March 21st Board Minutes
March 22, 2017
The Northwood-Kensett Board of Directors held a Public Meeting on Tuesday, March 21, 2017 in the Secondary Gymnasium at 7:00 P.M.
Members present: Roger Harris, Larry Hovey, Cindy Pangburn, Susan Kliment, John Anderson; Members Absent: none
5-0) Approved the agenda with a change of Item V, Tour of Boiler and Industrial Arts/Ag Building moved to after Item III, Overview of Meeting
Toured Boiler and Industrial Arts/Agriculture Building
Discussed and answered questions for Facility Priorities: 1) HVAC System Secondary Building - $3,300,000; 2) Industrial Arts/Agriculture Building – $2,616,000; 3) Secondary Library Remodel - $700,000; 4) Bus Barn - $700,000
Discussed and answered questions on Financing Options: 1) Retire $0.90 GO Bond at end of 2016-17 and replace with new bond for 20 years will generate $4.2 million; 2) Increase to $1.25 GO Bond for 20 years generates $5.9 million; 3) Increase to $1.50 GO Bond for 20 years generates $7.1 million
Discussed and answered questions on Tax Impact Scenarios for each of the Financing Options: 1) Home Owners 2) Commercial Property 3) Farm Land
Discussed and received feedback on Gymnasium Options: 1) Competition 2) Practice Facility 3) Community Fitness Center
Adjourned the meeting at 8:42 pm
