SLIPPERY ROCK TWP — Slippery Rock Area School Board will finance a bond ranging between $6.5 and $7 million next month to continue funding the district’s ongoing renovation projects within the high school and middle school.

At the Monday, March 10, meeting, Paul Cessar, the district’s finance manager, said this will be the third time the district has borrowed money toward the projects.

“We previously borrowed $20 million, currently (for the coming bond) we’re trying to determine (the total), it’ll be between $6.5 and $7 million,” Cessar said.

Anthony Ditka, a bond counsel with Dinsmore and Shohl, addressed the board to explain that, even with the third bond, the total cost of the project will stay within the $27 million budget set by the board.

With this bond, renovations to both the middle school and high school HVAC systems will commence along with additions to the administration office, a new music room and a secured entrance to the high school through the administrative area.

At the school board’s Aug. 26, 2024, meeting, it was reported the first two bonds were financed at $10 million each to allow for tax and refinancing advantages afforded when borrowing $10 million or less.