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DESCRIPTION OF PROPOSED SCHOOL CONSTRUCTION PROJECT - Wrenshall School

DESCRIPTION OF PROPOSED SCHOOL CONSTRUCTION PROJECT

Wrenshall Public School District, ISD# 100-01, is proposing a single-question bond referendum on May 14, 2019, that would authorize $14.4 million in bonding authority to finance: HVAC/fire suppression upgrades, deferred maintenance projects, a secure entrance with administrative office relocation, a single gymnasium addition, repurposing of the existing swimming pool, renovations and upgrades to the existing recreation building.

The projects would be scheduled for completion in the 2020-2021 calendar years. Cost estimates by ballot question/project type are as follows:

HVAC Upgrades/Fire Suppression $6,691,800

Gymnasium Addition $2,036,097

Elementary Renovations $1,416,297

Repurpose Swimming Pool $1,312,566

Recreational Building Upgrades $740,880

Asbestos Abatement $508,921

Roof Replacement $556,983

Window Replacement $94,594

Tuckpointing $198,450

Secure Entrance/Admin Relocation $396,900

Gym Floor Replacement $99,225

Science Room Relocation $347,287

Bond Issuance $77,300

Net Capitalized Interest $135,096

$14,612,396

The district has supplied cost estimates to operate and staff the additional building space and believes existing revenues will be sufficient to fund any operational cost increases associated with the proposed facility additions. In addition, the school board believes the proposed projects are in the best long-term interest of the district.

If the bond referendum is successful and bonds are sold, the debt service on the bonds will be eligible for debt service equalization under Minnesota Statutes, section 123B.53, subdivision 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.

Review and Comment Statement

Based on the department's analysis of the school district's 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 superintendent's office.

/s/ M. C. Ricker

Mary Cathryn Ricker, NBCT

Commissioner

April 10, 2019

Pine Journal: April 18, 2019 #2744536