4. Facilities
“Even
if
you’re
on
the
right
track,
you’ll
get
run
over
if
you
just
sit
there.”
—
Will
Rogers
5. This is about our kids!
“People
who
are
crazy
enough
to
think
they
can
change
the
world,
are
the
ones
who
do.”
—
Apple
Computers
6.
7.
8.
9.
10. “I’ve
missed
more
than
9,000
shots
in
my
career.
I’ve
lost
almost
300
games.
26
Omes,
I’ve
been
trusted
to
take
the
game
winning
shot
and
missed.
I’ve
failed
over
and
over
and
over
again
in
my
life.
And
that
is
why
I
succeed.”
—
Michael
Jordan
Early grades, larger classes …
Next year:
high school all grades above 30
11. The longest school
”Whether
you
think
you
can
or
think
you
can’t,
you’re
right.”
—
Henry
Ford
12. How did we
get here?
“The
difference
between
ordinary
and
extraordinary
is
that
liUle
extra.”
—
Jimmy
Johnson
13. November 8
“The
best
way
to
predict
the
future
is
to
create
it.”
—
Abraham
Lincoln
15. “Twenty
years
from
now
you
will
be
more
disappointed
by
the
things
that
you
didn’t
do
than
by
the
ones
you
did
do.
So
throw
off
the
bowlines.
Sail
away
from
the
safe
harbor.
Catch
the
trade
winds
in
your
sails.
Explore.
Dream.
Discover.”
—
Mark
Twain
16. What does this cost?
RJ Naughton, a senior associate at Stauder Barch & Associates, a
financial firm, explains that the bond amount of $6,735,000 will fund a
project amount of $6,300,000 million, bond issuance costs, as well as
capitalized interest. Capitalized interest is needed to cover the first
bond payment on November 1 since that occurs before the first
possible debt levy on December 1.
The interest on the bonds will be determined when the bonds are
priced. There will be a fixed interest rate on the bonds and an additional
variable interest rate on the School Bond Loan Fund loan. The SBLF
interest cost depends on future Taxable Value and actual SBLF interest
rate. Currently the interest rate on a 30 year bond is approximately
5.15% and the interest rate on the SBLF loan is approximately 5%. For
projection purposes, we estimated a 5.75% rate on the bonds and a 5%
rate for the SBLF loan.
The bond term is just under 30 years. The number of years at the
highest millage of 7.85 mills depends on future Taxable Value. Millage
will be levied throughout the bond term and it is possible that the
highest millage will levied for less than the bond term.
17. “The
only
thing
worse
than
being
blind
is
having
sight
but
no
vision.”
—
Helen
Keller
$6,735,000
2.35 mil increase
29 years, 3 months
19. Facility
Improvement
Team
Michael
R.
Barley
Lewis
Chalker
David
L.
Chryst,
Co–Chair
The
Facility
Improvement
Team
Dennis
Kuhn
met
several
Omes
from
April
to
Pat
Kuhn
June
to
formulate
a
plan
to
Todd
Kulawiak
recommend
to
the
Board
of
Réne
LaFreniere
EducaOon.
The
team
had
14
Jennifer
Marlow,
Co–Chair
Nicole
Miller
regular
members,
though
Chris
Nuckels
others
did
aUend
some
of
the
Ray
Pahl
meeOngs.
Bob
Sommerville,
AAI,
Inc.
Rob
Train,
Granger
ConstrucOon
Co.
Jason
VanBrocklin
