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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

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