North School News

March 8, 2012 7:56 am

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A "Parents in the Middle" program will feature breakouts and discussions on cyber bullying, and issues facing middle-school-age children from 6 to 8:30 p.m. Wednesday in the middle school, 4589 School Drive.

Among the sessions will be Using Technology in the Middle School; Social Network Safety -- Who's Creeping Who?; Victims of Cyber Bullying; Drug and Alcohol Awareness: New Trends and Lingo; Hassle-Free Homework: Practical Tips; My Child is a Hormonal, Disorganized Mess; Rethinking Adolescence: How to Connect With Your Teenager on a Deeper Level; and Anxiety: How Much is Healthy and How Much is Harmful?

Refreshments will be available between sessions, which will last about 40 minutes. Childcare is available.

Mars Area

School board members voted Tuesday night to extend the deadline three months to May 31 for staff to take an early retirement incentive.

The board also accepted the retirements of four teachers with a total of 126 years of experience with the district.

Seneca Valley

The district is looking to save even more money by refinancing some of its old debt.

Late last year, school board members saved about $400,000 in debt payments for the next three years when they refinanced a $10 million debt.

Another dip in interest rates has the district's bond counsel, Robert Aumer, projecting an additional $300,000 savings in bond debt payments over the next 10 years.

Mr. Aumer, of Janney, Montgomery and Scott LLC, told board members Monday that they can refinance three bonds totaling about $5 million that were due to mature in about 10 years. Those loans were taken out in 2002, 2003 and 2004. The maturation date will remain the same, but their payments will go down about $30,000 each year.

He said the district could save an extra $10,000 a year in payments if it pays for closing costs up front rather than bundling those costs into the new loan.

Mr. Aumer said the district is permitted to use money from a 2010 bond issue to pay for the $100,000 closing costs. There is about $1 million available from that bond.

School officials said the money was originally designated for a new $900,000 press box in Nextier Stadium. That project was eliminated last year during school budget talks and no new project has been identified for the funds.

First Published 2012-03-08 06:57:24

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