JEFFERSON-County taxpayers will have an opportunity to express their opinion on bank financing options for a new middle school during the April 17 meeting of the Ashe County Board of Commissioners.
The hearing will begin at 9 am on the third floor of the courthouse.
The county is looking for public input on financing for a 40-acre tract of land located with the Town of Jefferson for the future construction of a new middle school. Commissioners unanimously approved purchase of the property on Jan. 3. The financing contract will be for a three-year term, with a fixed interest rate of 1.85 percent with First National Bank, which is formerly Yadkin Bank and shall not exceed $1.54 million.
In January, the Ashe County Board of Commissioners voted 5-0 in agreeing to the purchase of 40 acres of land owned by Larry Dollar for $40,000 an acre or $1.6 million. Per the original agreement, the commissioners also approved an escrow payment of $45,000 until funding in full is secured.
The new middle school site sits near the newly expanded American Emergency Vehicle’s plant in Jefferson. Groundbreaking for the new facility is scheduled to begin in spring 2019.
Any design plans must also be approved by the Department of Public Instruction’s School Planning Division in Raleigh.
For school officials, the selection of the property was a practical choice. The site is water and sewer ready. The abundance of space and level ground would also be conducive to any expansion plans, school officials have previously stated.
Reach Jesse Campbell at (336) 846-7164
Middle school students will soon have a new destination once a new facility is constructed in Jefferson.