Mount Abraham Union Middle/High School Renovation

Topics for Tonight ● ● ● ●

The Building Today The Opportunity The Cost Question & Answer

The Building Today ● Doors opened fall 1968 ● Construction completed fall 1969 ● Notable renovations: ○ South end addition 2005 ○ Wood chip boiler 2007 ○ Gym floor 2016 ● Currently no debt

The Building Today ● ● ● ● ● ●

Accessibility challenges Little daylight due to lack of windows Poor air circulation Pass-through classrooms Plumbing concerns Security concerns

The Building Today ● ● ● ● ● ●

Restrooms/locker rooms in poor condition Gym scheduling challenges Traffic flow concerns No sprinkler system Auditorium at end of useful life Outdated science labs

The Building Today How do students and staff feel about the building?

The Opportunity ● A facility that reflects the pride our community has in its students ● A facility that reflects the great work happening at Mt. Abe ● Improved outcomes for students ● A safe, functional building for decades to come ●

The Opportunity ● Improved environmental health and security ● Improved energy efficiency ● Improved community access ● A second gym ● Improved perceptions of our community

The Opportunity When Schools Have a Good Reputation: ● Families want to move to the area ● Property values increase ● Houses are built and/or sell faster and at higher prices ● A larger grand list drives down taxes for everyone

The Cost Renovating Mt. Abe will never be more affordable than it is right now.

The Cost ● Total project cost is $36,664,000 ● Total bond needed $35,000,000 ● The projected tax impact is $87.60 per $100,000 of assessed property value ● This is a 43% reduction from the 2014 bond, which was $153.39 per $100,000

The Cost ● 45% of the projected bond payment is already in the school budget ● Renovating now will reduce emergency repair costs, such as last year’s gym floor

The Cost ● In today’s dollars the 2014 bond would be nearly $38,000,000 ● If we wait, construction costs will increase 4-5% each year and interest rates will likely rise ● Each month that passes the cost increases more than $140,000

The Cost ● 11 month design phase ● Construction would start summer 2019 ● After January construction pushed back to summer 2020 ● Project cost could increase $1,800,000 total interest paid could increase $2,750,000

Question & Answer

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