EDISON, NJ - The Board of Education unanimously approved a $5 million bond Monday evening for an addition to the Woodbrook Elementary School.
The bid for the addition was opened back in early September, but was put off due to a lack of funds available at the time, according to officials.
Officials said the addition for will cost about $11.5 million, and the board allows for $6.5 million to be used now, causing the approval for the $5 million bond.
The $5 million bond will be paid over three years, and have a fixed rate at only a 1.5 percent interest.
“It will not impact our budget,” stated Business Administrator and Board Secretary Daniel P. Michaud. “It is already built into our budget for next year.”
When the board gave the public the opportunity to voice their concerns about the addition, it was met with only a voice of gratitude.
“Thank you for the lease purchase,” said former teacher Carol Bodofsky. “After teaching at Woodbrook for about 18 years, it was already overcrowded then, but over the years I have watched it get more and more overcrowded. I am so excited that something is finally going to be able to get done for the students at Woodbrook School. This isn’t for frills and luxuries, this is to get less than 30 children in a classroom.”
The bid for the addition is awarded to Brockwell & Carrington Contractors Inc. Brockwell & Carrington Contractors Inc. have been around since 1994, and are also currently working on two other educational buildings, according to officials.
The company is constructing the new James Madison Elementary School in Garfield, as well as the STEM building for Hudson County Community College in Jersey City.