LISD approves sale of two former campuses - KCBD NewsChannel 11 Lubbock

LISD approves sale of two former campuses


LUBBOCK, TX (KCBD) - Monday, the Lubbock ISD Board of Trustees approved the sale of two former early childhood centers.  Members also authorized $45-million in bonds.

Trustees approved the sale of the former Ballenger Early Childhood Center to the South Plains Community Action Association for $250,111.  They approved the sale of the former Martin Early Childhood Center to Lubbock Regional MHMR Center for $128,359.

No bids were received for the former Stubbs Early Childhood Center, and the bids for former Mahon Early Childhood Center were rejected. The high bid of $34,200 for Mahon was below the fair market price for the property.

In the spring, the Head Start programs were moved from the four early childhood centers to sixteen elementary campuses.  The district says more than 200 additional four-year-old students have been enrolled, since the program moved to the elementary campuses and closer to the families served.

Trustees also canvassed ballots from the November 2 bond election.  The reported a final outcome of  16,537 voting for the proposal and 15, 828 voting against.  That's a difference of 709 votes.

The board approved orders authorizing the issuance of bonds up to $45 million. Within certain parameters, the board gave administration the authority to issue Building America Bonds or tax-exempt bonds or a combination, as is most advantageous to the district. The Building America Bonds are part of a federal program, effective through late December, which can provide some refund of interest to the district, under certain conditions.

Copyright 2010 KCBD. All rights reserved.

Powered by Frankly