Mendon Community Schools 2013 Bond Proposal

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Facility Assessment Overview Cost Assessments Funding Options Program Schedule Overview

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL What We Looked At Existing conditions Needs of the school Priorities

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

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

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

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

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Assessment – Middle/High School Long term asphalt paving replacement Running Track Replacement PHOTO Site/Master Recommendations - $524,600

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

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Assessment – Middle/High School Replace boilers and piping Replace main gym and café AHUs Mechanical Recommendations - $1,068,000

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

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Lifespan of Building Systems Building SystemLife Expectancy Architectural – Doors, Windows, Roofs etc.20 years Plumbing systems30 – 40 years HVAC Systems 15 – 40 years Lighting / Electrical20 – 25 years Cabinets / Fixtures 30 years Interior Finishes / Furniture 10 years PHOTO BuildingOriginal Year BuiltAge Elementary School1955 (renovated 2005) 58 Middle/High School1976 (renovated 2005) 37

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

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.

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

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

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

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Current Debt Mills SchoolMills Sturgis8.37 Mendon7 Constantine6.8 Three Rivers6.3 Colon5.6 Centreville4.0 White Pigeon3 Nottawa0 Burr Oak0

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL The Impact of a 1 mill Increase Home Market ValueTaxable ValueAverage 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

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Investment by Type & Phase CategoryPhase 1 [ ] Phase 2 [ ] Phase 3 [ ] Grand TotalPercentage of total Building Renovation$2,787,600$2,178,000$976,000$5,941,60064% Athletics$0$225,000$22,000$247,0002% Tech$38,000$0 $38,0000.4% Parking Lot$0$210,000$300,000$510,0005% Technology$400,000$300,000 $1,000,00010% Security$204,000$181,000$30,000$415,0004% Grounds$246,000$13,000$29,000$288,0003% Demolition$205,000$0 $205,0002% Buses$265,432$203,078$228,586$697,0967% Grand Total$4,146,032$3,310,078$1,885,586$9,341,696100%

MENDON COMMUNITY SCHOOLS 2013 BOND PROPOSAL Vote on February 25, 2014 Next Steps