Sturgis Public Schools officials have announced that the original bond to construct Eastwood School has been paid off.
The school was built following a 1992 voter-approved bond and opened in 1994 as a facility for fourth through sixth grades.
The initial bond was more than $7.5 million, though debt on the 1992 bond was refinanced in 1997 and again in 2007 to take advantage of better interest rates.
In all, the school’s debt was paid in full May 1. Nearly one full mill to repay the bonds will not appear on the district’s future tax bills, as a result.
In 2004, Eastwood became grades 3-5.