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
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  •  = $22,754,219 Construction June 2022 to end July 2023 Open Fall 2023