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What are the long term plans of this bond referendum?

The referendum uses bonds with a twenty-year term. When we spend bond money, we need to make sure that the solutions we execute have a service life that is longer than the term of the debt. The district is committed to taking care of its buildings and making smart investments going forward. Washington School is being repaired, remodeled and upgraded. It is not cost-effective to invest in Lincoln or Jefferson for that period of time. It is more cost effective to replace both buildings with a single new structure. These changes will significantly reduce our operational and maintenance costs which will save the district money in the future. The bond term is 20 years and the systems and changes that are in this bond referendum will well exceed the repayment term of the bond.

The district has been very successful at extending the life span of very old systems. We have systems that are 15-30 years past their life expectancy (ASHRAE). The district has done a remarkable job extending the life of these buildings as much as possible (i.e. doubling the life expectancy on nearly all mechanical equipment), but we are running out of the ability to keep doing so. Due to the age of many of these systems, repair parts are extremely difficult to find, and becoming excessively expensive.

This plan that is being put out to voters, has been carefully thought out to ensure future assets will serve our community for many years to come.

Questions? Please Contact:

Stephen Schreibeis at 406-377-5339 or schreibeiss@glendiveschools.org

www.glendiveschools.org