The Corvallis School Board adopted the recommended Long Range Facilities Plan at the January 11, 2018 meeting. The plan is a living document that will be used by Facilities and Transportation Director Kim Patten to prioritize projects throughout the district. A final version of the plan will be published to the web soon.
In a separate action, the board voted to place a general obligation bond on the May 15, 2018 ballot for school facilities improvements as prioritized in the Long Range Facilities Plan.
The total amount of the bond is $199,916,925. Based on a levy rate analysis by Piper Jaffrey, if approved, this bond would result in a $1.98 levy rate which is an increase from the average levy rate of $1.64 for the current facilities bond that will fully expire in 2019. For example, the owner of a home assessed at $240,000 would pay $475 annually which is $81 more per year or $7 more per month when compared to the average cost of the last bond.
Projects in the bond are designed to:
More information about bond projects will be available in the coming weeks.