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Past Meeting Videos & Materials
Community Meeting Extra Materials (February 2017)
Option 1: Renovation & Addition
Option 1: Renovation & Addition
PowerPoint Presentation
(9 slides)
Video
(overview of all three options starts at about 00:28:00; presentation on Option 1 starts at about 00:30:24)
2021 project completion
Today's fifth graders enter renovated school
No commercial/economic development
$65 million cost (estimated)
30 year term, 4 percent interest
$3.7 million annual debt service
9.25 cents on the real estate tax rate, which is $650 per year for an average household ($700,000 home)
$0 in potential sale or lease value (due to no commercial/economic development)
$0 annual tax yield (due to no commercial/economic development)
Summary
Lowest direct cost
Higher annual maintenance costs
No land sale, no commercial/economic development
Background
Affordability
Option 1: Renovation & Addition
Option 2: Build New in Two Phases
Option 3: Build New in One Phase
Commercial or Economic Development
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