Editor's Note: This story has been updated to correct the name of the financial advisors the corporation uses.
LINDEN — North Montgomery School Board members received good financial news Monday. The school corporation will be saving $3 million in interest payments on its $35 million bond.
The bond will mature in 2039 and was originally financed at 5%. The new rate is 3.25%.
Superintendent Dr. Collen Moran credited the corporation’s financial advisor firm, Stifel, Ice Miller and Policy Analytics, for directing the process of refinancing existing bonds that originated in 2018.
“This was all about timing,” Moran said. “We have to thank them for getting this done at a time when interest rates were lower.”
The board approved 2026 asphalt work which includes the drive from the corporation office building and north to the middle school. Plans also call for repairing the sidewalks along the drive and inside the soccer complex. A new sidewalk will be added that will run from the soccer field concession stand to the bleachers. The amount of the contract is $106,553.
New soccer field scoreboards have been installed.
A report on the high school gymnasium was presented. The gym floor is being removed. The walls are to be painted as well as the bleachers. Contractors have said the gym project will be completed well before the May graduation ceremony. The renovation is being financed by funds already on hand in the Rainy Day Fund.
The board also approved the purchase of a new dishwasher at the middle school in the amount of $47,402.
The approval of Tom Lutz and Josh Thompson as assistant athletic directors was approved.
Victoria McKarksi was approved as the 2026-27 welding instructor as was the resignation of middle school math teacher Lisa Kidd effective April 3.
The board also accepted the resignation of long-time corporation administrative assistant Jean Mull effective June 28.
Sugar Creek Elementary fifth-grader Graham Emmert was the honorary board member and the school spotlight was Sugar Creek.
The board also approved:
• The high school textbook for Language Arts.
• The upcoming summer swim program.
• Boston Addler as Sommer Elementary custodian.
• Stacia Scaggs as food service at the high school.
• Sarah Kessinger as bus monitor.
• Gage Taylor as grounds/student help.
• Grace Marsh for a temporary middle school math teacher from April 13 to May 26.
