CUYAHOGA FALLS — With the current market, the Woodridge Local School District could see a 7 to 8 percent savings on its construction bonds.
As a result, the school board collectively agreed to have the administration set up a meeting with Moody’s to get a current financial reading at a special meeting May 12.
"We had backed away from doing this earlier because the market was unstable," said Board President Jeff McHugh. He added that "if the market gets funky," the district could leave things stand where they were, but if the market remains as it is, they could proceed.
Superintendent Walter Davis said that "there was no reason not to" have Michelle Hilstrom of Stifel Nicholas Inc., the district’s bond sales advisor, help set up a meeting with Moody’s.
"She said that we should consider pursuing this when we are at 3 or 4 percent, and we are at 7 or 8 percent," Davis said.
Treasurer Tom Morehouse said that the district had considered doing this earlier when the pandemic hit. Because of the cost of having Moody’s calculate the district’s bond rating, about $12,000, the district had held off.
"The market was so volatile a month or so ago, even more than it is now, we decided to put the brakes on it," Morehouse said. "A couple months ago, Michelle had recommended this, but then the pandemic hit."
Morehouse added that he wouldn’t be surprised if the district could see a small ratings drop due to the impact of the pandemic, which shuttered school buildings as well as businesses in Ohio starting in mid-March.
District registration begins
Registration and withdrawal for the 2020-21 school year is now open.
Parents/guardians are encouraged to complete as much of the registration process online as possible to comply with Gov. Mike DeWine’s Stay Safe Ohio order. All instructions and forms are available on the district website.
To register a new child for preschool through 12th grade, parents/guardians will need to provide proof of residency (a deed, rental agreement with all parties listed, gas or electric bill in parent/guardian’s name, property tax statement, voter registration card or completion of Form 5111 F2a or F2b), a certified birth certificate, social security card, custody papers (if applicable), immunization records, parent/guardian photo ID, IEP/MFE (if applicable), transcript/report card, dental form (kindergarten and preschool only) and physician form (kindergarten and preschool only).
For kindergarten through 12th grade, email all required documents to Angie Howell at firstname.lastname@example.org. After the documents are received, a link to Final Forms will be provided to complete the registration process. For preschool registration, email all documents to email@example.com.
While online/email registration is preferred, the Board of Education office will be open on Tuesdays from 8 to 11 a.m. and Fridays from noon to 3:30 p.m. to help with registration. Appointments can also be made outside of open office hours. All community members will be required to follow safety protocols to enter the building. Only one person will be permitted in the vestibule area at a time. Office staff will wear masks when working with the public.
To withdraw a student from Woodridge Local Schools, parents/guardians will need to fill out the Withdrawal Form 2020, available online, and email it to firstname.lastname@example.org.
For more information, visit www.woodridge.k12.oh.us/register.