Archive for: April 2009

By Mary Zielinski
Bids for refinancing district debt and for a new middle school were lower than expectation and will save the Mid-Prairie School District $381,148.
“They are great bids,” said Superintendent Mark Schneider.
Low bidder for refinancing $2,675,00 in General Obligation School Refunding  bonds was D. A. Davidson & Company, Denver, Colorado, with 2.3333273 percent for the period from December 1, 2009 to June 1, 2016.  The move, which is the second time the district has done refinancing, will save Mid-Prairie $173,648 in interest costs. Other bids ranged from 2.3993690 to 3.118880.
When it came to the new roof for the MIddle School, the board accepted the low bid from Advance Builders Corporation, Cedar Rapids, of $302,500 which is $207,500 below the estimated cost of $510,000.  The bid covers both Base Bid A and Alternate Bid B.   Engineer Mitchell Kelchen with Shive-Hattery recommended accepting the bid.