$10M Borrowing Next Step In Renovation Project For Pottstown Schools

Location of Pottstown in Montgomery County

Location of Pottstown in Montgomery County (Photo credit: Wikipedia)

POTTSTOWN, PA — With the remaining construction now underway at three elementary schools, the Pottstown School Board is expected to vote at Monday night’s meeting to borrow another $10 million to pay for the project.

The board is expected to authorize the preparation of the bond documents at Monday’s meeting and the auction will occur on Oct. 21, said board member Dennis Wausnock, chairman of the school board’s finance committee.

Work on Franklin, Lincoln and Rupert elementary schools began in May and continues with students back in Lincoln and Franklin and the population of Rupert being taught in the vacant Edgewood Elementary building, which was officially closed in June.

Barth Elementary School, which was officially re-dedicated in a ceremony Saturday, was the first school to be renovated although, unlike the other three, it was not expanded.

Read more: http://www.pottsmerc.com/social-affairs/20130921/10m-borrowing-next-step-in-renovation-project-for-pottstown-schools

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