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.
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Just thought you may like to know about an event that was started by one of your graduates from the Class of 1983. Theresa Ann May is an alumni from Delano High. I hope you will spread the word about our First Annual International Peace Day in the Park which will be held on September 21, 2008 at Lake Elmo Park Reserve Lot's of family fun! For more information check out www.heavenonearthhealing.com and go to the Peace Day page
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