Friday, May 22, 2015
C. J. Huff asks for money to cover $10,000 mistake
The good news- At least it isn't another $100,000 for having the wrong color gym seats.
The mistake, according to the document, was made when the district took out loans, about $74 million worth at last count, to finish construction of Joplin High School (and to keep afloat). District officials put up the new JHS/Franklin Technology Building as collateral.
Somehow, they also included the Franklin Tech construction technology home, which means that unless it is removed from the note, the district will be unable to sell the home.
To correct that mistake will cost $10,000, according to the document:
The Board of Education approved a lease-purchase financing that collateralized the unified properties at the JHS/FTC building site. Survey and title work for the unification took place beginning last summer.
The lot parcel for 2425 Grand (FTC construction technology house) was inadvertently included in the unified JHS/FTC lot.
The $10,000 includes paying for the bond counsel, bond trustee, and survey work, according to the document.