Anchorage School District | April 2011 Bond Information

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School Bonds

April 5, 2011 election

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Voters did not
approve this bond

ASD School Bond Proposition 1

$37,132,000
Completes renovation and addition to Service High School

Project description

Operating and maintenance costs will be reduced
Facility's useful life will be extended

Project costs

State to pay majority of project costs through
grant and debt reimbursement

Originally built in 1971 as a junior/senior high school, Service didn't become a 9–12 high school until 13 years later. In 2000, the district created a master plan to renew and extend the building's functionality through phases of construction. Less than half of the facility's 320,000 square feet has been renovated. In 2008, the master plan was revised to reduce construction costs by conserving more of the existing building. Remaining areas for upgrade equal the size of three elementary schools. The project includes:

Career, technical and vocational education classrooms
Library/instructional media center
Dining and food services
Special education area
Physical education
Administration area
700-seat auditorium
Performing arts classrooms
Automatic sprinkler system installation
Traffic and parking improvements

The total cost of the construction project is estimated at approximately $68 million. A $21 million state grant was approved to go towards the cost of the project. In addition, ASD is asking voters to spend $10 million of previously approved but unused bond funding from other projects to go towards the Service project. The remaining costs are covered in this bond proposition. Also, the state has approved 60 percent debt reimbursement for a large portion–$28 million–of the bond request. The state approval to cover the majority of the costs significantly lowers the burden on taxpayers within the Municipality of Anchorage.

$68.4 million	total project cost	$5.19 Cost of bond per $100,000 with reimbursement
—$21.3 million	state grant
—$10.0 million	redirected bonds
$37.1 million	Proposition 1
—$16.8 million	60% state debt reimbursement of $28 million
$20.3 million	principal amount of bond

Voters did not
approve this bond

ASD School Bond Proposition 2

$16,865,000

Project descriptions

Funds Building Life Extension and Design projects districtwide

Renovation design projects

Airport Heights Elementary
Girdwood K–8
Gladys Wood Elementary
Inlet View Elementary

Career, Technical and Vocational Education design

West High
Romig Middle

Safety upgrades

Mears Middle
Mirror Lake Middle
Student Nutrition

Roof replacement projects

Chugiak High
Rabbit Creek Elementary
Turnagain Elementary

Communication system projects

Inlet View Elementary
Scenic Park Elementary

Lighting upgrade projects

Eagle River Elementary
Huffman Elementary

Athletic facility upgrade

Chugiak High

Heating system projects

Bear Valley Elementary
College Gate Elementary
Spring Hill Elementary

Dressing room upgrade

West High

Relocatable upgrade projects

Districtwide

Project costs

State to pay 60-70% of total costs through debt reimbursement
$540,000 of projects to extend building life are not eligible for debt reimbursement

$16.9 million	total project cost	$1.52 Cost of bond per $100,000 with reimbursement
—$7.9 million	70% reimbursement Eligible building life extension projects
—$3.1 million	60% reimbursement Design projects
$5.9 million	principal amount of bond

Voters approveD
this bond

ASD School Bond Proposition 3

$17,000,000

Project descriptions

Improves and expands Career, Technical and Vocational Education programs at existing schools

Bartlett High
Chugiak High
Dimond High
Eagle River High
East High
King Career Center
Service High

Begich Middle
Central Middle
Hanshew Middle
Mears Middle
Wendler Middle

Project costs

State to pay 70% of total costs through
debt reimbursement

$17 million	total project cost	$1.30 Cost of bond per $100,000 with reimbursement
—$11.9 million	70% reimbursement
$5.1 million	principal amount of bond

Bond debt retired
Since April 2008	Next five years
ASD has retired $148 million in bond debt since the last school bonds were approved by voters in April 2008.	Over the next five years, the district will pay off $52 – $58 million of bonds each year, totaling more than $279 million.

April 2011
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ASD School Bond Proposition 1

Project description

Project costs

ASD School Bond Proposition 2

Project descriptions

Project costs

ASD School Bond Proposition 3

Project descriptions

Project costs

Bond debt retired