Proposition 5 - 2002
| School Renovations/
Additions/ Replacements
|
$52.125 million
|
| Taxes per $100,000 of assessed valuation: |
$26.36 and $1.18 O&M |
Printable
version (Very large: 608K) 
Shall Anchorage borrow up to $52,125,000 through the
issuance of general obligation bonds to pay for educational capital
improvements within Anchorage and increase the municipal tax cap by an
amount of $198,794 to pay for associated annual operations and maintenance
costs?
Projects |
Estimated
Project Costs |
Estimated Increase in
Annual Operations
& Maintenance Costs
|
| Bartlett High
School, Phase 2 Design
|
$1,900,000 |
$0 |
| |
Designs the second phase of a
four-phase renovation. |
|
|
| Chugiak High
School, Deferred Phase 3 Design/Construction
|
4,300,000 |
0 |
| |
Constructs deferred projects in Phase 3 of a four-phase renovation. |
|
|
| Dimond High
School, Demolition Funding
|
3,000,000 |
0 |
| |
In 1999 voters approved funding for the construction of a
replacement Dimond High School. This project demolishes the remaining buildings
(except Gym/Pool building) and completes site improvements including parking lots,
walkways and ball fields. |
|
|
| East High
School, Deferred Ph. 1 Design/Construction
|
1,500,000 |
0 |
|
Phase 2 & Sprinklers
Design/Construction |
4,200,000 |
0 |
|
Phase 3 Design |
1,200,000 |
0 |
| |
Completes entry ways and parking lots, adds fire sprinkler system
and designs Phase 3 auditorium and classrooms. Constructs a classroom wing shell to
house a temporary IMC/library (classroom space completion of this area is planned for
Phase 4). |
|
|
| Polaris
K-12 School Design
|
700,000 |
0 |
| |
Designs the two-phase renovation of the K-12 school,
including gymnasium, classrooms, electrical upgrades and site improvements. |
|
|
| Service High
School,
Deferred Phase I Design/Construction |
1,350,000 |
0 |
|
Phase 2A Design/Construction |
17,000,000 |
81,142 |
| |
Upgrades east parking lot, renovates and expands two story
classroom wing, installs fire sprinklers, upgrades boiler and electrical systems. |
|
|
| Wendler Middle
School, Phase 2
Construction matching funds for State EED Grant |
9,800,000 |
36,307 |
| |
Renovates facility to provide
new general and science classrooms, resource/small group teaching
spaces, plus kitchen/cafetorium, technology ed, family/consumer
science and art education space. Renovated areas would include band,
orchestra, physical education, special education, counseling and
administrative areas. Additionally, a new arctic entry is included on the
southwest side of the school. A sprinkler system
will be provided, technology upgrades along with other infrastructure improvements to
the mechanical and electrical systems. |
|
|
| Ptarmigan
Elementary, Design/Construction
School |
6,400,000 |
81,345 |
| |
Adds 10 classrooms and a multipurpose room. The school is
currently operating at 150 percent of capacity. |
|
|
| Planning, Whaley School
Assessment, Clark Middle School Planning,
Birchwood ABC, Willowcrest Elementary Traffic
Safety |
275,000 |
0 |
| Chugach Optional
School, Planning/Design |
500,000 |
0 |
TOTAL |
$52,125,000 |
$198,798 |
Voter approval of this bond proposition authorizes for each $100,000 of
assessed real and personal property value (based on the estimated 2002
assessed valuation): (i) an annual increase in taxes of approximately
$26.36 to retire the proposed bonds, and (ii) an annual increase in the
municipal tax cap (Charter 14.03(b)(2)) of approximately $1.18 to pay for
the annual operation and maintenance costs related to the proposed capital
improvements.
The debt will be paid from real and personal property taxes levied and
collected areawide in Anchorage. Anchorage will also pledge its full faith
and credit for payment of the debt.
Anchorage is currently seeking State reimbursement for payment of 70%
of the principal and interest on approximately $3,700,000 of these
bonds.
|
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