Bond Proposal and Schedule

Bond Proposal and Schedule

We are proposing a $80,000,000.00 bond, which would not require an increase in the tax rate and would allow us to make significant progress in addressing our most immediate needs.

Year I

Remodel and reopen Riverside Elementary.                                     Construction to begin May 2020 complete July 2021 

                            Open Fall 2021

School functional capacity K-5  455 students. 2 classrooms per grade level with a new gym.

Budget range $14,228,506 to $15,108,620.

Add 6 kindergarten classrooms to Ocotillo and expand the cafeteria.  Construction May 2020-May 2021

School functional capacity K-5  821 students. 6 classrooms per grade level.

Budget range  $7,230,878 to $7,599,800                                                   Construction June 2020-July 2021 Open Fall 2021

Add 6 kindergarten classrooms to Desert Willow and expand the cafeteria.  

                                                      Construction June 2020-May 2021 Open Fall 2021

School functional capacity K-5  842 students. 6 classrooms per grade level.

Budget range $7,452,821 to $7,706,40

Construct 1,100 seat Performing Arts Center at Carlsbad High School.         Construction June 2020-July 2021

Budget range $14,000,000 to $15,000,000       Open Fall 2021

Construct multisport locker room/meeting facility.                                            Construction June 2020-July 2021

Budget range $14,000,000 to $15,000,000.                                                         Open Fall 2021

Total Cost of  Year I at high end    $60,414,823.00

Year 2

Remodel Sunset with Kindergarten addition, new gym and new pickup/drop off lane.

School functional capacity K-5  577 students. 3 classrooms per grade level.

Budget range  $18,486,961 to 19,233,909                                 Construction June 2021 to end July 2022

  Open Fall 2022

Remodel Monterrey with Kindergarten addition, new gym and cafeteria.

School functional capacity K-5 470 students.  3 classrooms per grade level.

Budget range  $15,375,885 to $5,841,821                                 Construction June 2021 to end May 2022

  Open Fall 2022

Total Cost of Year 2 at high end  $35,075,730.

Funding sources  $80,000,000 from new bond

                              $15,490,553 from HB 33, SB 9 and possible proceeds from disposition of  property

Total Cost            $95,490,553

 

Year 3  New bond for $44 to $48 million no increase in tax rate. This will complete the elementary phase and allow for move to Middle School and High School improvement projects.  

Remodel Hillcrest                                   $14,921,152

Remodel ECEC                                         $7,833,067

                                                                $22,754,219      Construction June 2022 to end July 2023 

       Open Fall 2023