J A N U A R Y 2 8 , 2 0 1 5

Referendum Hearing

Format of Meeting

Summary of current status of proposals

Mike LaSusa

Q & A

Board of Education, Mike LaSusa, Peter Daquila, school district architects Greg Somjen and Bill Bannister

Referendum Projects as of 1/26

1. Renovation of High School auditorium.

2. Conversion of Middle School auditorium into

additional classroom and professional space.

3. Construction of new Middle School auditorium.

4. Construction of six additional elementary classrooms.

5. Upgrades to Cougar Field

6. Upgrades to High School athletic fields.

Renovation of High School Auditorium

Adjustments to date based on community feedback

Inclusion of new roofing system and new HVAC system

Confirmation that the above improvements will qualify for State debt relief

Cost estimate to date

$2.8 million (State debt relief = about $1.1 million)

Conversion of Current CMS Auditorium

Adjustments to date based on community feedback

Increase number of classrooms from three to four

Confirmation that the entirety of this project will qualify for State debt relief

Cost estimate to date

$3.4 million (State debt relief = about $1.3 million)

Conversion of Current CMS Auditorium

Three design & technology labs

Media classroom

Professional offices

Construction of New CMS Auditorium

Adjustments to date based on community feedback

Reduction in the size of the auditorium

1150 seats to about 975 seats

Cost estimate to date

$10.8 million

Construction of New CMS Auditorium

Site of new auditorium

Construction of New CMS Auditorium

**Preliminary sketch that is subject to change

Construction of Six Elementary Classrooms

Adjustments to date based on community feedback

Eliminate the project at SBS due to cost

Build two classrooms at WAS and four at MAS

Relocate two classroom programs at SBS to MAS, so that each school has a net gain of two classrooms

Confirmation that these projects are eligible for State debt relief

Cost estimate to date

$3.3 million (State debt relief = about $400,000)

Two New Classrooms at WAS

Two classrooms

Front entrance of school

Four New Classrooms at MAS

Four classrooms, two stories

Front entrance of school

Upgrades of Cougar Field

Adjustments to date based on community feedback

None since last meeting

Cost estimate to date

$1.4 million

Upgrades to Cougar

Crushed cinder walking/running path Improved parking

plan

Replacement of macadam, fencing, and bleachers

Upgrades to CHS Fields

Adjustments to date based on community feedback

Reduction in the installation of turf so that the field is a hybrid of natural grass and artificial turf (roughly 1/3 grass and 2/3 turf)

Cost estimate to date

$3.0 million

Upgrades to CHS fields

Baseball fields and multi-purpose field

Total Cost Estimates as of 1/26

Project Estimated Cost

Renovation of CHS/LAF Auditorium $2,844,245

Conversion of Current Auditorium at CMS $3,382,406

Construction of New Auditorium at CMS $10,837,568

Construction of Elementary Classrooms $3,299,970

Upgrades to Cougar Field Complex $1,429,000

Upgrades to High School Fields $3,045,000

TOTAL for ALL PROJECTS $24,838,189

Estimated Tax Impact of Referendum

Total Estimated Referendum Cost= $24,838,189

Total Estimated State Debt Service = $2,905,589

Total Estimated Net Tax Impact = $21,932,599

ESTIMATED TAX IMPACT ON HOMEOWNERS

Per $100,000 of assessed home value

Chatham Borough $23.60**

Chatham Township $22.97**

**Figures are estimates and include the reduction in taxes from the maturity of the 1995 bond

Estimated Tax Impact of Referendum

Total Referendum Cost= $24,838,189

Total State Debt Service = $2,905,589

Total Net Tax Impact = $21,932,599

ESTIMATED TAX IMPACT ON HOMES ASSESSED AT VARIOUS

VALUES

$600,000 $700,000 $800,000

Chatham Borough

$141.60 $165.20 $188.80

Chatham Township

$137.82 $160.79 $183.76

Thank you!