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Community Informational Meeting

Madison Public Schools
From the Desk of the Superintendent
Alan Ehlers


Board of Education hosts community informational meeting

 

On January 29,2018 the Board of Education hosted a community informational meeting to share ideas that are being considered for future Building needs of Madison Public Schools.

Three concepts were presented for consideration. 

  • The Red Plan – Construction of a practice gym and locker rooms on the Southeast corner of the current gym, performing arts building to be located on the Northwest corner near the Middle School wing. Development of an area for Concessions. Estimated cost for new construction is $4.8 Million.

  • The White Plan – Construction of a new Competition gym and locker rooms to be located on the Northwest corner of the Middle School.  Addition of Middle School commons area that includes restrooms and a concession stand to be located on the Westside of the MS/HS. Remodel of current stage area to allow for performing arts presentations into the current gym area.  Estimated cost for new construction is $6.0 Million.

  • The Grey Plan - Construction of a practice gym and locker rooms on the Southeast corner of the current gym. Addition of Middle School commons area that includes restrooms and a concession stand to be located on the Westside of the MS/HS. Construction of a bus barn. Remodel of current stage area to perform in the current commons.  Estimated cost for new construction is $4.2 Million.

All three of the plans would require the district to develop a plan to add a Fire sprinkler system to the MS/HS.

The Board is considering all three plans at this time, but would only choose one of the three plans.  The District has between 30%-50% cash on hand to fund any of the projects. The Boards goal would be to lower the levy over the life of the project so that the district would see a slight decrease on the tax levy.

 

The Board of Education is considering the following options to finance the projects:

Option #1 (Lease)

Amount           Term Estimated            Payment      Estimated Levy

$4,000,000             7 years                  $620,000       7.6 cents (SBF)

Building Fund Cash $2,100,000

Estimated Available for new Construction Total $6,100,000 ($6.0)

 

Option #2 (Lease)

Amount           Term Estimated            Payment      Estimated Levy

$2,700,000            3 years                   $974,000       11.9 cents (SBF) 3 years

Building Fund Cash $2,100,000

Estimated Available for new Construction Total $4,840,000 ($4.8)

 

Option #3 (Lease)

Amount           Term Estimated            Payment      Estimated Levy

$2,300,000              3 years                 $805,000       10.0 cents (SBF) 3 years

Building Fund Cash $2,100,000

Estimated Available for new Construction Total $4,400,000 ($4.3)

 

Option #4 (No Lease)

Building Fund Cash $2,100,000

2018-19  SBF            $   805,000  10.0 cents on SBF

2019-20  SBF            $   805,000  10.0 cents on SBF

2020-21  SBF            $   805,000  10.0 cents on SBF

Estimated Available for new Construction Total $4,500,000 ($4.5)

 

Option #5 (No Lease)

Building Fund Cash $2,100,000

2018-19  SBF            $   950,000  11.9 cents on SBF

2019-20  SBF            $   950,000  11.9 cents on SBF

2020-21  SBF            $   950,000  11.9 cents on SBF

Estimated Available for new Construction Total $4,950,000 ($4.9)

 

During the Month of February, the Board of Education will consider taking action on moving forward with a 3 or 7 year lease to fund a future project. During the months of March and April, the Board will have discussions during regular monthly board meetings to select which plan may be the best to meet the needs of Madison Public Schools and our community.  The dates for the upcoming Regular Board meetings are February 12th, March 12th and April 9th.