent financial advisor, presented a…
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