On June 9 the school board sold the bonds for the land purchase that were authorized in the April election at an interest rate of 3.9%. We should have the proceeds of the sale by about July 10. We will begin closing on the three parcels right after that.

The board is discussing how to manage the structures on the properties. The options are: 1) sell them to be moved from the site; 2) rent them out; or 3) rent the Lundeen property and sell the structures to be moved from the Althoff property.

We could relieve the parking problems around the campus if we could put in a gravel parking lot on the site located so it would accommodate the future building. The architect's estimate for gravel and grading is somewhere between $20K and $100K, which is currently out of reach unless we would have a successful sale of the properties.