August 15, 2019
Over the last 12 months, our staff and bond counsel have been working diligently to meet the requirements set forth in the USDA Rural Development Loan. As of this date, all of the requirements of the application have been met, and we have been waiting for comments from Washington, D.C. relative to loan approval.
On August 14, 2019, we received concurrence from the National USDA Office in Washington of the School Board’s financing for the Baker High School Project. Not withstanding some conditions relative to the loan documents, the USDA State Office will be delivering a formal letter to obligate funding very soon.
PROJECT COST AND AMOUNT OF ASSISTANCE.
| Rural Development Loan | $ 7,610,000 | |
| Rural Development Loan | $ 7,000,000 | |
| FEMA Equipment | $ 2,000,000 | |
| CDBG | $ 672,000 | |
| FEMA Development | $ 4,994,101 | |
| TOTAL =================> | $22,276,101 |
August 5, 2019
The State Office for the USDA submitted the City of Baker School System's loan application to Washington, DC for federal review and comments regarding the renovation and construction of Baker High School. This big step moves us closer to realization.
On Behalf of all the stakeholders, students, and staff of Baker High School, we want to express our sincere appreciation for dedication demonstrated by our USDA State Office.
Thanks,
Superintendent Brister
Source: Dr. Brister