Renovation of an educational facility in Springfield, Massachusetts. Conceptual plans call for the renovation of a educational facility.

Update:Indian Orchard Elementary - Roof Replacement Project is included in City of Springfield Fiscal Year 2026-2030 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- https://www.springfield-ma.gov/cos/news-story?tx_news_pi1%5Baction%5D=detail&tx_news_pi1%5Bcontroller%5D=News&tx_news_pi1%5Bnews%5D=17303&cHash=0e3b594c5d7eb41ca370b8442fcc08ae Mayor Domenic J. Sarno, Chief Administrative and Financial Officer (CAFO) Cathy Bouno, Deputy CAFO Lindsay Hackett, Acting Comptroller Steve Lonergan, Acting Collector/Treasurer Sandy Powell, and Chief of Staff Bill Baker joined today at city hall to virtually attend the state Municipal Finance Oversight Board’s meeting held this morning. The Municipal Finance Oversight Board (MFOB) within the State Auditor’s office considers applications from municipal governments to use the Commonwealth's bond rating to borrow money to fund capital improvement projects, land acquisition, and emergency repairs. By using the state's bond rating, municipal governments can secure lower interest rates, saving taxpayer money. Today the City of Springfield appeared before the MFOB on its Chapter 44A request for $8,433,300 in state qualified bonds for the following: Two Fire Apparatus Body-Worn Cameras & Tasers Dwight Street Improvements Gerena School Feasibility Study Commerce School Roof Milton Bradley School Windows Rebecca Johnson School Windows Central High School Windows Glenwood School Roof Indian Orchard School Roof Bowles School Roof Sumner Avenue Roof Pottenger School Windows The city’s request was unanimously approved by the 4-member board. One board member commented on the success of Springfield’s finance team in working over the years to continually improve the city’s financial position. Mayor Sarno states, “I deeply appreciate our dedicated, and award-winning finance team led by CAFO Cathy Buono for their steadfast efforts to maintain fiscally sound management practices that allow us to continue to invest in important projects like our school building and public safety projects. Our municipal bond rating has remained strong, it’s the highest rating in our city’s history and we continue to maintain a strong and healthy reserve. Our continued fiscal responsibly has enabled my administration, in partnership with our Springfield Public Schools, Facilities Management, Department Capital Asset Management, and the Massachusetts School Building Administration (MSBA) to invest over $1 billion into building new schools and renovate existing schools – the most in the Commonwealth! We are proud to continue school-building rehabilitation and new school construction ensuring our Springfield Public Schools students and families have the best opportunities to learn, grow and succeed. Our city team has had a great working relationship with the MFOB and we deeply appreciate their decision.” -------------------------------------------------------------------------------------------------- Update: https://www.springfield-ma.gov/finance/fileadmin/budget/2024/FY25_Capital_Plan_-_Final.pdf Indian Orchard Elementary - Roof Replacement - 2020 MSBA SOI Project is included City of Springfield Fiscal Year 2025-2029 Page No 20 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- This project is included in the City of Springfield's fiscal years 2024-2028 Capital Improvement Program (CIP). As of November 9, 2023, further information regarding design and construction have not been identified. A firm timeline for construction has not been established. A detailed scope has not yet been determined. *Project information has been obtained through a public capital improvement plan (CIP). A CIP is a financial schedule for short- and long-range projects which is updated regularly. Information listed in the CIP often evolves based on funding availability and the project details, including timeline and value, are subject to change. The content management team will continue to pursue additional details as they become available.