LCS- BOND OVERSIGHT COMMITTEE- Jim Smith

January 18, 2011 at 3:28 pm 7 comments

Committee Reports

The Bond Oversight Committee met on 12/16/10 and the Executive Facilities Committee met on 01/05/11. The following information was reported:

1. As of 11/30/10 there was $96,922,044 remaining in the construction account. In addition there was $8,437,263 in accumulated local interest and $1,255,694 in accumulated state interest. The total funds remaining were $106,615,001.

2. The construction of AK Elementary is on schedule. The construction of Whittier Middle is slightly behind schedule. Both buildings are expected to be completed on time for the 2011-12 school year.

3. The required due diligence evaluations for the site of the high school are underway and once completed and accepted by the board and the Ohio School Facilities Commission will allow the design of the building to begin. The various evaluations include traffic studies, in depth soil testing, a history of land use and a possible search for historic artifacts.

4. Once begun the design phase will take between 12 and 18 months and the construction phase between 24 and 30 months.

5. It has been suggested that a citizens committee be formed to help the board determine building names, what amenities the public would like to see incorporated in the high school, the possibility of a project to raise private funds for amenities to the high school not included in the project and the disposition of property no longer in use by the district.

6. The estimated cost of demolishing closed buildings is $6,000,000 and would be paid out of the remaining project funds.

7. While local interest funds can be used for non-project costs they must first be used for project costs. Using local interest funds for non-project costs would require the district to establish an escrow account in the General Fund to make certain sufficient funds were available to complete the project.

The Bond Oversight Committee will continue meeting on a quarterly basis and will submit its annual report within the next 60 days. The Executive Facilities Committee will meet the 3rd Wednesday of each month, or more often if necessary.

Respectfully submitted,

Jim Smith
01/12/11

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Entry filed under: education, Open for Discussion. Tags: .

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7 Comments Add your own

  • 1. Susie  |  January 19, 2011 at 2:53 am

    “It has been suggested that a citizens committee be formed to help the board determine building names…”

    What does this mean? There is one building left to build. Are you telling us that the Lorain High name will not carry over to the new HS?

  • 2. Dennis Flores  |  January 19, 2011 at 5:54 pm

    JIm,

    I’d like item #5 from, do you know if a citizens committee is already formed? Like LCCAA’s “Students in Excellence “committee or is there a separate school board committee?

  • 3. Loraine Ritchey  |  January 19, 2011 at 9:09 pm

    For Dennis:

    The committee formed by Bill Locke is not a school board committee. The board has discussed forming a citizens committee to deal with renaming of buildings, dispsition of peoperty no longer needed by the district and amenities to the new high school. Anyone interested in being considered for that committee should contact the superintendents office @ 233-2232.

  • 4. Loraine Ritchey  |  January 19, 2011 at 9:10 pm

    For Susie
    re is my reply to the questions:

    For Susie:
    There has been some discussion about renaming buildings and it was suggested that a committee be formed for that purpose as well as other areas connected with the building program such as disposition of property and amenities to the new high school. The new high school will be named Lorain High. It is only renaming other buildings that would be under discussion.

  • 5. Susie  |  January 20, 2011 at 1:51 am

    Does anybody over there know what they are doing? Haven’t they learned that the renaming thing doesn’t work? Why in the world would they want or need to rename vacant buildings that they have no intention of reusing?

  • 6. Lisa  |  January 20, 2011 at 12:07 pm

    Susie, if you read the CT article this morning, you will see that the renaming is in regards to Whittier/Southview, not the vacant buildings.

  • 7. Susie  |  January 21, 2011 at 12:44 am

    I did catch that, thanks.

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