Review &

INDEPENDENT SCHOOL DISTRICT # 477
DESCRIPTION OF PROPOSED SCHOOL CONSTRUCTION PROJECT
Princeton Public Schools is proposing a $29,955,000 bond referendum on May 20,2014 to finance a new K-2 elementary school, additions and renovations to the high school, and the installation of secure building entrances district wide. The projects would be scheduled for completion in the 2015 – 2016 calendar years.
The new K-2 elementary is being proposed to replace the existing South Elementary which is over capacity and in need of an estimated $8.9 million of deferred maintenance. The proposed elementary would add 102,000 square feet of building space on the site of the existing North Elementary. The estimated project cost is $23,555,000.
The proposed high school improvements include kitchen, cafeteria and industrial technology renovations; a two station gymnasium addition and disabled accessibility upgrades. Other proposed projects include district wide security and technology improvements and the removal of the portable classrooms. The estimated total cost of the proposed high school and district wide improvements is $6,400,000.
If the bond referendum is successful and bonds are sold, the debt service on the bonds will be eligible for debt service equalization under Minn. Stat. 123B.53, Subd. 3, if the bond schedule is approved. The amount of debt service equalization aid, if any, the district receives is determined annually and is dependent upon property wealth, student population, and other statutory requirements. The school board believes the proposed projects are in the best interest of the district
REVIEW AND COMMENT STATEMENT
Based upon the departments analysis of the school districts required documentation and other pertinent information from sources of the Minnesota Department of Education, the Commissioner of Education provides a positive review and comment.
ADDITIONAL INFORMATION IS AVAILABLE
Persons desiring additional information regarding this proposal should contact the school district superintendents office.
Brenda Cassellius
Commissioner
Published in the
Princeton Union Eagle
April 17, 2014
204707

Comments Closed

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