Community Informational Meetings PPt
April 5, 2016 Referendum SHARE THE VISION DISTRICT OF CHOICE
WE LISTENED | Not to Exceed $43,180,000 Proposed Projects
Budget
New Middle School on District Owned Land
$ 31,305,000
Mill Valley Elementary School – Additions and Renovations
$ 10,005,000
Lakeview Elementary School – Parking Lot Expansion & Playground Relocation
$ 450,000
Bay Lane / Country Meadows School – Renovation
$ 3,420,000 Total Project Cost:
Use of District Fund Balance
$ 45,180,000 ($ 2,000,000)
Total Referendum Cost:
$ 43,180,000
SHARE THE VISION DISTRICT OF CHOICE
The Need and Solution SHARE THE VISION DISTRICT OF CHOICE
GENERAL NEEDS IDENTIFIED BY MPC and SOLUTIONS Tess Corners El
Muskego El
1924 - Non-ADA - Aging Infrastructure - Systems exceeded useful life
1924 - Non-ADA - Aging Infrastructure - Systems exceeded useful life - Small site
Close and Sell
Close and Sell
Staff and Students move to remaining elementary schools
Staff and Students move to remaining elementary schools
Mill Valley El
Lakeview El
1925 1955 - Only school - ADA-Upgrades - Bldg component serving Town of replacement Norway - Site large enough - Important for for expansion future growth - Parking restrictions create safety issues Additions & Renovations --Support Additional Students --1925 Portion of Building Renovated --Cafeteria
Parking Lot Expansion --Playground Relocation
Country Meadows Lake Denoon MS Bay Lane 1968 -Classroom updates needed to best meet student needs
Renovations for Building --Support only Elementary Students
NEW Middle School
1998
None
Build on DistrictOwned Land on North Cape Road
SHARE THE VISION DISTRICT OF CHOICE All other projects identified through the process remain on the Master Plan until solutions to address & resolve them are established & deployed
PRELIMINARY SCHEDULE Project
Design
Bidding
Start Construction
Completion
Lakeview Elementary
April to June 2016
July 2016
August 2016
October 2016
Mill Valley Elementary
April to December 2016
January to March 2017
April 2017
August 2018
Bay Lane / Country Meadows
August to December 2016
January to March 2017
June 2018
August 2018
New Middle School
April to December 2016
January to March 2017
March 2017
August 2018
SHARE THE VISION DISTRICT OF CHOICE
The Cost SHARE THE VISION DISTRICT OF CHOICE
TAX LEVY OVER PAST 5 YEARS
SHARE THE VISION DISTRICT OF CHOICE
TAX IMPACT | $43,180,000 Referendum $.20 Mill Rate Increase Over 2015-16 School Mill Rate Tax Impact on Property with Fair Market Value $ 100,000 Home
$ 200,000 Home
Annual Impact
$ 20.00
Annual Impact
$ 40.00
Monthly Impact
$ 1.67
Monthly Impact
$ 3.33
$ 300,000 Home
$ 400,000 Home
Annual Impact
$ 60.00
Annual Impact
$ 80.00
Monthly Impact
$ 5.00
Monthly Impact
$ 6.67
Assumptions • 20-year borrowing • Estimated interest rate of 4% year one and 4.25% thereafter • Mill Rate based on 2015 Equalized Valuation (TID-OUT) of $3,136,271,240 with no annual growth Information Provided by Robert W. Baird & Co. Inc
SHARE THE VISION DISTRICT OF CHOICE
Frequently Asked Questions SHARE THE VISION DISTRICT OF CHOICE
FREQUENTLY ASKED QUESTIONS Where do the proceeds go from selling ME and TC? With the investment of $2M from fund balance into the projects, proceeds from the sales will be returned to fund balance.
Why is the impact on the levy lower in this referendum even though the total cost of project is more?
1) The district has had the opportunity to refinance and pay down 4 years of debt. The more debt we are able to pay off, the less tax impact there is. 2) Property values in the district have increased. In general terms, there are more people paying taxes in the community, which lowers the impact for everyone. 3) We are operating in an environment with lower interest rates than in 2011. This brings down the overall cost of the financing plan, thus lowering the tax impact.
How will attendance lines be drawn should TC and ME be closed?
A plan will be developed collaboratively based on factors such as: residential locations, neighborhoods, families, staffing and special student requirements.
SHARE THE VISION DISTRICT OF CHOICE
How does this proposal compare to previous referenda? Date
Amount
Mill Rate
Result
Scope of Referendum
Sept. 10, 1996
$ 12,700,000
$ 1.02
Passed
Lake Denoon Middle School (Built New)
Nov. 6, 2001
$ 36,600,000
$ .95
Passed
High School Additions and Renovations
Nov. 2, 2010
$ 34,060,000
$ .61
Failed
New Elementary School, Additions to Mill Valley, and Safe/Secure Entrances
Nov. 8, 2011
$ 29,900,000
$ .43
Failed
New Elementary School, Additions to Mill Valley & Lakeview, and Safe/Secure Entrances
April 5, 2016
$ 43,180,000
$ .20
To Be Determined
New Middle School, Additions to Mill Valley, & Upgrades to Country Meadows / Bay Lane
SHARE THE VISION DISTRICT OF CHOICE
FOR MORE INFORMATION Open House |
February 22nd – Muskego High School | 7:00 p.m. February 29th – Bay Lane /Country Meadows 6:30 p.m. March 9th – Mill Valley Elementary | 12:00 p.m. March 14th – Tess Corners Elementary | 12:00 p.m. March 14th – Lakeview Elementary | 6:30 p.m. March 23rd – Muskego Elementary | 6:30 p.m.
