Mt. Vernon Register-News

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December 10, 2013

Bid opening set for Thursday

(Continued)

Building Committee members Monday also discussed options for acquiring more revenue for the new school, in case the project cost comes in higher than anticipated.

Smith handed out paperwork to the committee outlining some of these alternatives. The selling of bonds and refinancing options were among the topics covered.

“We’re trying to plan for the worst-case scenario and we hope it’s the best-case scenario,” Smith said. “What I distributed to the board this evening was just some ideas and some thoughts about if we needed additional financing, what some options were for them to take a look at.”

The committee did not make any decisions Monday related to these options.

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