The Herald, Sharon, PA Published Thursday, July 17, 2003

Bandzak questions Wolf over refinancing of school bonds

By Jeff Greenburg
Herald Staff Writer

It appears Sharon City School District might be interested in doing what a handful of other county districts have done recently, refinancing bonds at lower interest rates that could save more than $418,000, according to a presentation made Wednesday by business manager James Wolf.

But before school directors will look at the issue at their next meeting on Monday, board President Melvin Bandzak told Wolf during a work session he would like to see at least two more bids sought to ensure the district is getting the best deal.

"We're always backed up against the wall," Bandzak said, adding the last time the district ended up "leaving $12,000 on the table" that it could have saved with another bid because of time constraints.



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