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Mendon Community Schools 2013 Bond Proposal

Mendon Community Schools 2013 Bond Proposal. Overview. Facility Assessment Overview Cost Assessments Funding Options Program Schedule. What We Looked At. Existing conditions Needs of the school Priorities. Assessment – Elementary. Site Recommendations - $456,000.

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Mendon Community Schools 2013 Bond Proposal

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  1. Mendon Community Schools 2013 Bond Proposal

  2. Overview • Facility Assessment Overview • Cost Assessments • Funding Options • Program Schedule

  3. What We Looked At • Existing conditions • Needs of the school • Priorities

  4. Assessment – Elementary • Site Recommendations - $456,000 • Separate staff lot from parent drop off - Safety • Add curbed walk to bus drop off - Safety • Upgrade Playground – Safety / Code • Improve Site lighting - Safety • Replace damaged asphalt pavements and damaged concrete sidewalks - Safety

  5. Assessment – Elementary • Architectural Recommendations - $2,513,000 • Replace Roof • Upgrade group toilet rooms to make Handicap accessible • Upgrade classroom toilet rooms, fixtures and finishes • Remodel office for secure entry and add card access system • Replace damaged sections of flooring finishes • Replace lockers

  6. Assessment – Elementary • Mechanical Recommendations - $535,000 • Heating and cooling distribution system needs to be replaced • Internal water distribution system needs to be replaced • Upgrade HVAC controls – pneumatic to digital

  7. Assessment – Elementary • Electrical Recommendations - $115,000 • Additional Work - $205,000 • Replace older electrical panels • Upgrade emergency lighting • Remove existing 1906 building • Remove existing medical office building

  8. Assessment – Middle/High School • Site/Master Recommendations - $524,600 • Long term asphalt paving replacement • Running Track Replacement PHOTO

  9. Assessment – Middle/High School • Replace roof areas out of warranty • Cafeteria area in need of renovations • Replace sections of flooring • Provide metal siding to prevent water infiltration/damage • Architectural Recommendations - $2,177,000

  10. Assessment – Middle/High School • Mechanical Recommendations - $1,068,000 • Replace boilers and piping • Replace main gym and café AHUs

  11. Assessment – Middle/High School • Stadium lighting and sound system in need of replacement • Electrical panels and feeders need replacement • Long term replace site lighting with higher efficiency fixtures. • Locker room lighting in need of replacement • Electrical Recommendations - $231,000 • Additional Recommendations - $1,697,000 • Upgrade technology • Purchase new busses

  12. Lifespan of Building Systems PHOTO

  13. Why A Bond Program? To meet the growing needs of the school Why? • To stay safe • To maintain the life of our buildings • To keep up with the changing world • To prepare our kids and give them the best resources and education available PHOTO

  14. Construction Bond Issue • Bond issue is an agreement to sell bonds to investors to fund facility improvements • Taxes are levied annually to pay back the investors with interest over a period of time.  (25-30 years – like a mortgage) • Must be approved by the voters • Allowed Expenses:  Major Remodeling, new facilities, busses, technology, furniture and land purchases. • Not Allowed:  Repairs, Bus Maintenance, Instructional Materials, Teacher or administrator salaries.

  15. Financing Strategy • Minimize Taxpayer Burden • Conservative interest rate and property tax value assumptions • Time phased with needs assessment • Mill increase no greater than 1 mill • One election for all phases PHOTO

  16. The Master Plan • 1 vote… 3 phases… 8 years • Phase 1 – 2014, $4.1 million • Phase 2 – 2018, $3.3 million • Phase 3 – 2022, $1.9 million • Increase millage by 1 mill level term PHOTO

  17. Millage Definition • The amount of mills needed for a given project(dollar amount) in a community depends on the value of the property in the area. • The mills generated can be used either to pay back a construction bond or to pay as you go for sinking fund projects.  • Property tax is calculated by taking the assessed value of a property, multiplying it by the mill rate and dividing it by 1,000. • Example:  $100,000 marketvalue home has an approximate $50,000 State Equalized Value (SEV) for tax purposes. To calculate millage: $50,000 / 1000 = $50 per year in additional taxes for every 1 mill

  18. Current Debt Mills

  19. The Impact of a 1 mill Increase • www.mytaxcalc.com/mendon

  20. Investment by Type & Phase

  21. Next Steps • Vote on February 25, 2014

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