MSBA Announces $10 Million Grant Approval for Repairs at Belmonte Middle School in Saugus

The Massachusetts School Building Authority Announces $10 Million Grant Approval for Repairs at the Belmonte Middle School in Saugus

MSBA Board votes to contribute up to $10,097,544 towards repairs at the school

State Treasurer Steven Grossman, Chairman of the Massachusetts School Building Authority (“MSBA”), and Katherine Craven, MSBA Executive Director, today announced that the MSBA Board of Directors voted to approve funding for repairs at the Belmonte Middle School in Saugus. One of the next steps is for Saugus 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 town will receive its grant from the MSBA.

Belmonte Middle School is 160,000 square feet and serves 725 students. The total budget for the repair project is $20.2 million with the MSBA contributing 53.32% of eligible project costs for a total MSBA grant of up to $10,097,544. Repairs will include upgrades to multiple building systems including roof, electrical, plumbing, windows, HVAC, and lighting.

“The plans for repairs for this school are the direct result of a collaborative partnership forged by Saugus officials and the MSBA,” said Treasurer Grossman. “We look forward to helping deliver an efficient, sustainable, and cost-effective facility that will meet the community’s educational demands and save local and state taxpayer resources.”

“Repairs at the Belmonte Middle School will remedy facility deficiencies so that students will soon have a new school which will enhance and improve their ability to excel in the classroom,” stated Katherine Craven, MSBA Executive Director.

The MSBA strives to find the right-sized, most fiscally-responsible, and educationally-appropriate solutions to create safe and sound learning environments. In its six year history, the MSBA has made more than $8 billion in reimbursements to cities, towns, and regional school districts 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 in these difficult economic times.