Get AI Briefings, Transcripts & Alerts on Local & National Government Meetings — Forever.
Lockport Twp. HSD 205 plans $16 million in health-and-life-safety bonds for Central Campus
Summary
Superintendent Dr. Bob McBride said the district plans to issue $16,000,000 in health-and-life-safety bonds to complete roofing, exterior masonry and electrical upgrades at Central Campus, and that the financing approach is intended to lower tax impact by spreading costs over time.
Dr. Bob McBride, superintendent of Lockport Township High School District 205, said the district will seek $16,000,000 in health-and-life-safety bonds in the coming weeks to finish essential repairs at Central Campus.
McBride framed the work as life-safety projects that include completing a full roofing project, repairing the brick exterior and tuckpointing where needed, and installing a new electrical system to ensure the building can be safely heated, cooled and secured. "In a few weeks, we are hoping to issue $16,000,000 in bonds that we will use to finish off all of that work at Central," he said.
The superintendent said the district is choosing a health-and-life-safety financing strategy because it reduces the tax impact for homeowners by stretching the cost over a longer period while addressing repairs the district deems essential. He contrasted that financing option with projects that do not qualify as life-safety work, which the district expects to fund from cash reserves.
McBride opened a public hearing to begin the process under the district's 10-year facilities master plan decision-making guide; no formal board action or vote on the bond issuance was recorded in the briefing. The superintendent said the board will likely discuss financing strategy in more detail as work proceeds.
Next steps: the district will post related materials on its public website under Board of Education and proceed with the public hearing process tied to the master plan.
