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Wayne Local Board Passes Bond Issue Resolution

District News

Wayne Local Board Passes Bond Issue Resolution

Posted on: August 11, 2017

WAYNE LOCAL BOARD PASSES BOND ISSUE RESOLUTION (4.68 MILLS)

 

Waynesville, Ohio – August 11, 2017:

 

The Board of Education of the Wayne Local School District officially passed a resolution on Monday evening (August 7, 2017) for the purpose of paying the local share of school construction under the State of Ohio Classroom Facilities Assistance Program and cost of other improvements to school facilities, together with, as applicable, new construction improvements, renovations and other additions to school facilities as well as equipment, furnishings, and improvements.  The proposed bond issue’s principal amount will be twenty five million, six hundred twenty five thousand dollars ($25,625,000) to be repaid annually over a maximum period of thirty-seven (37) years retiring the bonds at an annual rate of 4.68 mills as estimated by the county auditor. 

 

Residents of Wayne Local Schools will have the opportunity to vote on November 7, 2017 to fund our local share of the project.  On a very steady basis over the coming months, we will share many details and specifics regarding the bond issue and the overall facility process.

 

At the foundation of our facility planning we identified four (4) critical elements:

  • Safety/Accessibility
  • Longevity
  • Value
  • Educational Purpose

 

Thus, our buildings need to keep safety at the forefront and compliant with American Disability Act (ADA) for all students, staff and guests. 

 

This bond issue and partnership with OFCC is a tremendous opportunity for our students, staff and community to improve our physical assets and advance our focus on learning along with using our taxpayer’s dollars in a prudent and responsible manner. 

 

We have identified two important starting points:

 

  • The elementary school building has mechanical system concerns, no climate control technology and is architecturally inadequate.  Also, the building is not ADA accessible in all areas.  To address these deficiencies, there is not a “zero-cost” solution.

 

  • We would move the 6th grade back to the elementary in a new building solution creating future flexibility for the entire campus.  We want to maximize the state’s share (21%) of the project while also increasing usable square footage district wide.  This will provide tremendous opportunities for current and future generations. 

 

We will frequently inform the community with updates.  We will continue with an article on Monday, August 14, with “It’s About More Than Air Conditioning!”

 

As we strive to provide an educational environment that will support the development of the whole child, we will provide our community with more for their dollar and expand the metrics by which we measure ourselves.