Sentinel-Echo.com

Homepage

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
Farming

Trent Prewitt spends part of his time studying at Eastern Kentucky University and the rest of his time tending to his herd of 35 cattle on East Ky. 80.

Local Sports
little.jpg

North Laurel’s Gracie Jervis is shown in action during the state tournament final. Jervis and the North Laurel Little League girls are playing in the Central Region Tournament in Indianapolis. North Laurel dropped its first three games of the tournament.

Opinion
Features
Galleries
Crime
Community Events
Must Read
Facebook
AP Video
Robot Parking Valet Creates Stress-free Travel Raw: MH17 Bodies Arrive in Netherlands Raw: Fight Breaks Out in Ukraine Parliament Disabled Veterans Memorial Nearing Completion Last Mass Lynching in U.S. Remains Unsolved Home-sharing Programs Help Seniors Ex-NYC Mayor: US Should Allow Flights to Israel Clinton: "AIDS-Free Generation Within Our Reach" Judge Ponders Overturning Colo. Gay Marriage Ban Airlines Halt Travel to Israel Amid Violence VA Nominee McDonald Goes Before Congress US Official: Most Migrant Children to Be Removed Police Probing Brooklyn Bridge Flag Switch CDC Head Concerned About a Post-antibiotic Era Courts Conflicted Over Healthcare Law Raw: Truck, Train Crash Leads to Fireball
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