Gruening MS Earthquake Repair and Improvements – $39,300,000
Bond work at Gruening Middle will extend the school's life expectancy by 25+ years.
Bond Work at Gruening
Design and construction funding for building-wide earthquake damage repairs, seismic upgrades and building, security, and educational improvements.
Earthquake recovery and educational improvements to Gruening are divided into three levels:
A) earthquake-caused damage repairs;
B) earthquake mitigation, seismic improvements and roof replacement;
C) security, efficiency, mechanical/electric, and environmental improvements.
Level A ($10.7 million) – Earthquake Damage Repairs. (FEMA Reimbursable)
Level B ($13.2 million) – Seismic Improvements and Roof Replacement
Level C ($15.4 million) – Safety, Security, Efficiency, Environmental Improvements
Impact to Taxpayers
- Two-Year Bond (No 2021 Bond)
- $29.1M less than the amount being paid off
- Estimated cost to taxpayers is $6.85 per $100,000 of assessed property valuation (accounts for $111.9M of paid off bond debt)
Two-Year Bond Cycle
ASD has entered a two-year bond cycle, meaning school bonds will not be on the ballot in 2021.