The Hamilton Elementary School expansion project is on track to be completed by the 2015-16 school year, Moline-Coal Valley School District Superintendent David Moyer said Tuesday.
At Monday night's school board meeting, a plan was approved to issue up to $9.8 million in bonds for the project. The rest of the funding for the expansion will come from working cash, Moyer said.
Chief Financial Officer Dave McDermott said the bonds will be paid off in seven years.
McDermott said he does not expect the new bonds to have an impact on the district's property tax levy.
The district hopes to begin construction in May on the school located at 700 32nd Ave., Moline. Expansion plans will provide space for 600 students, according to district officials.
In May, the school board voted to close Ericsson and Garfield elementary schools and expand Hamilton as part of its operational plan.
Moyer has said the plan will help balance class sizes and eliminate split classes, create higher levels of teacher collaboration and provide better support services.
Closing the two schools also will save the district about $350,000 annually in operating costs, Moyer has said.
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The district wants to sell Garfield and turn Ericsson, located in the mostly Hispanic Floriciente neighborhood, into a community center.
The district, in conjunction with the city of Moline, has posted a survey on its website, molineschools.org, seeking public input on what should be done with Ericsson school in the 2015-16 school year.
Surveys also are available at Ericsson and Lincoln-Irving Elementary School, St. Mary’s Parish, Moline COPS and the district office. Surveys are due by Nov. 12 and are available in English and Spanish.
Various committees composed of district staff, community members, local officials and architects and construction managers have formed to provide feedback at all levels of the process.
The district also provides live links to agendas and minutes of the committees on its website.