Thank you for taking a moment to read about our latest facilities update/construction project as well as other pertinent "call to action" items we need you to be aware of. Please don't forget to subscribe to our newsletter, follow us on social media and attend as many community meetings as you can. Our #1 priority is to keep you informed throughout the process.

In this edition we'll discuss:

  • Important bond meeting
  • Release from Fiscal Caution
  • Owner's Rep Update
You're Attendance Means $$$$
 On Tuesday, March 21, 2018, the superintendent, treasure, board president, municipal advisor, and bond counsel traveled to Wall Street in New York City. The team presented to Standard and Poor’s (S&P) the world’s largest leading index provider and the foremost source of independent credit ratings, to establish a bond rating. The district is scheduled to sell approximately $10 million in bonds on Wednesday, April 4, 2018. The bond rating that was established is A+. One unique aspect of our bond selling is that residents of Richmond Heights as well as friends of the district, will be able to buy bonds directly.

There will be a community meeting on Thursday, March 29, 2018 at 6:30 pm inside The Board of Education, 447 Richmond Road. We will learn how to buy bonds for this project. The bonds will be sold in $5000 denominations. By purchasing a bond, you continue to be on the front lines of our community revitalization project as a legacy builder.
The Richmond Heights local school district has been released from Fiscal Caution effective March 15, 2018. The expenditure reductions and revenue enhancements that were implemented by our district has placed us in a position of improved financial condition, as evidenced by our most recent five-year forecast.

The district was placed in Fiscal Caution in 2014 before our current superintendent and treasurer arrived. We salute the management team of John Scott, Treasurer and Dr. Renee Willis, Superintendent. To be released from Fiscal Caution in less than four years is nothing less than amazing. The release from Fiscal Caution is a huge asset to us moving forward. Congratulations on restoring the financial solvency of the Richmond Heights Local School District.
Owner's Representative

A Request for Qualifications (RFQ) was issued at the end of February 2018. The submissions came from companies across the State of Ohio. The district is now reviewing all the qualifications that were submitted and interviews will be held the first week of April. The owner’s rep will be the entity that represents the school district in terms of managing the construction project.
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