NORTHWEST PRESS
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Your Community Press newspaper serving Colerain Township, Green Township, Groesbeck, Monfort Heights, Pleasant Run, Seven Hills, White Oak
WEDNESDAY, SEPTEMBER 30, 2015
75¢
BECAUSE COMMUNITY MATTERS
Refinancing bonds yields savings for Northwest tax payers Jennie Key jkey@communitypress.com
The Northwest Local School District just locked in new interest rates to refinance the district’s Series 2005 bonds that will save taxpayers about $962,000 over the next seven years. School districts use bonds to borrow money to pay for buildings and facilities. If voters ap-
prove a bond levy, the district issues a bond, which is like a long-term IOU. A bank or a financial institution will sell and administer the bond. The bond is like a loan and taxpayers see an increase in property taxes to pay back lenders or bond holders and the interest on the loan. When a bond is refinanced at a lower interest rate, taxpayers pay less than anticipated. In this case, it will be almost $1 million
less over the remaining life of the bonds. It’s not the first time the district has used refinancing to save money. Amy Wells, the district’s CFO and treasurer, said the district was able to take advantage of low interest rates in 2005 and again in 2015 to refinance the bonds originally issued in 1997 and 1998. They were issued to finance the construction of Monfort Heights
Elementary School. Wells said the two refinancings will eventually save the district’s taxpayers $1,899,074. The original average interest rate for the 1997 and 1998 bonds was 5.17 percent. The 2005 refunding bonds average interest rate was 4.33 percent. The refinanced 2005 bonds produced savings of $937,066 over the 10 years until 2015. The new 2015 bonds’ average
Women veterans Honor Flight like a ‘homecoming’
In the next few days your Community Press carrier will be stopping by to collect $3.50 for delivery of this month’s Northwest Press. Your carrier retains half of this amount as payment for his or her work. If you wish to add a tip to reward the carrier’s good service, both the carrier and The Community Barnes Press appreciate your generosity. Daniel Barnes is the Northwest Press carrier of the month. He has been delivering the Community Press for a year or so. He takes pride in delivering his paper to the community of Colerain. We his parents are very proud of his hard work. Daniel really appreciates working for the Community Press and looks forward to delivering papers
svilvens@communitypress.com
See FLIGHT, Page 3A
See BOND, Page 2A
IT’S COLLECTION TIME
Sheila Vilvens
Eight years and more than 30 flights after the first Honor Flight taxied down the runway at the Cincinnati/Northern Kentucky International Airport, area women veterans lifted off on their own flight. A group of nearly 150 women veterans made history Sept. 22 when they traveled to Washington, D.C., on the first in the nation all-women female veterans Honor Flight. “It was just wonderful,” 75year-old College Hill resident Dorothy Harris said repeatedly as she described the day. The memorial events were all great. “Iwo Jima, WWII, the Vietnam Wall and the Vietnam nurses, I mean, they were awesome,” she said. “It brings
interest rate is 1.96 percent. The bonds have a little more than seven years remaining to be paid off. The 2015 refunding bonds will produce savings of $962,008 over the life of the refunding bonds, officials said. The new bonds have the same final maturity – Dec. 1, 2022 – as the bonds that were refinanced.
World War II Navy veteran Dorothy Kennedy reacts as women veterans behind her wipe away tears as the American flag is folded during a send-off ceremony for Tuesday’s all-women Honor Flight Tri-State from Cincinnati/Northern Kentucky International Airport to Washington, D.C. They were among 72 women who made the flight to visit war memorials, including one for women veterans.
to his customers every week Daniel attends Northwest High and is in the ninth-grade. He is an active member of the golf team at Northwest. Daniel’s hobbies are playing video games on X-Box and he enjoys playing basketball with his great friend Jay across the street. He also enjoys watching the Animal Planet channel to learn about all kinds of animals. This past summer he volunteered his time for a week at Augsburg Lutheran Church during their Amazing Grace Day Camp as a camp helper. He has also volunteered at Lane Public Library in Fairfield. He really enjoys serving the community. If you have questions about delivery, or if your child is interested in becoming part of our junior carrier program, please call 853-6263 or 8536277, or email circulation manager Sharon Schachleiter at sschachleiter@communitypress.com.
Cards and Knights celebrate homecoming in October Jennie Key jkey@communitypress.com
FILE PHOTO
Elementary Schools in the Northwest Local School District show their support for their high schools in homecoming parade participation.
RITA SPROUTS SOME GOOD IDEAS 7A
Sure signs that autumn is here: cooler temperatures, piles of leaves, high school football and homecoming. Both high schools in the Northwest Local School District will celebrate homecoming with parades, football games and dances in October. The Northwest Knights lead the way, with a homecoming football game and parade set for Friday, Oct. 2. The annual parade be-
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gins at 6 p.m. Friday, Oct. 2. The parade starts from the parking lot of the Hamilton County Office of Education. It travels down Civic Center Drive and left onto Pippin Road, turning right onto Stout Road, then into the high school parking lot. Traffic will be stopped on the parade route and delays should be expected. A halftime ceremony to crown the homecoming king and queen and present class banners takes place during the game See CELEBRATE, Page 2A
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FILE PHOTO
Homecoming parades draw big crowds at both high schools in the Northwest Local School District.
Vol. 78 No. 36 © 2015 The Community Press ALL RIGHTS RESERVED
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