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Mendon Community Schools 2013 Bond Proposal

Mendon Community Schools 2013 Bond Proposal. MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Facility Assessment Overview Cost Assessments Funding Options

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Page 1: Mendon Community Schools 2013 Bond Proposal. MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Facility Assessment Overview Cost Assessments Funding Options

Mendon Community Schools2013 Bond Proposal

Page 4: Mendon Community Schools 2013 Bond Proposal. MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Facility Assessment Overview Cost Assessments Funding Options

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL

Assessment – Elementary

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

Site Recommendations - $456,000

Page 5: Mendon Community Schools 2013 Bond Proposal. MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Facility Assessment Overview Cost Assessments Funding Options

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL

Assessment – Elementary

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

Architectural Recommendations - $2,513,000

Page 6: Mendon Community Schools 2013 Bond Proposal. MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Facility Assessment Overview Cost Assessments Funding Options

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL

Assessment – Elementary

Heating and cooling distribution system needs to be replaced

Internal water distribution system needs to be replaced

Upgrade HVAC controls – pneumatic to digital

Mechanical Recommendations - $535,000

Page 7: Mendon Community Schools 2013 Bond Proposal. MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Facility Assessment Overview Cost Assessments Funding Options

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL

Assessment – Elementary

Electrical Recommendations - $115,000

Replace older electrical panels Upgrade emergency lighting

Additional Work - $205,000

Remove existing 1906 building Remove existing medical office building

Page 9: Mendon Community Schools 2013 Bond Proposal. MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Facility Assessment Overview Cost Assessments Funding Options

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL

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

Page 11: Mendon Community Schools 2013 Bond Proposal. MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Facility Assessment Overview Cost Assessments Funding Options

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL

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

Upgrade technology Purchase new busses

Additional Recommendations - $1,697,000

Page 12: Mendon Community Schools 2013 Bond Proposal. MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Facility Assessment Overview Cost Assessments Funding Options

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL

Lifespan of Building Systems

Building System Life Expectancy

Architectural – Doors, Windows, Roofs etc. 20 years

Plumbing systems 30 – 40 years

HVAC Systems    15 – 40 years

Lighting / Electrical 20 – 25 years

Cabinets / Fixtures  30 years

Interior Finishes / Furniture  10 years

PHOTO

Building Original Year Built Age

Elementary School 1955 (renovated 2005) 58

Middle/High School 1976 (renovated 2005) 37

Page 13: Mendon Community Schools 2013 Bond Proposal. MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Facility Assessment Overview Cost Assessments Funding Options

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL

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

Page 14: Mendon Community Schools 2013 Bond Proposal. MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Facility Assessment Overview Cost Assessments Funding Options

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL

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.

Page 15: Mendon Community Schools 2013 Bond Proposal. MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Facility Assessment Overview Cost Assessments Funding Options

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL

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

Page 16: Mendon Community Schools 2013 Bond Proposal. MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Facility Assessment Overview Cost Assessments Funding Options

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL

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

Page 17: Mendon Community Schools 2013 Bond Proposal. MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Facility Assessment Overview Cost Assessments Funding Options

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL

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 market value 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

Page 18: Mendon Community Schools 2013 Bond Proposal. MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Facility Assessment Overview Cost Assessments Funding Options

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL

Current Debt MillsSchool Mills

Sturgis 8.37

Mendon 7

Constantine 6.8

Three Rivers 6.3

Colon 5.6

Centreville 4.0

White Pigeon 3

Nottawa 0

Burr Oak 0

Page 19: Mendon Community Schools 2013 Bond Proposal. MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Facility Assessment Overview Cost Assessments Funding Options

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL

The Impact of a 1 mill Increase

www.mytaxcalc.com/mendon

Home Market Value

Taxable Value

Average Annual Increase

Average monthly tax increase

$50,000 $25,000 $25 $5.17

$100,000 $50,000 $50 $4.16

$150,000 $75,000 $75 $6.25

$200,000 $100,000 $100 $8.33

Page 20: Mendon Community Schools 2013 Bond Proposal. MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Facility Assessment Overview Cost Assessments Funding Options

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL

Investment by Type & Phase

Category Phase 1 [2014-2017]

Phase 2 [2017-2020]

Phase 3 [2021-2024]

Grand Total

Percentage of total

Building Renovation

$2,787,600 $2,178,000 $976,000 $5,941,600

64%

Athletics $0 $225,000 $22,000 $247,000 2%

Tech $38,000 $0 $0 $38,000 0.4%

Parking Lot $0 $210,000 $300,000 $510,000 5%

Technology $400,000 $300,000 $300,000 $1,000,000

10%

Security $204,000 $181,000 $30,000 $415,000 4%

Grounds $246,000 $13,000 $29,000 $288,000 3%

Demolition $205,000 $0 $0 $205,000 2%

Buses $265,432 $203,078 $228,586 $697,096 7%

Grand Total $4,146,032 $3,310,078 $1,885,586 $9,341,696

100%