Barry Cain

Since the passage of the facilities referendum in April, our staff, construction professionals, and finance professionals have been working hard to move the project forward. 

We have great news on the financing of the construction bonds. We had originally estimated an interest rate of 5.5% and a tax impact per $100,000 of home value when the referendum was brought to residents. We have officially sold the first $14.4 million in bonds at a rate of 4.46% which will lower the estimated tax impact by nearly 10% from our original projection of $79 per $100,000 of home value to $72 per $100,000 in value. Over the life of the borrowing, it is currently estimated that we will avoid about $3.2 million in interest with this lower rate. It is always great for our residents to be able to complete the projects with a lower tax impact than originally anticipated. 

Over the past number of weeks many meetings have been held with staff, construction managers, and architects to begin the design phase. Along with these meetings we have conducted visits to other school districts to view their facilities while also visiting CVTC and UW-Stout regarding their engineering programs to assist in our visioning of spaces and curriculum as we move ahead.  

We are moving now into the phase of beginning actual designs that will ultimately lead to the bidding documents that will go out this winter. Again, we are planning for actual work to begin in April 2025 with all projects completed by August 2026.  

Look for much more information to come as we solidify plans and move ahead and thank you again for your support of this project.