State Treasurer Steven Grossman, Chairman of the Massachusetts School Building Authority (“MSBA”), and Jack McCarthy, MSBA Executive Director, today announced that the MSBA Board voted to approve the schematic design and funding for repairs to the Oxford Middle School. One of the next steps is for the District and the MSBA to enter into a Project Funding Agreement, which will detail the project’s scope and budget and set forth the terms and conditions under which the District will receive its grant from the MSBA.
The proposed project would upgrade building systems potentially including roof, windows, boilers, and HVAC. The estimated total budget for the project is $6,128,870. The estimated Total Facilities Grant is $3,369,847.
“This project will not only create a top-notch learning facility, but it will also create well-paying, highly skilled jobs, which are vitally important in the current economy,” said Treasurer Grossman.
“The repair work to Oxford Middle School will mean a better learning and teaching environment for students and teachers in the District,” said Executive Director McCarthy. “It’s really great when we can extend the useful life of these buildings.”
The MSBA partners with Massachusetts communities to support the design and construction of educationally-appropriate, flexible, sustainable, and cost-effective public school facilities. Since its inception, the Authority has made $8.7 billion in reimbursements for school construction projects. These timely payments have saved municipalities over $2.9 billion in avoided local interest costs and have provided much needed cash flow to communities.