SEE INSIDE: Bonney Lake’s Joan Rupp played professional basketball in the 1950s, Page 12 . . . . Teachers, School District reach tentative contract, Page 4 . . . Meet Sumner City Council Candidate Melony Kirkish, Page 5. . . . More construction on SR410, Page 3 . . . Spartan swimmers already qualifying for state meet, Page 16
Your hometown newspaper
Wednesday, September 21, 2011
What’s Inside Classified ...................................Page 20 Views ..............................................Page 6 Sports .........................................Page 16 LifeWaves .................................Page 12 GoGreen.....................................Page 11
Getting to the root of watering trees.
On the Web t 4QPSUT VQEBUFT t 1PMJDF CMPUUFST t NPSF GSPN +PBO 3VQQ t #FBVUJGZ #POOFZ -BLF TMJEFTIPX Updates daily. Go to: www.blscourierherald.com
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75 cents
Schools look to lower interest rates Sumner school board votes to refinance 2003 bond debt By Daniel Nash Staff Writer
Jon Gores introduced himself to the Sumner School Board as a man “in the business of selling silver linings.” The environment of economic turbulence
at home and abroad, he said, was one likely to result in currency inflation. As unfortunate as inflation is, it would provide a perfect opportunity for the school district to refinance its debt, he said. In this case, the debt is a 2003 issuance of unlimited tax general obligation bonds with an outstanding payable value of approximately $9,000,000, and a final maturity date of June 1, 2022. Facing an interest rate in excess of 4 percent, the school board voted unanimously to refund the bonds in favor
of a new bond issuance at an interest rate of more than 2 percent. The vote will kick off the process of rerating the district, calling old bonds, and issuing new bonds. Gores told the board that a lowered rating would be unlikely in the absence of major changes in the district’s financial health, though it was necessary to go through the rating process every time a new bond is
SEE BOND, PAGE 4
Swiss Park agrees to deal for fire hydrant
Spruce up that city!
Weather Today, Wednesday, should bring clearing skies with some clouds and a high in the mid-70s with overnight lows in the 50s. Skies stay clear through Friday with clouds moving in for the weekend. For details go to: www.blscourierherald.com click on weather
By Brian Beckley Staff Writer
Inside Check out the fall Home and Garden section inside this week’s issue of the CourierHerald. For details go to: www.blscourierherald.com click on Icon
Contact Us! Main Desk 253-862-7719 News .........................................ext. 3 Classifieds.............................ext.750 Retail Ads .................................ext. 2 Circulation ............ 360-284-4841
The eighth annual Beautify Bonney Lake event drew more than 500 volunteers to work on 22 different beautification projects throughout the city, including litter pickup, the addition of new bark to parks and plenty of weeding. Photos by Brian Beckley/To view or buy photos go to www.blscourierherald.com.
Ask... Your Sales Rep
The city of Bonney Lake this week agreed to foot the cost of a fire hydrant required as part of a small construction project at the Swiss Sportsmen’s Park. In exchange for the installing the hydrant, the club agreed to relinquish six of 12 water connections it purchased in 1949 for an advance payment of $900. City engineers estimated the cost of the hydrant and pipeline construction to be approximately $25,500. Each water connection is valued at $7,807. Swiss Sportsmen’s Club is looking to build a 960-square-foot bathroom/shower facility on their property. Because of the construction, city code would have required the park to connect to the city sewer system as well as make improvements to the street,
SEE SWISS, PAGE 8
The Puyallup Fair ENDS SUNDAY! Everyone Pays* Kid Pricing
About advertising on the front of the newspaper!
Saturday, 9/24 and Sunday, 9/25, everyone pays kids gate admission price (*$9) with a REQUIRED coupon available at thefair.com.
Sept. 9 - 25
Visit thefair.com for details.