Casey-Westfield Board Approves $4.5 Million Bond Issue with Local Banks

Spread the love

The Casey-Westfield School Board unanimously approved a $4.5 million bond issue for fire prevention, safety improvements, and building renovations during Monday’s meeting, with financing arranged through three local banks at favorable rates.

Kendall King of King’s Financial Consulting reported that First Neighbor Bank, Preferred Bank, and Casey State Bank agreed to participate in the bond issue through direct placement, eliminating many underwriting and administrative fees associated with public bond sales.

“The direct placement with local banks means the District will not pay many of the underwriting and administrative fees associated with a public sale,” King explained. The arrangement also ensures that “local taxpayer money will remain in the local economy.”

The bond package includes up to $4.5 million for altering and reconstructing school buildings and purchasing fire prevention, safety, energy conservation, and security equipment, plus up to $900,000 for refunding existing district bonds.

Due to minimal existing debt, the district structured repayment to maintain or decrease current tax rates for bond and interest payments over the term. The board expressed appreciation to all three local banks for their participation and the economic benefits of keeping funds local.

The board also approved purchasing a critical server replacement for the junior/senior high school at a cost of $19,976 from Quality Networking Solutions. Superintendent Mike Shackelford reported the current 9-year-old server has lost 16GB of memory, runs at 95% capacity, and generates multiple daily error codes.

“It could fail at any time,” Shackelford warned, emphasizing the urgency of the replacement to maintain school technology operations.

Administrative leadership was secured for 2025-2026 with the board approving contracts for all four principal positions: Jim Sullivan as junior/senior high principal, Dalton McFarland as junior/senior high assistant principal, Kacie Rhoads as Monroe Elementary principal, and Audra Taylor as Monroe Elementary assistant principal.

The board also approved rehiring all non-tenured certified staff for the upcoming school year, providing stability and continuity in educational programming.

Student activities continue thriving across grade levels. Monroe Elementary’s Read-A-Thon concluded successfully with students reading 41,272 minutes and raising $5,255 for the library. The Daddy/Daughter Dance attracted 150 girls, while the FFA Tractor Parade proved popular with students.

Academic preparation intensifies with junior high students preparing for state IAR testing March 19-21, while Monroe Elementary will test the week of March 24. The Digital Literacy class is launching a project on investigating digital footprints, connecting technology education to personal responsibility.

Community service initiatives include the high school Student Council hosting a community-wide blood drive April 30, and National Honor Society induction ceremonies scheduled for March 20 at 7:00 p.m.

Infrastructure improvements continue with GRP/Wegman confirming HVAC replacement in Monroe’s 1972 addition over Easter break, funded through the previously approved energy savings contract.

The school calendar received updates with the tentative last day of school projected as Thursday, May 22, followed by Teacher Institute on May 23, assuming no additional snow days.

Leave a Comment





Latest News Stories

Casey Westfield School Board.3

SCHOOL BOARD MEETING BRIEFS

Summer Construction Planned: Major facility improvements begin after Memorial Day, with cafeterias closed June 2-17 for asbestos abatement and Agriculture/Industrial Arts Building without power for electrical upgrades. State Track Qualifiers:...
Casey Westfield School Board.2

Casey-Westfield School Board Reorganizes Leadership, Seats New Member

The Casey-Westfield School Board completed its post-election reorganization Monday evening, maintaining current leadership while welcoming new member Mike Fouty and establishing committee assignments for the coming term. The organizational meeting...
Casey Westfield School Board.3

SCHOOL BOARD BRIEFS

Election Results Certified: The April 1 school board election results were officially certified, with Mike Fouty joining as the new member after receiving 282 votes for a four-year term. Leadership...
Casey Council Meeting.1

Casey Completes $498,279 Housing Rehabilitation Grant Project

The City of Casey successfully completed a nearly half-million dollar housing rehabilitation program that brought nine homes up to code and assisted 19 low-to-moderate income residents, officials announced during a...
City Council Meeting Briefs.Blue

CITY MEETING BRIEFS

Grant Administration Success: The Coles County Regional Planning & Development Commission successfully administered the $498,279 housing rehabilitation grant with 100% of funds reaching qualifying low-to-moderate income households. No Resident Displacement:...
Casey Westfield School Board.3

Casey-Westfield Board Approves $100,000+ in Technology and Facility Upgrades

The Casey-Westfield School Board approved more than $100,000 in technology purchases and facility improvements during Monday's meeting, while also addressing administrative cost limitations and preparing for new board member transitions....
Casey Westfield School Board.1

Casey-Westfield Students Excel in Academics and Community Service

Casey-Westfield students demonstrated exceptional achievement across academic competitions, community service, and educational experiences, according to administrator reports presented during Monday's board meeting. High school students showcased academic excellence through multiple...
Casey Westfield School Board.2

SCHOOL BOARD MEETING BRIEFS

Bond Funds Secured: The Series 2025 HLS Bonds closed April 15 with proceeds deposited at Casey State Bank and fully collateralized, advancing facility improvement projects. Board Transition Pending: New board...
Casey Council Meeting.1

Casey Council Approves Major Equipment Purchase, Awards Tree Removal Contracts

The Casey City Council authorized the purchase of a $191,537.50 hydro-vac truck and awarded contracts totaling more than $40,000 for tree and stump removal projects during Monday's meeting, while also...
Casey Council Meeting.2

Casey Committee Maintains Chicken Ban, Advances Planning Initiatives

Casey city committees addressed livestock regulations and economic development planning during meetings held before Monday's council session, with decisions that will affect both residential regulations and long-term community growth. The...
City Council Meeting Briefs.Purple

CITY MEETING BRIEFS

Pond Project Installation: The valve structure for the park pond project arrived Tuesday with installation work beginning this week, continuing progress on the recreational facility enhancement. Sidewalk Bids Scheduled: Contractor...
Casey Council Meeting.1

Casey Council Approves Union Contract, Issues Historic Founding Day Proclamation

The Casey City Council approved a tentative agreement with the ICOP Union and signed a proclamation commemorating the city's founding during Monday's meeting, while also advancing several business and infrastructure...
Casey Council Meeting.2

Casey Schedules Public Input on Comprehensive Plan Update

Casey residents will have the opportunity to provide input on the city's comprehensive plan update during a public meeting scheduled for April 22nd from 5:00 to 7:00 p.m., Economic Development...
City Council Meeting Briefs.Blue

CITY MEETING BRIEFS

Ordinance Changes Considered: Alderman Richardson reported a citizen inquiry about allowing chickens within city limits, with an ordinance committee meeting planned to discuss potential changes to current regulations. Emergency Sirens...
Casey Westfield School Board.2

Casey-Westfield Board Approves $4.5 Million Bond Issue with Local Banks

The Casey-Westfield School Board unanimously approved a $4.5 million bond issue for fire prevention, safety improvements, and building renovations during Monday's meeting, with financing arranged through three local banks at...