19-20 March Newsletter

Recommendations

Info

Dear Parents and Community Members,On February 5, 2020 the first series of the Bonds were sold. When the Bond application wasoriginally submitted to Treasury for review/approval last June, the True Interest Cost (TIC) wasestimated to be 2.85%. The actual pricing of the TIC was 2.55%. This is a TIC positive variance of0.30%, or $1,863,722 interest savings to the tax payers over the life of the bonds.Even more exciting, one of the many reasons why the Board of Education chose Raymond Jamesas the underwriters for the bonds is because local investors would have the opportunity to purchaseRichmond school bonds. While the majority of the bonds were purchased by the corporatesector, $750,000 in bonds were purchased by local investors in the tri-county area, with$500,000 purchased in Macomb County alone.On February 24, 2020 the Board of Education approved three contracts for the athletic field renovations,which will begin the week after Memorial Day. $812,890 was awarded to MidwestLandscaping Group, Inc. for the field prep and turf installations, $34,760 was awarded to ChainLink Fence and Gates for fencing replacement, and $17,668 was awarded to Wade’s ElectricalContracting, Inc. for electrical work.The District is in the final phase of the Design and Development stage of the additions and renovationsthat will take place at Will L. Lee Elementary School. The additions are scheduled tobegin this fall, with a majority of the interior renovations to occur during the summer of 2021.Below you will find renderings of the elementary additions.The Design and Development stage for the middle school and high school renovations and additionswill begin at the end of the month. For more information regarding the Bond Update,please visit the District website at www.richmond.k12.mi.us.Sincerely,Brian J. Walmsley, Ed.S.Superintendent
Contact UsDon't forget to stop by the Devil Depot. There'salways grab and go spirit wear. Show your BlueDevil Pride through wearing a t-shirt or hoodedsweatshirt. Short sleeve t-shirts $10, long sleeve t-shirts $12 and hooded sweatshirts $20. Additionalcost for XXL and XXXL.In addition we have Richmond Decals for your car,locker, and binders for the low cost of $2 and $3.Give us a call for moreinformation about ourschool.RMS35250 DivisionRichmond, MI. 48062(586) 727-7552Visit us on the web atwww.richmond.k12.mi.usSpirit wear and decals will be available during ParentTeacher Conferences outside of room 211 atthe Middle School.
Page 1 and 2: RMS NEWSBlue Devils March 2020From
Page 3: Club News Continued...Spanish Club:
Page 6 and 7: Fourth GradeMarch is Reading Month

19-20 March Newsletter

Create successful ePaper yourself

Delete template?

Save as template?