Sentinel-Echo.com

Local News

February 24, 2014

Construction of Career Readiness Center will cost $19.8 million

An estimated $2.1M less than expected

LAUREL COUNTY, Ky. — The Laurel County Board of Education held a special called board meeting Tuesday to award bids for construction of the Laurel County Career Readiness Center and to hold a District Finance Corporation meeting.

Construction for the readiness center will cost $19.8 million, an estimate that the board was pleased to announce fell $2.1 million under what they expected to pay for the project.

The board accepted the lowest bid on all construction related projects with the exception of elevator installation.  D-C Elevator was awarded the bid at $59,000. The lowest bid, $53,396 by Thyssen Krupp, included a stipulation that elevator installation would have to be complete by September, a goal that Laurel County School District Superintendent Doug Bennett said was unrealistic.

The board also decided on the slightly more expensive solid limestone for the exterior of the building due to it being a long lasting and relatively maintenance-free material.

During the special called Finance Corporation meeting, board members voted to pass to resolutions, one authorizing the issuance of revenue bonds and one authorizing the refunding of revenue bonds.

“The federal government is not paying what they said they would on these bonds,” Bennett said.  “Sequestration will eliminate the government not paying the interest on our bonds and will save us $20,000 per year with a total savings of $304,000 during their lifetime.”

The board’s decision to take legal possession of their assets will not only save the district money, but will also serve as the primary means of funding the readiness center construction project.

The readiness center will have six areas including engineering in which students will have the opportunity to earn college engineering credit before they graduate high school; the same for biomedical science. 

It will also have a health sciences program; industrial maintenance program; power sports/ATV technology program, where students will work with small engine repair; multimedia technology/information technology, where students produce multimedia presentations for public consumption. 

The Career Readiness Center is scheduled to open in fall 2015.

 

rmcdaniel@sentinel-echo.com

1
Text Only
Local News
Facebook
AP Video
Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming UN Security Council Calls for Gaza Cease-fire Traditional African Dishes Teach Healthy Eating 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Poll

Now that school is out, what are your family’s summer vacation plans?

A. No major plans. We will probably hang out around Laurel County.
B. Going to the beach!
C. Kentucky has a lot of wonderful state parks, and we plan to visit a few and enjoy quality family time.
     View Results