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posted Feb 27, 2012, 5:28 PM by Mike Paskewicz   [ updated Feb 27, 2012, 5:28 PM ]

February 28, 2012

Good Evening,

Good News!  We could all use some! The Standard & Poor’s credit rating agency continued our strong credit rating (A+ Stable) due to the very, conservative financial practices in Northview.  As a result, this past week, our construction bonds were sold at a premium in just over one hour.  We are well into the design and bidding phase of the construction projects approved by voters last November.  Bids will go out in mid-March and construction will begin immediately following the close of the school year.

During parent/teacher conferences this March, representatives from Tower Pinkster Architects and Barnes Wolgast Construction will be present at the high school and West Oakview to share drawings and plans for the construction.  Families, students, and staff will have the opportunity to see first hand, the drawings of what facility improvements will occur over the next three years.

Last night our Board of Education unanimously approved the resolution to hold a Bond Election on May 8, 2012. The bond proposal will ask voters to approve $11.9 million of renovations to the athletic/activities wing of the high school and includes the replacement of the existing pool. 

The decision to call for another bond election was made after serious deliberations regarding the need, the timing of the election, and current economic conditions.  Many community members encouraged the Board to “ask” voters again to have a “future focus” to insure the high school would be a fully functioning facility available to the community for the next 28 years.  The Board of Education also solicited the voice of community members who voted against Proposal 2 last November prior to making their decision to call for a bond election in May.

It Is More Than A Pool

The bond proposal being placed before voters on May 8, 2012 (essentially the same as November 2011 Bond Proposal 2) is more than a replacement pool.  It is also a major renovation of the athletic/activities wing that, if approved by voters, will ensure the high school is in good shape for the next 28 years. 

The bond proposal includes the following major improvements:

  • The existing, 40 year old pool is filled in and space renovated into a fitness center complete with weights and fitness machines.  This space will be available to community members for use at designated times during the week.
  • Team and physical education locker rooms are renovated and improved.
  • Athletic wing lobby and concessions renovated.  Lobby serves as space for lunch periods during the school day. 
  • Hallways, stairs, and elevator areas are renovated and improvements allow for safety and security improvements.
  • Allows for the athletic/activity wing of the high school to be used on weekends without opening the entire high school.
  • A new 8 lane competition pool and diving area including locker rooms and spectator balcony, will be constructed west of current pool.  It allows for increased time for community open swim times, community swim teams, rental by YMCA for programs, 4th grade drown proofing, physical education classes for life time fitness, Kent County Sheriff Department water rescue training, and continuing the female/male high school and middle school swim teams that help us address Title IX requirements.

The renovations to the athletic wing are estimated at approximately $5 million. The estimated cost of the new pool and diving area (including locker rooms and spectator balcony) is $6.9 million. The total request of the bond proposal is $11.9 million – the same as the request from last fall.  Very shortly, community members may visit our web site, www.nvps.net , and use the “tax calculator” to gain an estimate of what the bond proposal would cost an individual tax payer after plugging in their own financial data. 

Here are three examples using the average Taxable Value/Fair Market Value ($70,000/$140,000) home in Northview.  One shows the impact on a household with residents under age 65 who do not itemize their tax returns.  The second two examples are for a household with at least one person over the age of 65, one who itemizes deductions and one who does not itemize tax returns:

Example 1

 

Average Household Income                  $50,000

Taxable Value of Home                        $70,000    ($140,000 Fair Market Value)

Age                                                      Under 65 years old

Itemize Deductions Fed/State                No

Total Tax Increase per year                  $73.50

After tax filing deductions                      $69.08 per year

Cost per month                                     $5.76

Example 2

Average Household Income                  $40,000

Taxable Value of Home                        $70,000    ($140,000 Fair Market Value)

Age                                                      Over 65 years old

Itemize Deductions Fed/State                Yes

Total Tax Increase per year                    $73.50

After tax filing deductions                      $18.38 per year

Cost per month                                    $1.53 per month

Example 3

Average Household Income                  $40,000

Taxable Value of Home                        $70,000    ($140,000 Fair Market Value)

Age                                                      Over 65 years old

Itemize Deductions Fed/State                No

Total Tax Increase per year                    $73.50

After tax filing deductions                      $29.40 per year

Cost per month                                    $2.45 per month



Look for more information about the bond proposal in upcoming Northview News issues as well as on our web site, www.nvps.net.

As always, you may also contact me directly at mpaskewicz@nvps.net if you have additional questions or comments.  Please contact me directly if you would like to schedule a meeting or tour the existing facility to see first hand why we are asking the community to improve the facility.

Sincerely and With Great Respect,

Mike Paskewicz, Superintendent

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