Canon McMillan Refinances Bonds

The Canon-McMillan School Board met Thursday for their voting meeting and adopted two measures to save taxpayers money. Directors approved the refinancing of two bonds that were used for various construction projects in the district. One bond was for $7.2 million and the second bond was for $20.5 million. Directors also approved two contracts for construction and upgrades. The first contract was awarded to Phoenix Roofing to repair the roof on South Central Elementary School. The contract is worth $687,200. Funds will come from the capital improvement budget and the Muse Elementary Capital Projects Fund. Secondly, new weight room equipment will be purchased for the high school. All the equipment is to be replaced and the $154,000 cost will come from budgetary reserve. All four measures passed unanimously.