School Bond Information, April 1, 2003 Election
Propositions 9, 10, 11

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On December 9, 2002 the Anchorage School Board approved three bond propositions to go before the Anchorage voters in April 2003. The Anchorage Municipal Assembly approved the package on February 11, 2003.

	Proposition 9 - Major Maintenance, Equipment, and Land Acquisition, $41,790,000	Bond overview
	Proposition 10 - Administrative and Training Facility, $42,000,000
	Proposition 11 - School Renovations/Additions/Replacement, $125,540,000

ASD Memorandum #133  - 2003 General Obligation Bond Recommendations, Amended December 9, 2002

• Attachment A: Recommended 2003 Bond Projects
• Attachment B: Project Descriptions- Districtwide Major Maintenance Projects
• Attachment C: Project Descriptions – Capital Projects and Other Projects
• Attachment D: Six Year CIP 2002-2008 (Tables 1 and 2)
• Attachment E: Capital Request Committee Meeting Minutes-November 12, 2002
• Attachment F: Capital Request Committee Meeting Minutes-November 21, 2002
• Projects that will increase annual operations and maintenance costs

 

Proposition 9 — Major Repairs, Renewals, Equipment and Land Projects Estimated Project Costs Estimated Increase in Annual Operations & Maintenance Costs State Reimbursement* Mechanical Upgrades (21 schools) $ 3,990,000 $0 70% Code/Hazmat/ADA Projects (districtwide) 2,365,000 0 70% Electrical Projects (24 schools) 5,257,000 0 70% Roof Replacements and Repairs (13 schools) 3,499,000 0 70% Minor Building Renewal Projects (32 schools) 5,678,000 0 70% Restroom Upgrades (19 schools) 2,083,000 0 70% Traffic Safety/Site Upgrades (10 schools) 4,128,000 0 70% Security Upgrades – Locks: Phase I (districtwide) 750,000 0 70% Emergency Preparedness/Shelters (18 schools) 3,200,000 0 0% 10 School Buses 840,000 0 100% (principal only) Site Selection and Acquisition 10,000,000 0 0% TOTAL $ 41,790,000 $0

Proposition 10 — Administrative and Training Facility Projects Estimated Project Costs Estimated Increase in Annual Operations & Maintenance Costs State Reimbursement* Administrative and Training Facility $ 42,000,000 $ 558,600 60% TOTAL $ 42,000,000 $ 558,600

Proposition 11 — School Renovation and Construction Projects Estimated Project Costs Estimated Increase in Annual Operations & Maintenance Costs State Reimbursement* Bartlett High School – Phase 2 Construction Renovate central area classrooms, build new science labs and 600-seat theater, upgrade core mechanical and electrical systems, improve south parking lot and administration areas $ 26,940,000 $70,300 70% Chester Valley Elementary School – Design Funding Design renovation/addition of kindergarten classrooms, music classroom improvements, multipurpose room renovation, and other school improvement projects 750,000 0 60% Chugach Optional School – Construction Funding Build additional kindergarten classroom and art room, upgrade building systems, site improvements, renovate library and administrative areas 7,000,000 49,625 60% New Eagle River Area High School – Construction Funding 51,000,000 2,129,575 60% East High School – Phase 3 Construction, Phase 4 Design Funding Build 700-seat theater, improve south entry and student parking area, upgrade performing arts, life skills and home economics classrooms 18,200,000 0 70% Polaris K-12 School – Construction Funding Build additional classrooms and addition to gym, upgrade mechanical and electrical systems, site improvements 18,600,000 164,900 60% Sand Lake Elementary School – Design Funding Design classroom addition, interior renovation and site improvements 750,000 0 60% Service High School – Phase 2A Deferred Inflation, Phase 2B, 3 and 4 Design Deferred construction inflation, design renovation/addition to two-story west classroom wing and art classrooms 2,300,000 0 70% TOTAL $ 125,540,000. $2,414,400

*Subject to annual legislative appropriation.

Local Tax Impact Proposition 9 $41,790,000 State reimbursement* $20,265,000 Estimated annual tax increase for every $100,000 of property value to retire debt $9.97 Estimated annual increase in tax cap for every $100,000 of property value to pay for operation and maintenance costs related to the proposed educational capital improvements $0 Proposition 10 $42,000,000 State reimbursement* $25,200,000 Estimated annual tax increase for every $100,000 of property value to retire debt $7.50 Estimated annual increase in tax cap for every $100,000 of property value to pay for operation and maintenance costs related to the proposed educational capital improvements $2.98 Proposition 11 $125,540,000 State reimbursement* $80,068,000 Estimated annual tax increase for every $100,000 of property value to retire debt $20.29 Estimated annual increase in tax cap for every $100,000 of property value to pay for operation and maintenance costs related to the proposed educational capital improvements $12.87 Total–Prop. 9, 10, 11 combined Estimated annual tax increase for every $100,000 of property value to retire debt $37.76 *Subject to annual legislative appropriation.