Bonds worth $35 million approved for school construction by Alabama council

Thursday, August 7, 2014

The Pelham City Council approved the issuance of bonds with a total value of $35 million for school construction and improvements that will be repaid using the municipal 1 percent sales tax for education.

The Pelham Board of Education will receive the funding that will pay for a new elementary located east of Interstate 65 in the Oak Mountain Business Park off Highway 52. The board earlier in the day approved the acquisition of the roughly 20 acres for the school site.

The board is also planning to secure another roughly $5 million in funding that will mean a total of $40 million for the elementary's construction as well as other improvements to existing schools.

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