gc-4 april 2011 bond issue questions and answers… 1

GC-4 April 2011 Bond Issue

Questions And Answers…

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2011 No-Tax-Increase Bond Issue

Questions And Answers:

Q: When is the election?

A: Tuesday, April 5, 2011

Grandview High School front foyer window replacement project. Funded by the 2007 Bond Issue and completed in 2010.

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Q: What are we voting on?

A: Residents in the Grandview C-4 School District are voting on a $7 million dollar no-tax-increase general obligation bond issue for the purpose of completing renovation, remodeling and repair improvements to existing school buildings.

Grandview Middle School gymnasium bleacher replacement project. Funded by the 2007 Bond Issue and completed in 2010. 3



Q: What is a bond issue?

A: A bond is an authorization for a school district to go into debt and to establish a tax rate to pay off debt over time.

Q: What is the difference between a bond and an operating levy?

A: The operating levy is the tax rate for general operating purposes. The bond levy pays for capital projects, like building improvements and equipment. A bond levy may not be used for regular operational costs like salaries or supplies.

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Q: What is required to pass the April bond issue?

A: A 4/7th majority, or 57.1 percent of voters in this election.

Meadowmere Elementary School new classroom carpet project. Funded by the 2007 Bond Issue and completed in 2010.

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Q: Why is the Board putting a bond issue on the ballot this year?

A: The district does not have the authority to issue additional bonds at this time. Funds are needed to renovate our existing facilities (most buildings are over 40 years old) to continue to provide an environment

conducive to learning.Martin City K-8 School office carpet project. Funded by the 2007 Bond Issue and completed in 2010.

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Q: What would the bond issue pay for?

A: Initial improvement suggestions include such areas as heating, ventilation and air conditioning improvements, roof repairs and replacements where necessary, classroom renovations, parking lot improvements and window replacements.

Grandview High School parking lot security lighting installation project. Funded by the 2007 Bond Issue and completed in 2010. 7

Projects Targeted For Bond Funding:

District WideParking Lots (Phase II) 1,000,000

GHSWindows 300,000Unit Ventilators(Heating/Cooling) 485,000Front Façade (Brick/Stone) 75,000

GMSReplace Heating/Cooling System 2,400,000

BV/BGUnit Ventilators (Heating/Cooling) 490,000

Annual Building Needs 500,000(e.g. classroom renovations, technology, security, flooring, windows, gymnasiums fields/playgrounds, uniforms)

Annual Repair/Replacement Roofing 250,000

Sub-total of Annual Needs 750,000

Needs over three years ($750,000 x 3 years) 2,250,000

Total Needs for Future Bond Funding 7,000,000

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Q: Would this $7 million bond issue require a tax increase?

A: No. This is a no-tax-increase bond: therefore, it will not affect tax rates.

Grandview High School front entrance carpet project. Funded by the 2007 Bond Issue and completed in 2010.

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Q: How is it possible to issue bonds without a tax increase?

A: Based upon conservative projected growth rates and good financial management, Grandview C-4 has the present and future capacity to support a bond issue without raising taxes.

A portion of this bond issue may include Qualified Zone Academy Bonds (QZAB), subject to approval by the Missouri Department of Elementary and Secondary Education (DESE). Qualified Zone Academy Bonds offer significant interest savings. Since 1997, Grandview C-4 has achieved nearly $6 million in interest savings with the use of the QZAB program.

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Suggested School Improvements…

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District Wide:

Parking Lots (Phase II)

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Grandview High School:

Windows

Unit Ventilators (Heating/Cooling)

Front Facade (Brick/Stone)

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Grandview Middle School:

Replace Heating/Cooling System

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Belvidere/Butcher-Greene Elementary:

Unit Ventilators (Heating/Cooling)

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Annual Building Needs:

Classroom renovations, technology, security, flooring, windows, gymnasiums fields/playgrounds, uniforms)

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Annual Repair/Replacement Roofing:

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Continued Progress….

Grandview C-4 wants to continue to provide safe and secure schools, and improve the facilities required for our varied instructional programming, whether in the classroom, on the athletic field, or for outstanding student activities, such as music and theater.

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gc-4 april 2011 bond issue questions and answers… 1

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