COUNCIL OKS BONDS TO HELP BUILD PRIVATE SCHOOL SITE.Byline: Rick Orlov Orlov (Орлรณв) is the name of a Russian noble family which produced several distinguished statesmen, diplomatists and soldiers. The family first gained distinction in the person of four Orlov brothers, of whom the senior was Catherine the Great's Staff Writer The Los Angeles City Council  The Los Angeles City Council is the governing body of the City of Los Angeles, California, United States. agreed Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant to use its credit to issue up to $50 million in bonds for a private school in Chatsworth, which wants to expand to a second site. The 12-0 vote will benefit Sierra Canyon School, which has ambitious plans to build a 30,000-square foot high school to accommodate up to 550 more students. ``This won't cost the city anything,'' said Councilman Greig Smith Greig Smith is a Los Angeles City Councilman, representing the 12th District, which includes Granada Hills, Northridge and other parts of the Western San Fernando Valley. Smith is also a reserve officer for the Los Angeles Police Department. , who represents the area. ``The school is assuming full liability. They are just using the city's credit rating to pay a lower interest on the bonds. ``This is something we have done for other schools, public and private, and businesses as well to keep them in the city. ``I see nothing wrong with us helping an educational institution, particularly when one of the things we hear from companies all the time is the need for more quality educational facilities,'' Smith said. Sierra Canyon officials said they expect to issue about $25 million in bonds to complete the purchase of land for its elementary school elementary school: see school. and refinance Refinance 1. When a business or person revises their payment schedule for repaying debt. 2. Replacing an older loan with a new loan offering better terms. Notes: When a business refinances they typically extend the maturity date. some of its operations, said Sanje Ratnavale, associate head of the school. ``That's our plan for right now,'' Ratnavale said. ``We don't expect to use the full $50 million at this point.'' Sierra Canyon is a nationally recognized private school, with annual tuition For tuition fees in the United Kingdom, see . Tuition means instruction, teaching or a fee charged for educational instruction especially at a formal institution of learning or by a private tutor usually in the form of one-to-one tuition. ranging from $12,000 to $15,575. It opened in 1977 as an elementary school and has expanded over the years to include middle and high school classes. The school's expansion caused a rift last year with the Chatsworth Neighborhood Council, which had concerns about traffic and parking near its temporary high school site. Last October, a slate of candidates backed by Sierra Canyon was elected to the neighborhood council. ``Even without that, I think there would be support for the school,'' Smith said. ``It's an excellent institution and a good neighbor.'' Rick Orlov, (213) 978-0390 rick.orlov(at)dailynews.com |
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