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CONSTRUCTION COSTSThe School Board approved the sale of a $42 million bond to finance the construction of the new school. Center Grove has the funding capacity to build the new school WITHOUT impacting the school district's $1.00 tax rate. No remonstrance was filed during the petition period, so a referendum was not held on this project.
PROJECTED CONSTRUCTION COST Category
Low
Median
High
Sitework
5,000,000
5,500,000
6,000,000
General Construction
14,000,000
14,500,000
15,000,000
Mechanical Construction
5,000,000
5,500,000
6,000,000
Electrical/Technology Construction
4,300,000
4,800,000
5,300,000
Construction Management
1,800,000
1,800,000
1,800,000
Architecture/Engineering
1,800,000
1,800,000
1,800,000
Financing/Consultants/Interest
1,800,000
1,800,000
1,800,000
Loose Equipment
1,500,000
1,500,000
1,500,000
Contingency
2,800,000
2,800,000
2,800,000
TOTAL PROJECT COSTS
38,000,000
40,000,000
42,000,000
PROJECTED OPERATIONAL COSTSGENERAL FUND STAFFING - (Principal, Specials Teachers, Office Staff, Custodian, etc.)
881,000 GENERAL FUND UTILITIES - (Gas, Electricity, etc.)
204,744 GENERAL FUND MISCELLANEOUS - (Professional Development, Library Books, etc.)
16,360 GENERAL FUND TOTAL COSTS*
1,102,104 *Increased enrollment will add revenue to the General Fund.
