The Glen Lake Board of Education reviewed bond underwriting options, received an update on construction plans, and considered an athletic trainer stipend at its regular meeting on Monday.
The Laker community recently passed an $8.175 million bond proposal. The maximum 20-year bond term includes a 0.48 millage increase, set to last until 2043.
The school board is considering three methods for selling school bonds: competitive sale, negotiated sale, and direct or private placement.
Board members anticipate a swift sale of the bonds, though they are awaiting market conditions before proceeding.
In July, Glen Lake announced plans for an $8.1 million bond proposal after a $35 million proposal failed in the spring.
With the bond’s approval, Glen Lake can now begin improvements to address aging mechanical systems, enhance indoor air quality, and create better learning environments.
This bond supports the district’s 10-year, $20 million capital spending plan, continuing efforts that have been underway for the past five years.
Infrastructure projects will be conducted over the next two to three summers to replace boilers, unit ventilators, and more.
The board also discussed a stipend for the athletic trainer who supports the school’s sports programs.
Glen Lake partners with Munson Health to provide an athletic trainer for the school. The Lakers plan to allocate $5,000 per school year for the trainer, who will collaborate with the school nurses, health and wellness team, and teaching staff to support health and wellness initiatives within the school and community. This role extends beyond the trainer’s regular athletic duties.
