Journal-Times (Grayson, KY)

Local News

February 20, 2013

School board adjusts boundaries, refinances bonds

Feb. 20, 2013 — The Carter County Board of Education met Monday night to consider new boundaries for Tygart Creek and Carter City elementary schools.

The board voted unanimously to adopt specific boundaries that will determine which students will attend the new Tygart Creek Elementary.

Attending Tygart Creek will be west end students residing to the south of and along KY 59 to approximately 1.5 miles west on I-64, west of and along KY 2078 and Perry Tabernacle Road, west of the bridge located on US 60 on the west end of Olive Hill, and west of and along KY 174 and KY 1620.

According to Supt. Ronnie Dotson, these boundaries mean that approximately 150 students currently enrolled at Olive Hill Elementary would attend Tygart Creek under the new plan.

Dotson, however, stressed that these are still open schools and parents will be able to determine which school their children attend.

“I don't want to see a situation where a fourth grader who's always gone to Olive Hill Elementary would be forced to finish at a different school. I just don't think that would be fair to the kids,” he said.

The board decided to make no changes to previously adopted boundaries for Carter City Elementary School.

Both new schools are scheduled to open this fall.

In other business, the board unanimously approved a bond refinance proposal from Ross, Sinclaire and Associates that could save the school system nearly $200,000 over the next 13 years.

Under the plan, the construction bonds would be refinanced at an interest rate of approximately 2.05 percent, which is a little more than half the current dividend rate of 4.05 percent.

The school system would stand to save approximately $15,000 per year under the refinance plan.

Joe Lewis can be reached at jlewis@journal-times.com or by telephone at 286-4201.

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