Wawasee Looks At $9M Building Plan; Syracuse To Buy Fire Truck
July 28, 2016 at 4:25 p.m.
By John DeGroff-
This is a hearing open to the public, the purpose of which is to inform the school corporation's patrons and taxpayers, as required by law, of any construction/renovation of public school facilities costing $1,000,000 or more.
The scope of the project, as presented by Brian Bohlender (Bohlender, Barton, Coe, Vilamaa), involves work in five specific areas:[[In-content Ad]]n Reroof all areas with expired warranties, originally installed in 1992, 1994, 1995, and 1996.
n Remove metal mansard roofing on original buildings because of poor insulation, ice buildup inside, bird's nests, and complete needed refinishing; replace with insulated metal panels to match north addition; replace original single pane windows with insulated units and insulated panels.
n New construction on south side of gym; Industrial Tech classrooms, Fitness room, and locker room; allows for future revocation of kitchen/cafeteria in existing shop areas.
n HVAC upgrade-replace classroom HVAC units in north addition classrooms.
n Create safer main entrances with direct visual control and controlled access through office; additional security cameras and door controls; also addresses front entrances at other buildings.
Project financing was discussed by Jim Elizondo of City Securities. "Our estimate is working off of the architect's estimate, and our financing estimate," he said. "We anticipate roughly $8,732,500 of construction cost - that's the brick and mortar, plus architect fees, equipment, risk insurance, and all the other items needed in construction. If you were paying cash, that would be the end of the budget. But you'll have to go to the bond market like other schools around the state.
"Financing cost and capitalized interest amount to $267,500. This includes attorney fees, underwriter's fees, title insurance, rate agencies, factors such as this. We have to pay all these costs as part of the project. We're anticipating the bond issue of $9,000,000 to be repaid over a 6-1/2-year period of time," he said.
Breaking it down to the estimated tax impact, on a $100,000 home, the tax will be $4.21 per year, or $0.35 per month. On a $200,000 home, $12.57 per year, or $1.05 per month. On 50 acres of tillable farm land (land only), the tax is $9.00 per year, or $0.75 per month. On $50,000 of commercial property, $6.43 per year, or $0.54 per month.
While there was virtually no public input, Jamie McAdams, an Industrial Tech instructor with the corporation for 10 years, was quick to praise the proposed renovation of his classroom. "This is really going to help, especially in the wood shop," he said. "In the winter it's very cold and in the warmer months, very warm. We have high ceilings, and energy wise, we're probably wasting a lot of money. This will be a great step forward for energy savings. I think this is also a great step for the entire corporation."
To initiate the program, three motions were proposed: the 1028 resolution, the bond resolution, and needed additional appropriations resolutions. All were approved by the board.
Wawasee Community School Corporation board members are Mike Wilson, Rebecca Linnemeier, Dallas Winchester, George Gilbert and Mary Louise Dixon.
This is a hearing open to the public, the purpose of which is to inform the school corporation's patrons and taxpayers, as required by law, of any construction/renovation of public school facilities costing $1,000,000 or more.
The scope of the project, as presented by Brian Bohlender (Bohlender, Barton, Coe, Vilamaa), involves work in five specific areas:[[In-content Ad]]n Reroof all areas with expired warranties, originally installed in 1992, 1994, 1995, and 1996.
n Remove metal mansard roofing on original buildings because of poor insulation, ice buildup inside, bird's nests, and complete needed refinishing; replace with insulated metal panels to match north addition; replace original single pane windows with insulated units and insulated panels.
n New construction on south side of gym; Industrial Tech classrooms, Fitness room, and locker room; allows for future revocation of kitchen/cafeteria in existing shop areas.
n HVAC upgrade-replace classroom HVAC units in north addition classrooms.
n Create safer main entrances with direct visual control and controlled access through office; additional security cameras and door controls; also addresses front entrances at other buildings.
Project financing was discussed by Jim Elizondo of City Securities. "Our estimate is working off of the architect's estimate, and our financing estimate," he said. "We anticipate roughly $8,732,500 of construction cost - that's the brick and mortar, plus architect fees, equipment, risk insurance, and all the other items needed in construction. If you were paying cash, that would be the end of the budget. But you'll have to go to the bond market like other schools around the state.
"Financing cost and capitalized interest amount to $267,500. This includes attorney fees, underwriter's fees, title insurance, rate agencies, factors such as this. We have to pay all these costs as part of the project. We're anticipating the bond issue of $9,000,000 to be repaid over a 6-1/2-year period of time," he said.
Breaking it down to the estimated tax impact, on a $100,000 home, the tax will be $4.21 per year, or $0.35 per month. On a $200,000 home, $12.57 per year, or $1.05 per month. On 50 acres of tillable farm land (land only), the tax is $9.00 per year, or $0.75 per month. On $50,000 of commercial property, $6.43 per year, or $0.54 per month.
While there was virtually no public input, Jamie McAdams, an Industrial Tech instructor with the corporation for 10 years, was quick to praise the proposed renovation of his classroom. "This is really going to help, especially in the wood shop," he said. "In the winter it's very cold and in the warmer months, very warm. We have high ceilings, and energy wise, we're probably wasting a lot of money. This will be a great step forward for energy savings. I think this is also a great step for the entire corporation."
To initiate the program, three motions were proposed: the 1028 resolution, the bond resolution, and needed additional appropriations resolutions. All were approved by the board.
Wawasee Community School Corporation board members are Mike Wilson, Rebecca Linnemeier, Dallas Winchester, George Gilbert and Mary Louise Dixon.
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