• Bond cost by category

    High School, Seismic & Access • $1.10 per $1000 of assessed value
    spacer
    microscope$5M
    Educational facility upgrades
    Upgrade grades 6-8 science classrooms with sinks and electrical outlets at as many as 38 schools.
    roof$69.5M Seismic and other building upgrades
    Seismic strengthening at as many as 26 schools. Replace and seismically brace roofs at as many as 14 schools. Replace roofs at as many as 8 schools. Upgrade accessibility to educational programs at as many as 33 schools.
    microscope$233M Full modernizations or replacement
    These schools are identified as potential modernizations or replacement:
    • High schools with high seismic risk .
    • High schools with major access upgrades needed.
    • Faubion = capital partnership with Concordia University.
    3 high schools spacer GrantGrant $95M spacer FranklinFranklin $85M spacer RooseveltRoosevelt $70M
    1 K-8   Rosa Parks Faubion $28M            
    hand$45M Debt repayment
    Rosa Parks Rosa Parks K-8.
    boiler Boiler conversions, prior roof replacements and other financed capital projects.
    microscope$84.5M Program costs
    Required reserves, materials and labor cost escalation, bond issuance costs and site upgrades and transportation to buildings where students attend school while their school is renovated. Master planning for 6 high schools ($1.5 million).

    $482M

    Total Bond Program
    Estimated rate: $1.10/$1,000 of assessed value over 8 years, $0.30 over an additional 12 years.