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Cost

Cost. Total cost is up to $8,645,000 $ 500,000 from Capital Reserve Fund $8.145 million bond for the balance. . Cost Breakdown. Declining Debt Level. Two Bonds Currently Outstanding 1995: $3.972 Million with Last Payment in 2014 Current Annual Net Debt Service of $226,000

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Cost

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  1. Cost • Total cost is up to $8,645,000 • $500,000 from Capital Reserve Fund • $8.145 million bond for the balance.

  2. Cost Breakdown

  3. Declining Debt Level Two Bonds Currently Outstanding 1995: $3.972 Million with Last Payment in 2014 Current Annual Net Debt Service of $226,000 2003: $9.925 Million with Last Payment in 2017 Current Annual Net Debt Service of $543,456 Total Annual Net Debt Service $769,456 $8.165 Million in New Debt First Year Net Debt Service (2015/16) of $156,000 Subsequent Annual Net Debt Service $490,000

  4. Tax ImpactAnnual tax over 15-year life of bond for average assessed house

  5. Hillside Elementary • Roof Replacement on the K-2 wing of the building • 36 Univents to improve air quality and heating in classrooms • Classroom and Fire Doors to meet current safety standards • Floors of the All Purpose Room (large gym) and the lower wing • Exterior Masonry – repointing of brick work • Electrical Upgrade • Ceiling and Wall finishes

  6. Farragut Middle School • Roof Replacement on the Middle School Auditorium • Exterior Masonry – repointing of brick work and parapets • Electrical Upgrade • Boiler Burner – Replacement of 50-year old equipment

  7. Hastings High School • Roof Replacement on the Cochran Gym • Renovation of the High School Auditorium including Seating, Lighting and Sound Systems, Flooring, Curtains, Rigging, and Stage Resurfacing • Interior Ceiling and Wall finishes

  8. Reynolds Field • Install a Regulation 400-meter track • Install a Geo-turf synthetic field • Install a sidewalk on Chauncey Lane • Replace bleachers in similar style • Add 15-foot lights around track – NO stadium lighting • Refinish all tennis courts (one being relocated) • Relocate playground to grassy area south of tennis courts

  9. Beginning and End of Season Upper Burke Field

  10. Bleacher Replacement

  11. What Kind of Lights?

  12. Maintenance Cost Comparison

  13. 15-Year Cost Comparison

  14. 15-Year Cost Comparison

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