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Showing posts with the label capital eligible funds

Things That Make You Go, Hmmm

There is an Audit and Finance Committee meeting today at 4:30 p.m.  Wish I could attend but I have an event.  Here's the agenda which has some interesting items: - adoption of the 2014-2015 budget book .  This might be interesting since the pick of MIF for K-5 Math adoption.  Of course, until a contract is executed, no one truly knows how much MIF will cost the district.  They had, according to their presentation at the last Board meeting, been willing to spend about $3.6M on enVision.  MIF is more expensive but, as has been pointed out, many of the items that staff pointed to as costs can be mitigated one way or another. - a loan from the Capital Eligible Program (CEP) to pay for the renovations at TT Minor for the Seattle World School .  They don't give a figure for this loan.  - one of my perennial favors is on the agenda - JSCEE Bonds annual update .  It's amazing how that building is the gift that keeps on taking from this distri...

Update to Lake City Property Issue

Via Director Peaslee, new info from Ron English, legal counsel for the district about the Lake City property (and thank you to Mr. English for this detailed explanation). It's quite long and detailed and I am printing it in its entirety.   I still have my three main issues with this idea: - should the district be in the property management business at all?   It is not a core purpose of the district. - Mr. English's statement says that the district's real estate adviser says:" annual returns over a 20 year period of at least $400,000 can be expected and that the negotiated agreement represents a fair result to the District. "   However, there is no guarantee for the amount the district could earn and we have all seen what effect downturns in the economy can have on deflation of real estate.  My advice would be that if the district goes down this road to make NO plans around this money.  Meaning,"oh, we have $400k from this so we can pay for Progra...

Seattle Schools for the week of April 2-5, 2012

Tuesday, April 3 BEX IV Community Meeting - at Eckstein from 6:30-8:00 p.m.