The Chandler Board of Education has adopted a resolution calling for a capital bond issue that would fund at least four projects.
Chandler School Supt. Scott Baade said the action came during a special meeting late last week.
Hesaidthebondproposal will be voted on by Chandler School District patrons on Feb. 14, 2023.
The board also voted in the special meeting to employ StephenH.McDonald and Associates as financial consultants for the bond issue.
He said the financial consultant recommended the bond issue be five years rather than six as originally thought.
“That will save us $138,000 in interest,” Baade said.
The bond issue will require 60percentapprovalof those voting on the proposition, Baade said.
Chandler Board of Education members last week during their regular meeting selected four projects for a capital bond issue and then held a special meeting onThursday to actually call the election.
Baade said the four projects the board members chose to include in the proposal to submit to the voters include a Media Center/Library for East Side Elementary School; a track field house/public restrooms/concession stand; Classroom cameras with microphones; and an Ag truck.
“It totals $3,880,000,” Baade said. He said the bond, if approved, would pay off in five years.
Theboardalsohasagreed to enter into a contract with Renaissance Architecture, LLC to provide architectural services for future 2022-2023 school year capital bond initiative. “No fees charged unless the capital bond is approved by voters,” Baade said.
Board members also approved a contract with Ross Group Construction for facilitating and overseeing building construction for future 2022-2023 school year capital bond initiative. Again, Baade noted, “No fees charged unless capital bond is approved by voters.” Baade has explained that a current bond issue expires June 30, 2023.
The superintendent pointed out that if the bond issue passes, a person who pays
$1,000 in taxes in 2022-2023, will pay $32.24 more in taxes in 2023-2024.