The Sumner School District board of directors approved resolutions allowing the sale of $40,961,211 worth of tax-exempt bonds and the sale of school construction bonds totaling $17,445,000 at the regular meeting Dec. 16.
This is the last sale of the voter-approved $114 million capital projects bond issue stemming from May 2007.
A new building to replace Lakeridge Middle School, modernization projects at Bonney Lake, Maple Lawn and Victor Falls elementary schools, and other improvement projects at Sumner High School and Sumner Middle School are included in the package.
Modernization entails upgrading buildings to meet electrical, plumbing and other requirements and to improve facilities to meet fire and safety codes.
The bond will also purchase building sites as the District plans for future schools.
