According to the story, the entire project will be financed by a private national lending house on Wall Street and taxpayers will not see an increase from the project.
Upgrades to heating, ventilation and air conditioning (HVAC) systems, including dehumidification improvements, will be performed this summer at
Banfield Elementary School, Ellis Middle School, Southgate Elementary School, the Woodson Kindergarten Center, Neveln Elementary School and Sumner Elementary School, the story stated.
Director of the
'' Finance and Operations Mark Stotts said: "Indoor air quality is kind of the new buzz word when it comes to facilities. And it is important, you know, as kids and staff have allergies and those types of things." Austin Public Schools
have 16 years to pay back the bond with an interest rate between 1 and 1½ percent, the story noted. Austin Public Schools
The Austin Public Schools School Board will begin accepting bids from contractors in the next few weeks — with the project going to the lowest bidder — and will finalize the bid January 11, 2010, the story added.
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