By law, Sinking Fund revenue cannot be used for wages, routine - TopicsExpress



          

By law, Sinking Fund revenue cannot be used for wages, routine maintenance, or other operating expenses. Permissible projects include large scale infrastructure projects such as parking lot improvements and roof replacement. The first year of the Sinking Fund includes addressing the condition of the front parking lot at the junior high. The asphalt has deteriorated to the point that further patching/filling of the many potholes is rather fruitless. The uneven/loose surface is a major hazard to pedestrians trying to negotiate their way across it, especially once winter weather further complicates passage with ice and snow. The top picture in the BJHS photo group shown here shows the just the part from the handicapped parking to the front door. The bottom picture is from the south end of the parking lot looking north towards the public library. In year five, Douglas Roads parking lot would be replaced. The asphalt in the parking lot has worn away to the point that the drain is now the high point in the parking lot. Rain and snow melt create a gigantic puddle in front of the school and make for slippery conditions when below freezing and soggy feet for children getting on and off buses. A stop-gap solution to help prevent the issue with the water pooling in the parking lot is an application of reprocessed asphalt grindings from road construction projects. This will help buy us some time while waiting for year five funds to make permanent improvements. Asphalt grindings are being applied at both DRE and JRE where this is also an issue. Smith Road Elementary would get a new roof in year four. While Smith Road is not currently being used to educate Bedford students, rental of space to educational programs such as Head Start, Great Start, and Spring Arbor generate revenue for the district which contributes to the General Fund.
Posted on: Fri, 31 Oct 2014 13:23:24 +0000

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