WHY ARE 2 OF THE LEVY REQUESTS FOR THE NEW CONSTRUCTION?
$118 million is all that could be legally borrowed for the bonds to build the new buildings. The extra money (to get to the $165 million ask) will come out of the permanent improvement levy for 30 years. Meaning we will have less money to maintain the buildings with.
Keep in mind all the money we need to put into LMS/LIS and the HS and they are less than 30 years old.
Are we borrowing too much?
On Friday, October 25th, John Ames the LCSD Business Manager, told a group of NO voters, that the District stopped doing non-emergency type maintenance to the 3 buildings slated for Grailville about 6 years ago when talk started about rebuilding.
Question asked if any outside sources were approached to raise/donate funds to help with the athletic upgrades/fine arts center? Answer was NO.
Should they have done the extra work to try and lessen the burden on the taxpayer?
Question asked if the money from the sale of the existing buildings or any money received will go towards paying off the levy early? Answer was NO.
Through the Ohio Facilities Construction Commission (OFCC) ELPP Program, which the Board of Education has applied, the Loveland schools will receive up to $20 million in reimbursements from building this Master Plan.
Loveland School District spent $548,000 on Building A Tiger Nation beginning in March 2018?
- $133,000 - Allerton Hill (Marketing Firm)
- $210,000 - Emersion Design (Architect)
- $105,000 - Bricker & Eckler (Bond Attorney)
- $100,000 - Grailville property escrow deposit