The Sherwood Schools 2016 Capital Bond - At a Glance
Thank you, Sherwood community!
On Election Day, November 8, 2016, voters in the Sherwood community favored ballot measure 34-254, with a passing approval of 54%. (View the Press Release here.)
As the District moves forward to develop the plans, timelines and expected completion of bond-related projects, that information will be shared regularly through this web site and other communication outlets including the monthly District Newsletter, Facebook and Twitter.
To be the first to receive District newsletters and other public releases of information, please add your email address to the Sherwood School District’s “Key Communicators” subscriber list by visiting the District web site.
(Email sign-up field is located at the bottom of the home page.)
Learn more about the Bond Visioning Process
Sherwood School District's Board of Directors engaged in discussions regarding a potential bond measure for the November 2016 ballot throughout the last school year and into the summer months of 2016. After careful consideration of feedback from input- gathering sessions with staff and the community, the Board took action on the decision of a bond at their regular Board meeting on June 8, 2016, approving unanimously that a bond be placed on the ballot this fall. We have shared with you the progress of the bond conversation within several months of newsletters and Sherwood Gazette articles, as well as on this web site.
To view the Bond Visioning Process and background information
related to the development of the bond measure, click here.)
New information regarding the bond projects will be added below.
- 02/22/17 Projects Planned for 2017
The Sherwood School District Board of Directors received a list of projects scheduled to be completed with bond funds in 2017 at the Board work session on February 8, 2017. To see the list of projects, visit the Bond Projects page.
- 02/22/17 New Design Committee Web Page
On February 8, the District closed the first debt issue of our bond authorization. We issued $128.4 million, 52%, of our $247.5 million authorization. In addition, we received $10.06 million in premium. After paying issuance costs, there is $137.7 million available now to finance bond projects. We expect the remaining authorization will be issued this time next year.
- 02/16/17 SHS Design Committee Work Continues
The SHS Design Committee held its third meeting this week. Facilitated by architects from DOWA, staff, students, administrators, Board members, parents, and community members engage in activities and discussions focused on how best to design the future high school to support the needs of Sherwood students!
- 02/08/17 SHS Design Committee Kick-Off
January 31 was the first meeting of the newly formed SHS Design Committee. As of February 8, the committee has held two meetings and is expected to meet several more times from now until March. Membership includes high school and District-level administrators, Board members, students, classified and licensed staff, community members, and parents. The DOWA team does a wonderful job of facilitating and setting the stage for future meetings. You can find photos from the committee meetings on Superintendent Heather Cordie's Twitter, @SuptCordie!
02/03/17 Entry Vestibule Renovation
Design work in process for Archer Glen, Middleton and Hopkins Elementary School.
- 02/03/17 Roof Repair/Replacements
Design work has started for roofing projects at Sherwood High, Sherwood Middle, Archer Glen, and Hopkins.
- New High School Updates as of January 27!
The bond rating process is complete and the District received very good ratings. S&P issued a rating of AA+; Moody’s rated us AA2.
- 11/29/16 District meets with City Councilors
District staff, Board members, and owner's representative Cornerstone Management Group, Inc., presented the District's plan for the new high school construction to the City of Sherwood in a City Council work session. The purpose of the meeting was to review with the City Council the area desired by the District for building the school, and sharing how the area was selected based on comparative data on other properties within the school district boundaries. The District requested that the City grant access for due diligence activities to learn more about the adjacent property to the selected site which is currently owned by the City of Sherwood; the City Council approved the request during the Council meeting later that evening.
- 11/09/16 Board of Directors authorizes acquisition of property
At its November 9, 2016, meeting, the Sherwood School District Board of Directors approved a resolution authorizing acquisition of property for the construction of a new high school. The property identified in the resolution is located off Elwert Road, between Kruger and Haide Roads (Tax Lots 200, 201, and 207), and offers approximately 50 acres of regularly-shaped, flat, developable land for the new school. Property owners in the identified area were notified of the District’s interest in purchasing their property, and were invited to enter into negotiations. The District is represented by Todd McCabe of the McCabe Real Estate Group.
Informational Flier here.
|Download and view renderings of a possible design for a new high school here.
View the Ballot Measure
34-254 Explanatory Statement here.
View information regarding the
Bond Fund-Matching (OSCIM) grant here.
View the Bond Measure FAQ here.
Bond-funded projects will include:
- District-wide safety and security upgrades
- District-wide deferred maintenance
- Curriculum and technology
- Construction of a new high school on a new site
- Costs associated with the issuance of the bond
Bond funds will support:
- Construction of a new high school on a new site, with 2,000 student capacity and 2,400 core capacity (expandable total capacity to 2,400 in a future, second phase)
- Relocating Laurel Ridge and Sherwood Middle to existing high school campus
- Relocating Hopkins to Sherwood Middle campus
- Converting The Ridges campus to two elementary schools
- Relocating District programs and community spaces to existing Hopkins site
The estimated tax rate on bonds previously approved by voters is $3.70 per $1,000 of assessed value. If approved, the tax rate is estimated to be $4.20 per $1,000. The estimated $0.50 rate increase per $1,000 of assessed value would approximate $125 per year on a home assessed at $250,000. This equals approximately $10.42 per month.
Answers to some of the frequently asked questions related to Ballot Measure 34-254 can be found in the FAQ linked here.