The money will be bonded for are paid back over a 15-year period with an estimated interest rate of four percent with the impact on the tax levy starting in the 2015-16 budget year, Bates said.
The estimated impact of the debt service on the tax levy will be $0.074 per $1,000 per assessed value, which is $20.35 on the tax bill for a house valued at $275,000.
While no one at the meeting spoke against the proposed bond, several residents asked why the project had been cut down so dramatically and when (or if) the rest of the originally proposed work will be done.
This group of projects is considered to be the most urgent and would have been done first if the failed proposition had been passed, Carlson said. “These are issues that center around the safety and well-being of our buildings and the students and the staff in them,” she said.
Board members added that by preventing water from leaking into the building, they will be limiting further damage and need for other work, such as asbestos abatement.
If the roof replacements don’t get done next summer, than the cost of the project will become more expensive for the district’s taxpayers, Pastel said.
Carlson said that the facilities committee will meet this fall and in the spring to start working on coming up with a “phase two” of work which could include work such as asbestos abatement and purchasing a new boiler.
The divisive issues from the original proposal included the new middle school gym and the press box, board member Evan Dreyfuss said. Those items will have to be discussed again in a few years or dealt with in other ways, he said.
Skaneateles resident and architect Wayne LaFrance spoke to commend the board on its work on prioritizing the facility needs and doing the roof replacement first. He also warned the board that doing the asbestos abatement work will bring a high price tag on a future project.