Website | muskegonorway.org/referendum Call | 262.971.1800 extension 1808 E-‐mail | [email protected]
SHARE THE VISION DISTRICT OF CHOICE
WE LISTENED | Not to Exceed $43,180,000 Proposed Projects
Budget
New Middle School on District Owned Land
$ 31,305,000
Mill Valley Elementary School – Additions and Renovations
$ 10,005,000
Lakeview Elementary School – Parking Lot Expansion & Playground Relocation
$ 450,000
Bay Lane / Country Meadows School – Renovation
$ 3,420,000 Total Project Cost:
Use of District Fund Balance
$ 45,180,000 ($ 2,000,000)
Total Referendum Cost:
$ 43,180,000
SHARE THE VISION DISTRICT OF CHOICE
The Need and Solution SHARE THE VISION DISTRICT OF CHOICE
GENERAL NEEDS IDENTIFIED BY MPC and SOLUTIONS Tess Corners El
Muskego El
1924 - Non-ADA - Aging Infrastructure - Systems exceeded useful life
1924 - Non-ADA - Aging Infrastructure - Systems exceeded useful life - Small site
Close and Sell
Close and Sell
Staff and Students move to remaining elementary schools
Staff and Students move to remaining elementary schools
Mill Valley El
Lakeview El
1925 1955 - Only school - ADA-Upgrades - Bldg component serving Town of replacement Norway - Site large enough - Important for for expansion future growth - Parking restrictions create safety issues Additions & Renovations --Support Additional Students --1925 Portion of Building Renovated --Cafeteria
Parking Lot Expansion --Playground Relocation
Country Meadows Lake Denoon MS Bay Lane 1968 -Classroom updates needed to best meet student needs
Renovations for Building --Support only Elementary Students
NEW Middle School
1998
None
Build on DistrictOwned Land on North Cape Road
SHARE THE VISION DISTRICT OF CHOICE All other projects identified through the process remain on the Master Plan until solutions to address & resolve them are established & deployed
PRELIMINARY SCHEDULE Project
Design
Bidding
Start Construction
Completion
Lakeview Elementary
April to June 2016
July 2016
August 2016
October 2016
Mill Valley Elementary
April to December 2016
January to March 2017
April 2017
August 2018
Bay Lane / Country Meadows
August to December 2016
January to March 2017
June 2018
August 2018
New Middle School
April to December 2016
January to March 2017
March 2017
August 2018
SHARE THE VISION DISTRICT OF CHOICE
The Cost SHARE THE VISION DISTRICT OF CHOICE
TAX LEVY OVER PAST 5 YEARS
SHARE THE VISION DISTRICT OF CHOICE
TAX IMPACT | $43,180,000 Referendum $.20 Mill Rate Increase Over 2015-16 School Mill Rate Tax Impact on Property with Fair Market Value $ 100,000 Home
$ 200,000 Home
Annual Impact
$ 20.00
Annual Impact
$ 40.00
Monthly Impact
$ 1.67
Monthly Impact
$ 3.33
$ 300,000 Home
$ 400,000 Home
Annual Impact
$ 60.00
Annual Impact
$ 80.00
Monthly Impact
$ 5.00
Monthly Impact
$ 6.67
Assumptions • 20-year borrowing • Estimated interest rate of 4% year one and 4.25% thereafter • Mill Rate based on 2015 Equalized Valuation (TID-OUT) of $3,136,271,240 with no annual growth Information Provided by Robert W. Baird & Co. Inc
SHARE THE VISION DISTRICT OF CHOICE
Frequently Asked Questions SHARE THE VISION DISTRICT OF CHOICE
FREQUENTLY ASKED QUESTIONS Where do the proceeds go from selling ME and TC? With the investment of $2M from fund balance into the projects, proceeds from the sales will be returned to fund balance.
Why is the impact on the levy lower in this referendum even though the total cost of project is more?
1) The district has had the opportunity to refinance and pay down 4 years of debt. The more debt we are able to pay off, the less tax impact there is. 2) Property values in the district have increased. In general terms, there are more people paying taxes in the community, which lowers the impact for everyone. 3) We are operating in an environment with lower interest rates than in 2011. This brings down the overall cost of the financing plan, thus lowering the tax impact.
How will attendance lines be drawn should TC and ME be closed?
A plan will be developed collaboratively based on factors such as: residential locations, neighborhoods, families, staffing and special student requirements.
SHARE THE VISION DISTRICT OF CHOICE
How does this proposal compare to previous referenda? Date
Amount
Mill Rate
Result
Scope of Referendum
Sept. 10, 1996
$ 12,700,000
$ 1.02
Passed
Lake Denoon Middle School (Built New)
Nov. 6, 2001
$ 36,600,000
$ .95
Passed
High School Additions and Renovations
Nov. 2, 2010
$ 34,060,000
$ .61
Failed
New Elementary School, Additions to Mill Valley, and Safe/Secure Entrances
Nov. 8, 2011
$ 29,900,000
$ .43
Failed
New Elementary School, Additions to Mill Valley & Lakeview, and Safe/Secure Entrances
April 5, 2016
$ 43,180,000
$ .20
To Be Determined
New Middle School, Additions to Mill Valley, & Upgrades to Country Meadows / Bay Lane
SHARE THE VISION DISTRICT OF CHOICE
FOR MORE INFORMATION Open House |
February 22nd – Muskego High School | 7:00 p.m. February 29th – Bay Lane /Country Meadows 6:30 p.m. March 9th – Mill Valley Elementary | 12:00 p.m. March 14th – Tess Corners Elementary | 12:00 p.m. March 14th – Lakeview Elementary | 6:30 p.m. March 23rd – Muskego Elementary | 6:30 p.m.
Website | muskegonorway.org/referendum Call | 262.971.1800 extension 1808 E-‐mail | [email protected]
SHARE THE VISION DISTRICT OF CHOICE
