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U.S.D. No.

364

School Improvement Bond Election


Marysville
Public
Schools

November 3, 2015
Our Children...Our Future...Our Responsibility

DID YOU KNOW?


The current storm shelter at Marysville Elementary
will ONLY accommodate 1 out of every 3 students.
The proposed bond issue will provide adequate shelter for ALL
students.

The US Bureau of Labor reports that 17 out of 25


of the fastest growing jobs are in the science and
medical related fields yet MHS science labs have
not been updated since the 1950s.
The proposed bond issue will provide kids a learning environment
that encourages the importance and relevance of science.

Neighboring schools are facing similar issues head


on. At present, USD 364 is the ONLY district in the
NCKL without an outstanding school improvement
bond issue.
The proposed bond issue will provide USD 364 students with a
safer, more conducive learning environment.

Bond interest rates are near historically low levels.


The proposed bond issue will address the current and future
NEEDS of our students and community at the most economical
cost, saving the community in the long run.

THE BOND AT A GLANCE


WHY NOW?

1. All USD 364 school buildings are in need of significant


updates for the safety, security and education of our
children. (See the Did You Know section and the back of
this sheet for the proposed solutions!)
2. Todays bond interest rates are near historically low
levels, making the cost of repayment more affordable
than in recent years.
3. The last bond issue for school improvements was
approved 27 years ago in 1987 for the construction of
Marysville Elementary School. USD 364 has no existing
general obligation debt outstanding.
4. Previous to the 1987 bond issue passing, an option was
voted down in 1984. When the issue did pass 3 years later,
it cost $800,000 more, and included less features for
more money.

HOW DOES THIS BOND AFFECT ME?


1. The owner of a $100,000 home will pay added taxes of
approximately $14.22 per month the cost of one large
pizza! The proposed bonds will require a bond & interest
levy estimated at 14.84 mills. A mill is $1 of tax for each
$1,000 of assessed valuation of property.

Marysville Elementary School is 26 years old.


Marysville Junior High School is 52 years old.
Marysville High School is 77 years old.

2. The owner of 160 acres of dryland farm ground will


pay added taxes of approximately 93 cents per acre,
totaling $149.59 per year.

The proposed bond issue will update all three of the buildings
and address the many safety and educational challenges facing
the district today.

3. If the bond issue is passed on Nov. 3rd, taxes will not


increase until the fall 2016.

ELECTION INFO

Election Day is Tuesday, November 3rd, 2015. The deadline to register to vote is October 13th, 2015.
You can register at the Marshall County Clerks Office, 1201 Broadway in Marysville. (785-562-5361)
The polling place will be the Marysville American Legion, 310 Veterans Memorial Drive North in Marysville.
Advanced voting by mail or in person at the County Clerks office is available beginning October 14th.

U.S.D. No. 364

School Improvement Bond Election

BOND ISSUE TAX EFFECT

PROJECTS & ESTIMATED COSTS

$26.4 MILLION BOND ISSUE


Type of Property

Estimated
Assessed
Valuation

At Marysville Elementary School, the Bond will:

Estimated Bond Tax


Increase at 14.84 Mills
Yearly

Monthly

$50,000 Home*

$5,750

$85.33

$7.11

$75,000 Home*

$8,625

$128.00

$10.67

$100,000 Home*

$11,500

$170.66

$14.22

$10,080

$149.59

Yearly Cost/
Acre: $0.93

160 Acres Pasture**

$3,456

$51.29

Yearly Cost/
Acre: $0.32

$50,000 Commercial
Property***

$12,500

$185.50

$15.46

$100,000 Commercial
Property***

$25,000

$371.00

$30.92

160 Acres Dryland Farm**

* For taxing purposes, residences are assessed at 11.5% of their fair market value.
** For taxing purposes, agricultural property is assessed at 30% of use or productivity
value and not as a percentage of fair market value.
*** For taxing purposes, commercial property is assessed at 25% of fair market value.
YOU ARE ENCOURAGED TO DETERMINE THE ESTIMATED TAX IMPACT ON YOUR
PROPERTY BY FINDING THE ASSESSED VALUATION ON YOUR TAX STATEMENT
AND MULTIPLYING THE ASSESSED VALUATION TIMES .01484 (14.84 MILLS).

HOW WE GOT HERE


The Board of Education formed a Facilities Advisory Committee in early 2015 to
evaluate education and facilities in U.S.D. No. 364. The Committee solicited input
from students, parents, patrons, teachers, administrators and professionals in
architecture and finance. This summer, nine meetings were held throughout the
District to share information and ask for input. Identified facility needs of more
than $50 million were prioritized and pared down to approx. $25.3 million. The
bond proposal is the result of the work of countless hours of study and discussion.
Schools are the lifeblood of a community such as ours. Quality schools are
vitally important to prepare our most precious assetour childrenfor higher
education and the job markets of today and tomorrow. Our schools have served
generations of students well for many decades, but they have challenges that
must be addressed. The Sr. High, Jr. High, and Elementary Schools are 77, 52,
and 26 years old, respectively. Education has changed dramatically since these
buildings were designed and constructed. Todays education requires more space
and specialized areas to allow all our young people to reach their potential.
With interest rates at low levels, the cost of financing capital improvements may
never be more affordable. The costs of needed improvements will increase with
delay due to inflation. The bond is more than an educational issueit is also
an economic development issue. We encourage you to get to know the facts,
register to vote, and cast your ballot on this important question for the future of
education in Marysville Schools.

QUESTIONS?

Bond Issue information can be found on


the Districts website: www.usd364.org

This information created and provided by the Marysville KIDS Committee.

Construct, equip and furnish an addition to create a


storm shelter that will also functions as a large multipurpose instructional area, as well as 3 new classrooms

$2,726,000

Improve building mechanical systems and provide safety


and security upgrades

$281,500

Renovate the existing stage area into a modern music


classroom

$365,000

Make improvements and upgrades to both exterior and


interior areas

$567,500

Total Elementary Project Estimate

$3,940,000

At Marysville Junior-Senior High School, the Bond will:


Create new science classrooms/labs and general
classrooms through the conversion of the existing
undersized, outdated gymnasium. The existing science
classrooms will be converted to general classrooms

$2,492,544

Enhance building safety and security, as well as improve


building mechanical systems

$1,011,640

Construct, equip and furnish an addition to create a


new activity center/physical education facility featuring
a top-loaded 2-court activity area, a walking track and
support areas

$6,981,597

Construct, equip and furnish storm shelter areas to also


function as weight and wrestling rooms

$2,270,597

Upgrade the existing locker room area to also function


as a storm shelter

$2,183,250

Renovate existing areas to create a new art classroom


and support spaces

$654,975

Make improvements to the auditorium stage

$436,650

Demolish certain structures to accommodate new


construction

$136,817

Provide needed movable furnishings and equipment

$1,194,674

Make improvements and upgrades to both exterior and


interior areas and other improvements

$3,937,256

Total Junior-Senior High School Project Estimate

$21,300,000

TOTAL BOND ISSUE SIZING:


Junior-Senior High Project Estimate
Elementary Project Estimate
Bonding Costs of Issuance
Interest During Construction
TOTAL BOND ISSUE AMOUNT

$21,300,000
$3,940,000
$184,800
$975,200
$26,400,000

++These cost estimates are prorated and include allowances for unforeseen
costs and inflation, and normal architect & engineering fees. If excess funds
remain, they must be used to enhance the project or to retire debt.