The Weekly Newspaper serving the citizens of Morenci, Mich., Fayette, Ohio, and surrounding areas.

  • Front.cheers
    MACEE BEERS joins other Fayette Elementary School students for the annual Mini-Cheer performance during the half-time break at the basketball game.
  • Family.3.wide
    CHILDREN at Stair District Library’s Family Story Time toss scarves into the air during an activity. The evening program provided a mix of stories, songs, dancing, crafts and snacks Monday evening. The program is offered at 5:30 p.m. every Monday for five more weeks. The program is designed for three to five year olds and their family.
  • Front.newpaper.2
    THE INTERVIEW—Evelyn Joughin (right) records the interaction with an iPad while Jack Varga, next to her, asks questions of Morenci Elementary School principal Gail Frey. Morenci senior Sam Cool (standing) listens. Cool serves as the editor for the newspaper written by members of Mrs. Barrett’s second grade class.
  • Front.code.2
    WRITING CODE—Brock Christle (left), a Morenci fifth grade student, takes a look at the progress being made by fourth grader Anthony Lewis. Libby Rorick, a sixth grade student, is next in a line of girls trying out the coding tutorials. This year marked Morenci’s second year of participation in the Hour of Code project.
  • Front.gym.new
    REMIE RYAN (left) tries to dodge the foam wand held by Hayden Bays during physical education class at Morenci Elementary School. In the background, Lauryn Dominique and Brooklyn Williams stay clear of the tag. Second grade students were working on cardiovascular health on the first day back from vacation. For the record, Safety Tag is a very difficult sport to photograph.
  • Front.lift
    MORENCI student Dalton McCowan puts everything into a dead lift attempt Saturday morning during the Wyseguy Push/Pull event. Lifters helped raise more than $1,600 for the family of the late Devin Wyse, a former Morenci power-lifter who graduated last year. Commemorative T-shirts are still available by contacting teacher Dan Hoffman.
  • Front.library.books
    MACK DICKSON takes a book off the “blind date” cart at the Fayette library. Patrons can choose a book without knowing what’s inside other than a general category. The books are among those designated for removal so patrons can consider them gifts. In Morenci, new books and staff favorites were chosen from the stacks and must be returned. Patrons get a piece of chocolate, too, to take on their date, but no clue about their “date.” One reader said she really enjoyed her book for a few pages, but then lost interest—so typical for a blind date.

Fayette school board (Sept. 17) 9.26

Written by David Green.

In July, Gorham Fayette Board of Education members discussed purchasing bonds to pay off the cost of the newer gymnasium, using money from the contamination settlement with DH Holdings.

At the Sept. 17 meeting, board members heard a second proposal for the settlement money.

District treasurer Angel Adamski said she spoke with a bond counsel who suggested the best approach might be to place the money in a reserve account dedicated specifically for repayment of the construction loan.

The 30-year levy is due to expire in 2028 and board members have stated their intent in the past to use settlement money to help pay off the loan and give taxpayers a break.

Interest earned from cash in the reserve fund would stay in the fund and interest rates are not limited by IRS regulations. With the plan discussed in July—known as bond defeasance—the rate is limited to 4.389 percent. Any amount greater than that is automatically taken by the IRS.

The reserve fund would be set up for semi-annual bond payments instead of collecting money from taxpayers.

One consideration with the reserve fund is the capability of using the fund for general operating expenses, Adamski said. Although the money is earmarked for the gymnasium payments, it could be used for other purposes.

Trustee Fred Stockburger expressed concern about the ability of the school board to borrow from the reserve fund.

“It’s not fair to the taxpayers to place it in a fund that could be borrowed from,” Stockburger said. “If you can touch it, someone will.”

David Brinegar shared his concern.

“If somebody [a future school board] did take the money,” he said, “the county auditor would have to start levying the tax again. I don’t like that.”

The two trustees suggested obtaining a second opinion on the issue.

“She gave us a reason not to do it—you can touch it,” board member Terry Kovar said about the bond counsel.

The board tabled motions to create a reserve fund and transfer $1.5 million to the new fund.

 

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