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Haverhill Cooperative School District Bond Hearing and Informational Meeting October 2, 2008 6 pm Dr. John A. Bagonzi  Woo...
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Project Scope <ul><li>Adding Roof Trusses </li></ul><ul><li>Replacing Drywall </li></ul><ul><li>Upgrade Electrical to Curr...
Project Partners <ul><li>Architect – Mac Rood </li></ul><ul><li>Structural Engineer – Bruce Stewart </li></ul><ul><li>Cont...
Project Cost <ul><li>Based on what know today </li></ul><ul><li>Project is being updated based on information provided at ...
Project Cost (as of 10/2/2008) Total Project Estimate $2,450,016 Funds Already Budgeted - $239,532 Building Trust Fund Use...
How are we going to Fund the Project Estimated Loan Required $2,130,092 Quality Zone Academy Bonds $1,498,000 Loan for Bal...
QZAB Bonds QZAB Bonds Available $1,498,000 Interest Earned over 15 years - $157,290 Building Aid to be received over 15 ye...
Loan for Balance of Funds Principal $632,092 Estimated Interest (4.25%) $70,655 Building Aid to be received over 5 years -...
Net Cost to the Taxpayer QZAB Net Cost to Tax Payers $441,910 Loan Net Cost to Tax Payers $323,492 Building Aid to be Rece...
Impact on Your Taxes <ul><li>2009 / 2010 Tax Rate Estimate for this Project is $0.16 per $1000.00  </li></ul><ul><li>Resul...
Haverhill Cooperative School District  Special District Meeting Thursday October 23 6 pm Dr. John A. Bagonzi Woodsville Co...
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Haverhill Cooperative School District October 2 Bond Hearing Presentation

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Presentation made to the taxpayers of the town of Haverhill regarding the special school district meeting October 23.

Published in: Education, Business
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Transcript of "Haverhill Cooperative School District October 2 Bond Hearing Presentation"

  1. 1. Haverhill Cooperative School District Bond Hearing and Informational Meeting October 2, 2008 6 pm Dr. John A. Bagonzi Woodsville Community Building
  2. 51. Project Scope <ul><li>Adding Roof Trusses </li></ul><ul><li>Replacing Drywall </li></ul><ul><li>Upgrade Electrical to Current Code </li></ul><ul><li>Ventilate Entire Roof </li></ul>
  3. 52. Project Partners <ul><li>Architect – Mac Rood </li></ul><ul><li>Structural Engineer – Bruce Stewart </li></ul><ul><li>Contractor – Fenn-Way Builders </li></ul><ul><li>Fire Engineer – Nick Cricenti Jr. </li></ul><ul><li>District Clerk of the Works – To be determined </li></ul>
  4. 53. Project Cost <ul><li>Based on what know today </li></ul><ul><li>Project is being updated based on information provided at weekly building team meeting </li></ul><ul><li>Final cost will be available for special district meeting </li></ul>
  5. 54. Project Cost (as of 10/2/2008) Total Project Estimate $2,450,016 Funds Already Budgeted - $239,532 Building Trust Fund Used - $80,392 Estimated Loan Required $2,130,092
  6. 55. How are we going to Fund the Project Estimated Loan Required $2,130,092 Quality Zone Academy Bonds $1,498,000 Loan for Balance $632,092
  7. 56. QZAB Bonds QZAB Bonds Available $1,498,000 Interest Earned over 15 years - $157,290 Building Aid to be received over 15 years - $898,800 QZAB Net Cost to Tax Payers $441,910
  8. 57. Loan for Balance of Funds Principal $632,092 Estimated Interest (4.25%) $70,655 Building Aid to be received over 5 years - $379,255 Loan Net Cost to Tax Payers $323,492
  9. 58. Net Cost to the Taxpayer QZAB Net Cost to Tax Payers $441,910 Loan Net Cost to Tax Payers $323,492 Building Aid to be Received on Funds already Spent - $167,012 Net Future Cost to the Taxpayer $598,390
  10. 59. Impact on Your Taxes <ul><li>2009 / 2010 Tax Rate Estimate for this Project is $0.16 per $1000.00 </li></ul><ul><li>Result is $16.00 for a $100,000 home </li></ul><ul><li>Current Bonds for 1991 District Building Project are paid off at the end of 2011 </li></ul><ul><li>Based on today’s rate, the tax rate will decrease a total of $1.02 over the following five years </li></ul>
  11. 60. Haverhill Cooperative School District Special District Meeting Thursday October 23 6 pm Dr. John A. Bagonzi Woodsville Community Building www.sau23.org
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