Bond cost by category
| High School, Seismic & Access • $1.10 per $1000 of assessed value | |||||||||||||||||||||
  $5M |
Educational facility upgrades Upgrade grades 6-8 science classrooms with sinks and electrical outlets at as many as 38 schools. |
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 $69.5M |
Seismic and other building upgrades Seismic strengthening at as many as 26 schools. Replace and seismically brace roofs at as many as 14 schools. Replace roofs at as many as 8 schools. Upgrade accessibility to educational programs at as many as 33 schools. |
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 $233M |
Full modernizations or replacement These schools are identified as potential modernizations or replacement:
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 $45M |
Debt repayment
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 $84.5M |
Program costs Required reserves, materials and labor cost escalation, bond issuance costs and site upgrades and transportation to buildings where students attend school while their school is renovated. Master planning for 6 high schools ($1.5 million). |
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$482M |
Total Bond Program Estimated rate: $1.10/$1,000 of assessed value over 8 years, $0.30 over an additional 12 years. |
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