Peru Community Schools wants to borrow nearly $8 million in bonds to pay for a slew of building projects, including safety and technology upgrades, roof repairs and constructing new football and soccer fields.The bonds would pay for projects at all five Peru schools, as well as the administrative center and sports stadium.The money would also pay for half of the construction costs of two new soccer fields and two new football fields on 13 acres donated in January to the district by Russell Bellar, owner of Bellar Construction Management.The land is located in the open floodplain area just north and east of Roxy Lane on the city’s north side.Around $3 million of the loan would go towards roof repairs. Other projects include building a handicap-accessible path at the stadium, installing security cameras at the schools and upgrading technology hardware.Stanley Hall, director of finance and operations, said the bond loan is necessary to pay for the projects because the district anticipates losing over a third of its funding next year for building projects due to state caps on property taxes.“We’re one of those schools that’s taking a big hit from the tax caps,” he said.The Peru School Board earlier this month made an initial vote to consider with the bond loan, but will make the official vote to move forward during its November meeting.If the bonds are approved, property owners will see an increase in taxes. Rates will increase by 5.6 cents next year, and jump another 13.7 cents in 2015. That means a homeowner with a $75,000 house will pay an additional $17.30 in 2015.With interest, the district will pay in total $10.75 million for the bonds, with the last payment scheduled for 2026.If the board approves the bonds, the district would borrow two $2 million bonds in December, and two more $2 million bonds in 2014.Carson Gerber can be reached at 765-854-6739, or at email@example.com.
Bonds would pay for dozens of building projects, new football fields.
- MC Weekly
- Peru's Loe earns medal at state wrestling INDIANAPOLIS — Peru’s Evan Loe took fourth place in the 145-pound class in the IHSAA Wrestling State Finals at Bankers Life Fieldhouse. Loe moved up four spots from taking eighth a year ago in at 138 pounds. In Friday's opening round, Loe had little
- Our current MC Weekly issue
- Feb. 26, 2014: Police reports Feb. 17, 11:10 a.m., deputies arrested James W. Walsh, 40, Westville Correctional, on a court order. Feb. 18, 4:10 p.m., police arrested Roy Monroe, 65, 20 block of Wycomb Drive, Peru, on a failure to appear warrant. Feb. 18, 6:40 p.m., deputies arre
- RAY MOSCOWITZ: Glenn Beck's words of unity need to be heeded Glenn Beck said something recently that, frankly, surprised me. Beck told Megyn Kelly on Fox News’ “The Kelly File”: “I wish I could go back and be more uniting in my language, because I think I played a role, unfortunately, in helping tear the count
- San Antonio man glad to receive Medal of Honor SAN ANTONIO (AP) — Former Sgt. Santiago Erevia remembers the day in May 1969 when his Army unit came under heavy enemy fire in Vietnam. While crawling from one wounded solder to the next, the radio telephone operator used two M-16s and several grenad
- RAY MOSCOWITZ: Jim Tidd upbeat on future economic development There’s an abundance of developable land at Grissom Aeroplex and along Peru’s north side off U.S. 24 — but there’s a shortage of buildings throughout Miami County that can accommodate companies seeking facilities. Those circumstances amount to the bi
- Miami County teams fall in girls sectionals Peru, Maconaquah and North Miami all dropped opening-round games in girls basketball sectionals last week. Peru and Maconaquah played in the Class 3A Western Sectional. Northwestern beat Peru 42-38, and No. 6-ranked Western beat Maconaquah 52-20. Per
- Tigers sending 3 grapplers to state finals FORT WAYNE — Peru's wrestling team is sending a strong contingent to the state finals. Seniors Evan Loe, Kegan Kern and Nick Cress all punched tickets to the state finals by finishing in the top four in their respective weight classes at the Fort Way
- Feb. 19, 2014: Police reports Feb. 10, 6:30 p.m., deputies arrested Charles D. Smith, 44, 10 block of Main Street, Onward, on a warrant for resisting law enforcement. Feb. 10, 10:35 p.m., police arrested Dylan P. Blue, 400 block of Madison Avenue, Peru, on charges of possession o
- RAY MOSCOWITZ: Former educator Jim Price taking flight at Grissom Air Museum Jim Price can be a funny guy in a droll way. Asked whether he had any background in aviation when he became executive director of the Grissom Air Museum, Price responded: “I have flown on an airplane a few times. That is all of the aviation experienc
- More MC Weekly Headlines