L’Anse Schools refinance debt

L’ANSE – The L’Anse Area Schools Board of Education voted Tuesday to refinance bonds from their 2000 construction project at a lower rate, saving an estimated $600,000 over the next 12 years, according to Interim Superintendent Susan Tollefson.

Tollefson said the bond will be paid off on the same schedule as previously, and can be used either for small savings for individual taxpayers or to create a “sinking fund” toward future building, site or technology upgrades, with taxes remaining the same.

Tollefson said sinking funds have been used at other districts, and she presented the idea for the board to consider before further discussion in March.

“It might be something we explore,” she said. “The cool thing is the tax levy stays the same – it’s tax neutral.”

The council also agreed to place three district-owned village lots up for sale on bid, on the hill behind the Meadowbrook Arena. Tollefson said the lots had been part of the district athletic property before the new fields were built.

The lots’ terrain doesn’t offer the best building potential, she said, but would likely be attractive to the owners of adjacent properties. The bid deadline has not been finalized, but anyone seeking more information can contact the district office at 524-6000, ext. 1.

During reports, board President Jason Ayres said the superintendent search committee was leaning toward recommending Tollefson for the job on a permanent basis, though they haven’t officially voted on a recommendation.