School board members toured one of three new school buses for Tucumcari schools. The $66,000 bus was funded through the state’s Public Education Department.
Groundwork was laid on Monday to eventually build a new high school in Tucumcari.
Cost of the new high school could be as much as $20 to $26 million, said school superintendent Aaron McKinney.
The Tucumcari School Board agreed to a $1.25 million financing package through the state's Finance Authority.
Voters approved a two mill levy for $3.075 million in bonds in the Feb. 6 election. Over the next three years, nearly $2 million more in bonds are to be sold.
The recent package is more like a loan because the financing was arranged through the state which provides a portion of the sum at no interest, said Erik Harrigan, vice president of RBC Capital Markets of Albuquerque.
The architectural firm of Greer Stafford SJCF, Inc. of Albuquerque was also selected as the school architect, with the firm of PA Architects of Albuquerque selected as an alternative.
All school board members voted in favor of Greer Stafford, except Doug Powers.
Prior to the vote, Powers said he would liked to have had a presentation from the architects. Greer Stafford was selected and recommended by a committee which ranked several architectural firms, McKinney said.
School officials are working to meet state deadlines for approval of the project and to eventually obtain funding through the capital outlay program from the state's Public Education Department.