Zero Tax Rate Change Bond Issue April 7, 2020 Ballot What is Prop - - PowerPoint PPT Presentation

April 7, 2020 Ballot

Zero Tax Rate Change Bond Issue

What is Prop S?

• Proposition S is a $19.5 million zero tax rate

change bond issue on the April 7 ballot.

• Voter approval would allow the District to borrow

money to address pressing facility needs at all Ritenour’s elementary and middle schools and Ritenour High School.

• Because of solid financial management and a

recent increase in property values, Ritenour can make repairs and renovations without raising the debt service tax rate for district residents .

Why is Prop S Important?

• Ritenour has nearly one million square feet of

school facilities with a replacement value of more than $300 million.

• The average age of a Ritenour school is 50 years!
• These buildings are safe and well constructed, but

require extensive ongoing maintenance, repair and renovation just like our homes.

• Ritenour has a responsibility to ensure these

facilities are properly maintained for future generations of students.

When is the Election?

• The election takes place on Tuesday, April 7, 2020.
• Passage of Proposition S requires 57.14 percent

(4/7) yes vote – not just a simple majority.

What is a Bond Issue?

• A bond issue is a traditional way for schools to

borrow money to pay for major school maintenance and repair projects such as repairing tuck-pointing, replacing HVAC units, addressing safety and security needs or making upgrades to worn-out areas.

• Bonds allow schools to pay for costly repairs and

renovation over time instead of having to pay all at

• nce. They also allow schools to devote most of

their day-to-day operating budgets for classroom instruction and student supports instead of major repair work.

How will the funds be used?

• Money from bond issues can only be used for

capital expenses, such as major maintenance, repairs and renovations and equipment.

• Bond funds cannot be used for operating

expenses such as salaries, benefits, transportation costs, utilities, textbooks or other supplies.

Prop S: Proposed Scope of Work

HVAC Replacements & Upgrades $9,850,000 Tuck-Pointing $600,000 Interior Finishes (includes painting) $250,000 Asphalt/Parking $505,000 Lighting/Energy Efficiency Replacements & Upgrades $2,860,000 Replace Playground Pads $165,000 Cafeteria Upgrades $1,200,000 Entry Canopies $415,000 RHS Weight Room & Wellness Center $1,200,000 Safety & Security Upgrades $2,455,000 Total $19,500,000

List of Projects by School

Buder Elementary

• Reconfigure Main Entry to

Increase Safety & Security ○ Improved Building Access Controls

• New Entry Canopy
• Replacement of Playground Pad
• Cafeteria Updates
• HVAC Upgrades
• Additional Safety & Security

Upgrades

• Lighting Upgrades & Energy

Efficiency Improvements

• Exterior Brick Tuck-Pointing
• Painting
• Asphalt/Parking Lot Repairs

Iveland Elementary

• HVAC Upgrades
• Safety & Security Upgrades
• Cafeteria Updates
• Lighting Upgrades & Energy

Efficiency Improvements

• Exterior Brick Tuck-Pointing
• Painting
• Asphalt/Parking Lot Repairs

List of Projects by School

Kratz Elementary

• Reconfigure Main Entry to

Increase Safety & Security ○ Improved Building Access Controls

• New Entry Canopy
• Replacement of Playground Pad
• Cafeteria Updates
• HVAC Upgrades
• Additional Safety & Security

Upgrades

• Lighting Upgrades & Energy

Efficiency Improvements

• Exterior Brick Tuck-Pointing
• Painting
• Asphalt/Parking Lot Repairs
• Addition of New Parking Lot on

the North Side of School

Marion Elementary

• Reconfigure Main Entry to

Increase Safety & Security ○ Improved Building Access Controls

• Replacement of Playground Pads
• HVAC Upgrades
• Additional Safety & Security

Upgrades

• Cafeteria Updates
• Lighting Upgrades & Energy

Efficiency Improvements

• Exterior Brick Tuck-Pointing
• Painting
• Asphalt/Parking Lot Repairs

List of Projects by School

Marvin Elementary

• Reconfigure Main Entry to

Increase Safety & Security ○ Improved Building Access Controls

• Replacement of Playground Pads
• HVAC Upgrades
• Additional Safety & Security

Upgrades

• Cafeteria Updates
• Lighting Upgrades & Energy

Efficiency Improvements

• Exterior Brick Tuck-Pointing
• Painting
• Asphalt/Parking Lot Repairs

Wyland Elementary

• Reconfigure Main Entry to

Increase Safety & Security ○ Improved Building Access Controls

• Replacement of Playground Pad
• HVAC Upgrades
• Additional Safety & Security

Upgrades

• Cafeteria Updates
• Lighting Upgrades & Energy

Efficiency Improvements

• Exterior Brick Tuck-Pointing
• Painting
• Asphalt/Parking Lot Repairs

List of Projects by School

Hoech Middle

• Reconfigure Main Entry to

Increase Safety & Security ○ Improved Building Access Controls

• New Entry Canopy
• HVAC Upgrades
• Additional Safety & Security

Upgrades

• Cafeteria Updates
• Lighting Upgrades & Energy

Efficiency Improvements

• Exterior Brick Tuck-Pointing
• Painting
• Asphalt/Parking Lot Repairs

Ritenour Middle

• Reconfigure Main Entry to

Increase Safety & Security ○ Improved Building Access Controls

• HVAC Upgrades
• Additional Safety & Security

Upgrades

• Cafeteria Updates
• Lighting Upgrades & Energy

Efficiency Improvements

• Exterior Brick Tuck-Pointing
• Painting
• Asphalt/Parking Lot Repairs

List of Projects by School

Ritenour High School

• New Weight Room / Wellness Center
• Cafeteria Renovations /

Reconfiguration

• HVAC Upgrades
• Additional Safety & Security Upgrades
• Lighting Upgrades & Energy

Efficiency Improvements

• Exterior Brick Tuck-Pointing
• Painting