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Anacortes facility debt-free
The NWESD is very pleased to have recently retired all debt related to its Anacortes facility! Upon the recommendation of the superintendents’ Executive Committee, the Board elected to pay off all debt six and a half years early.
As a result, member district fees related to the facility “cost center” account will be reduced by 45%-- retroactively applied beginning last August. Thereby benefiting member districts through reduced fees—returning funds to them.
The necessary funds were grown over the past several years. Primarily through 1) the reduced cost of the Anacortes facility compared to the projected cost of the addition for which the original bonds were sold, 2) six years of rental income for a wing within the facility, 3) indirect fees some significant grants, and 4) effective cost containment/management. The entre NWESD team is to be commended for making this possible—as a step toward even more efficient service to member districts! It is truly a Happy New Year in the NWESD region!
We will be approaching the Superintendents’ Advisory Committee (SAC) for advise related to specific services the NWESD might provide with a significant portion of its remaining reserve. The NWESD Board believes that it is time to make use of all available resources to support member districts as they face such economic challenges.
AESD Role, Strategic Plan and Constitution
