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Left to right: Michelle Feigelis of EI Associates, Mayor Timothy C. McDonough, Barbara Bohi of the EDA schools division, School Business Administrator Margaret Conroy, Superintendent Elizabeth Nastus, Dwight Bessette of EI Associates, School Board President Lauren Bartow, and board member Vivian Smith.
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$827,000 in Tax Relief is on its way to Hope Township for Construction and Renovations at Elementary School
Hope Township, NJ (November 12, 2001) – Representatives of the New Jersey Economic Development Authority, (EDA), visited Hope Township recently to present a ceremonial check for over $827,000 to local school officials for additions and renovations to the Hope Elementary School.
The funding amount represents a "Section 15" grant agreement, between the EDA and the school district. Superintendent Elizabeth Nastus, along with Mayor Timothy C. McDonough, and School Business Administrator Margaret Conroy, School Board President Lauren Bartow, and board member Vivian Smith were on hand to accept the ceremonial check from the EDA. Also attending were Michelle Feigelis and Dwight Bessette of EI Associates, the firm which provided the architectural design for the construction at the elementary school. Barbara Bohi, Senior Communications/Legislative Officer for the EDA schools division, presented the check on behalf of the EDA.
The funding will result in property tax relief for residents of Hope, who otherwise would be responsible for covering the entire cost of the school construction project, which totals over $2 million. Under Section 15 of the school construction law, the EDA is responsible for providing the State share which amounts to $827,857.
Under the Educational Facilities Construction and Financing Act, the EDA is responsible for providing grants to fund the State share of eligible school facilities projects in school districts that receive less than 55% in state education funding, which includes Hope Township.
Construction at the school included the addition of a new gymnasium, as well as the addition of a new elevator to increase accessibility for the disabled.
"By solidifying these grant agreements, the EDA is making good on its responsibility to provide the state share of financing for the school projects that will benefit children throughout New Jersey," said EDA Executive Director Caren Franzini.
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