Lakeview Local School District Bond Issue November 4, 2014 “The Public School is the greatest discovery by man.” Horace Mann

Investment in the Future of Our Community

Scope of Project Timeline Begin Construction – Spring of 2016 Move In – Fall of 2017/2018 School Year

Bond Millage Bond Millage 4.55 Plus.50 Mill Required for Maintenance 0.50 Total Millage 5.05 Cost to Average Homeowner per $100,000 of Home Value Annual – Bond Issue Only $ Annual – Bond and Maintenance $ Daily – Bond Issue Only $0.44 Daily – Bond and Maintenance $0.48

What will this bond levy cost the average homeowner? Calendar Year New Bond Levy Millage Required PI Levy Millage Decrease in Current Bond Levy Millage Net Increase in Bond Millage with New Levy Passage Approximate Additional Net Cost for owner of $100,000 home per year $ $ $ $ $ $80.5

Ohio Facilities Construction Committee 30% Discount Total Cost: $33,209,397 Our Share: $23,815,000 State Share: $ 9,394,397

Cost Analysis Renovation of Lakeview Elementary$10, 726, 968 Renovation of Lakeview Middle$10, 666, 657 Renovation of Athletic Facility$1, 890, 000 Total Cost of Renovations$23, 283, 625 Build New PK-8 Building$31, 319, 397 Renovation of Athletic Facility$1, 890, 000 State Share (OFCC) of the Project-$9, 394, 397 Lakeview Local Share of the Project$23, 815, 000 Cost to Renovate Cost to Build Difference of $531,375 Equivalent to.1 mill, or $3.50 per year for the average taxpayer

Why not... Bazetta? Well over a million dollars to extend sanitary sewer. 5 acres of land vs at the Middle School Site. High School? Too much total millage. High 8’s for two new buildings. Configuration and building utilization is not economical. One campus? 33 acres at the high school site is not large enough. Land near Mosquito Lake is not large enough.

TOTAL SCHOOL DISTRICTMILLAGE 1Weathersfield Warren McDonald Hubbard Brookfield LaBrae Mathews Girard Bloomfield - Mespo Niles Liberty Bristol Southington Maplewood Champion Lakeview Howland Lordstown Joseph Badger Newton Falls 37.45