District to raise $3 million


For annual payment on Sims, JEMS bonds

By Charles Warner - cwarner@civitasmedia.com



UNION COUNTY — As it has each year for the past decade and will continue to do so for the next 15 years, the Union County School District will issue $3 million in bonds to make this year’s bond payment on Jonesville Elementary/Middle School and Sims Middle School.

The Union County Board of School Trustees voted unanimously Monday to approve a recommendation by District Finance Director Lynn Lawson that the district be authorized to issue the bonds and make this year’s bond payment.

Lawson said that the district, through a facilities corporation it formed with the SC Association of Governing Organizations, issued $44 million in general obligation bonds in 2006 to pay for the construction of Sims Middle School and Jonesville Elementary/Middle School. He said that in forming the corporation with the SCAGO — which he said was at the time a common practice among governing bodies, especially school districts, in South Carolina — the district was able to get a lower interest rate and better purchasing power.

With the formation of the facilities corporation to raise the $44 million needed to build the new schools, Lawson said the district’s responsibility has been to raise the funds the corporation uses to pay the bondholders who purchased the bonds issued for the construction of the schools. He said this means that each year the district issues $3 million in general obligation bonds with the revenue from that issue going to the corporation which in turn pays the bondholders.

Lawson said the original bond issue was for 25 years meaning the bonds issued for the construction of the schools are scheduled to be paid off in 2032. He said the district, which has been issuing $3 million in bonds a year for the past 10 years to pay off the original issue, has another 15 years left to pay off the original issue and is on track to do so as scheduled.

Personnel

In other business, the board voted unanimously to approve the Personnel Report presented by Director of Personnel Jeff Stribble. The report recommended the following persons be assigned to the following positions at the following schools:

• Cathy Poole — Media Specialist at Monarch Elementary School.

• Kalan Rogers — Physical Education Teacher and Coach at Union County High School.

• David McIntyre — Math Teacher at Union County High School.

• Latrisha Tucker — Teacher at Monarch Elementary School.

• Shelby Alexander — Special Education Assistant at Foster Park Elementary School.

• Lizzie Jeter — Special Education Assistant at Foster Park Elementary School.

Field Trip

The board also voted unanimously to approve a request from UCHS Drama Teacher Ralph Lawson that he be allowed to take his GT Drama Class to California during Spring Break the week of April 1-6, 2017.

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For annual payment on Sims, JEMS bonds

By Charles Warner

cwarner@civitasmedia.com

Charles Warner can be reached at 864-762-4090.

Charles Warner can be reached at 864-762-4090.

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