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OLMSTED COUNTY NOTEBOOK Refinancing saves Byron more than $625,000

BYRON -- Refinancing a bond used for school improvements will save Byron taxpayers more than $625,000 during the next 11 years, said Sandy Ihns, school district business manager.

Voters chose in 1990 to build a new elementary school, auditorium and several classrooms in the high school. School board members approved the bond refinancing at a special meeting Feb. 6. The action saves the district $625,116 for the life of the bond, which runs until 2014.

This is the second time the district has refinanced the bonds. The previous time was in 1993.

The interest rate on the 1993 bonds was 5.2 percent, compared to the new bonds whose interest rate ranges from 2 percent to 3.8 percent.

An air of change

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STEWARTVILLE -- Plans are being made to replace all ventilators at the Stewartville Intermediate School this summer.

The school's current ventilators are not producing enough clean air to meet state indoor air quality standards, said Dan Pyan, director of business services for the school district.

The district will take bids later this month on 13 to 15 ventilators. The project will cost between $200,000 and $250,000, Pyan said.

The state will pick up about $100,000 of the tab, with the rest being funded by taxpayers.

"I can't imagine it costing taxpayers more than a couple of bucks a month over five years," Pyan said.

Pyan says the project will likely start after school year ends in June.

Celebration continues

CHATFIELD -- Events celebrating Chatfield's 150th birthday continue next weekend.

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The U.S. Air Force choir will perform at 8 a.m. Sunday at Chatfield Lutheran Church and at 11:10 a.m. at St. Mary's Catholic Church. The choir includes the son of a Chatfield resident.

On March 15, there will be a St. Patrick's Day dance at 8:30 p.m. at Uncle Jesse's Golf Course.

There will be a "Blarney Stone" treasure hunt next week with clues hidden around the city and prizes awarded at 8 p.m. March 15 at the Chosen Valley Golf Club.

With the theme "Chatfield's the place to be in 2003," the city has sponsored events throughout the year as part of the city's sesquicentennial celebration.

A 65-person committee created the list of events. For a complete list and more information, go to the city's Web site, www.ci.chatfield.mn.us

Upcoming meetings

Byron: 6 p.m., March 12, Byron fire hall.

Chatfield: 7 p.m., Monday, Thurber Building (City Hall).

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Dover: 7 p.m., Thursday, City Hall.

Eyota: 7:30 p.m., March 13, City Hall.

Oronoco: 7 p.m., March 17, City Hall.

Pine Island: 7 p.m., March 18, City Hall.

Stewartville: 7 p.m., Tuesday, City Hall.

Olmsted News is a report of what's happening in small cities in and bordering Olmsted County. If you have news or comments, call area reporter Lanier Frush Holt at 285-7635.

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