COLDWATER, MI (WTVB) – The Coldwater Community School District Board of the Education approved a request from the district during a special meeting on Monday night to submit an application to the State Department of Treasury for the preliminary qualification of bonds.
The action is part of the process that would eventually lead to a $53 million bond proposal that will be brought before district voters on the May ballot.
Superintendent Terry Ann Whelan said Monday night once again there would be no millage increase in this proposal.
She said they would split up the selling of the bonds since the high school work would be in two phases.
Whelan says the first bond sale would be for $28 million with the second sale two years later for $25 million.
If approved, the bonds would be used to fund an expansion and remodeling improvements at Coldwater High School. Videos posted by the district last fall showed parts of the original portion of the school, which was built in the 1950s, are starting to show its age.
After supporting a new Branch County Jail, a new fourth and fifth grade elementary school and the Enhanced 911 Communications project in recent years, fed up taxpayers in the Coldwater School district said enough already and defeated the school district’s $50 million bonding proposal in November 1,929 to 1,686. It was only approved in the City of Coldwater’s first and third wards. All of the townships that feed into the school district said no.
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