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Breakdown of Columbia School Board bond issue

Friday, March 19, 2010 | 12:01 a.m. CDT; updated 12:49 p.m. CDT, Friday, March 26, 2010

Ballot language:

"Shall The School District of Columbia, Boone County, Missouri, issue its general obligation bonds in the amount of $120,000,000 for the purpose of completing, without limitation, constructing a new high school; acquiring and developing sites for and constructing a new elementary school; for constructing, improving, extending, repairing, remodeling, renovating, furnishing and equipping new and existing school facilities; making roofing, heating, air conditioning, ventilation and general improvements in numerous buildings; acquiring technology for the District; and constructing and equipping new gymnasiums at existing high schools.

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"If this proposition is approved, the adjusted debt service levy of the school district is estimated to remain unchanged from the current debt service levy of $0.8019 per $100 of assessed valuation of real and personal property."

2010 Proposed bond projects

Construction

  • New 1,800-student high school, including the necessary technology, furniture and athletic fields. $75 million (includes $18 million from bond issue approved in 2007)
  • Additional gyms/physical education space at Hickman and Rock Bridge high schools. $7.5 million
  •  New elementary school. $15 million
  • Total cost: $97.5 million

Building improvements

  • Roofing, window replacement, mortar repairs and interior renovations (ceilings, flooring, electrical, plumbing and heating) at 17 schools
  • Roofing: Cedar Ridge, Field, Gentry, Lee, Mill Creek, New Haven, Shepard Boulevard, Two Mile Prairie and West Boulevard elementary schools; Douglass, Hickman and Rock Bridge high schools; Lange Middle School
  • Cost: $10 million

Air conditioning

  • Air condition schools still without air conditioning and replace boilers at 10 buildings
  • Air conditioning: Field, Ridgeway, Rock Bridge, Lee, Midway Heights, New Haven and  Two Mile Prairie elementary schools; West and Jefferson junior high schools
  • Boilers: Rock Bridge Elementary; West and Oakland junior high schools
  • Cost: $14.8 million

Technology

  • Computers for classrooms and labs; network infrastructure improvements at 21 schools
  • Cost: $7.5 million

Interest and fees

  •  Costs associated with bond funding, including $1.2 million in bond insurance and a contingency fund of $7 million for interest during construction (if assessed valuation remains flat or become negative)
  • Cost: $8.2 million

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