Please click the updates to the left for progress on the project. Capital Project Update Last year our school district voted on and passed a referendum to allow capital improvements to the buildings and grounds at the school. During community presentations prior to the vote, the Board of Education and administration presented an overview of what would be accomplished in that project and what the costs associated with the project would be. We also made a promise to the voters that if the aid we get from the state was significantly different from our projections, we would not do the project. We have been waiting since December to find out where we stand on the plan approval and the financial status. A few days ago we received word from State Ed that our project plans have been approved and yesterday our fiscal advisors gave us the financial outlook for the project. Last year we presented to you that the average tax levy to pay for the project would be 0.26% or $3.59 per year for a home with a true value of $80,000 with STAR each year for 16 years. Our financial advisors have informed us that based on our current aid ratio from the state we will see more state aid than we originally presented to you. Based on the new financial numbers we received, the average tax levy will be 0.18% or $2.52 per year for a home with a true value of $80,000 with STAR each year for 16 years. Below is a breakdown of the costs: Total Project Total Project 8/24/2010 5/25/2011 Total Project $4,376,000 $4,376,000 % Aidable Estimate 98.3% 98.9% Total Aidable Expenditures $4,301,608 $4,329,266 90.1% 90.1% Estimated Building Aid $3,875,749 $3,900,669 Estimated Local Share $500,251 $475,331 EXCEL Aid $411,678 $411,678 Estimated Net Local Share $88,573 $63,653 Average Annual Payment $8,247.39 $5,927.00 Average Annual Tax Levy Impact 0.26% 0.18% True Value $80K with STAR $3.59 $2.52 With the financial picture better than we had proposed and our plans approved by State Ed, we will be moving forward with our capital project. Listed below is an approximate timeline for the major portions of the project. You can expect to see a lot happening over the summer and into the fall at our school. Work will be kept to a minimum during school hours and safety will ALWAYS be our number one concern. Please keep in mind this is a rough timeline and is subject to change. • Pre-Bid Conference May 25, 2011 at 2:00 pm • Bid Date June 7, 2011 at 3:00 pm • Begin actual construction June 27, 2011 • Work related to the site around the begin no later than July 18, 2011 • Asbestos Abatement posting shall occur no later than June 17, 2011 • All Asbestos Abatement will be complete by July 29, 2011 • Demolition of the • Demolition of Older Modular Classroom by July 20, 2011 • Target Completion Dates for Work in the • Science Rooms September 2, 2011 • Home & Career and • Nurse and Resource August 22, 2011 • Elementary Classroom Flooring August 19, 2011 • 1st Grade Toilet Room August 26, 2011 • Bleacher Replacement October 3, 2011 • Gym Toilet Rooms October 17, 2011 • Door and Corridor Upgrades October 31, 2011 • In the interior walls shall be constructed by September 1, 2011 and all interior work will be completed by October 31, 2011 • Newer • All roofing work shall be substantially completed by August 31, 2011. • Substantial Project Completion November 15, 2011 We would again like to thank you for your support during this process and during the vote. Our building will now be more energy efficient, brighter and a safer place for our students when in school and for our community to visit. As always, if you have any questions, contact any board member, Jim Southard or Chuck Walters and we will be very happy to assist you with the answers. Fred Lawrence, President Michael Skeele, Vice President Nell Ziegler, Board Member Michael Cizenski, Board Member
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