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HAMLER â During its recent meeting, the Patrick Henry Local Board of Education handled a handful of legislative items, while also discussing phase III of the districtâs renovation projects.
To make recent and future updates possible, the Patrick Henry Local School District has developed a funding mechanism for renovations.
The district leveraged 75% of tax payments over the next 30 years to complete a certificate of participation lending program to fund the renovations. To do this, the district borrowed $17 million, and last summer the district signed a contract for $15.9 million for high school renovations.
Now, many of those renovations are completed and the district is examining other capital project needs that can be paid for by the 2019 COPs money.