•A $5 million bond issue to bridge the gap between how much the insurance company will pay and the cost of construction •The insurance company will pay $11,736,547
•From that, architectural fees must be paid. An architect is required by law for construction, and the fees are based on the bid.
•The bid on the project is $14 million
•The difference between the bid,the insurance and the bond request is for interest payments.
•The proposed bond would rebuild the high school and place the elementary school on the same campus.