How this Bond Issue Different

How is the scope of this project different?

	2022 Bond Issue	2024 Bond Issue	Additional Information
Core Classrooms	40 Rooms	32 Rooms	Teacher share rooms at 90-95% capacity (2029), Reduced 7,402 Sq. Ft.
Common Areas			Common spaces such as Administration Offices, Storage, Corridors, etc. reduced by 11,854 sq. ft.
Out Buildings	Out Building for each athletic field	One centrally located Out Building	One Out building will be centrally located in proximity to all outdoor athletic fields. Outdoor locker rooms will be cut from the project. The square footage will go from 10,151 to 5,540 sq. ft. saving 4,611 sq. ft.
CTE Rooms	Undecided Programming	Clear Programming Plans	Academy programs at the new school will host Small Engines, Metals, Mechanics, and Welding in one space and a Health Academy in a second space. Programming at the current school will be Woods and Drafting and an Education Academy.
Natatorium	Possible Addition	No Possible Addition	The addition of a Natatorium was a possibility as an add on to the 2022 Bond. It will not be in the proposed project.
Mechanical	Dedicated Outdoor Air System (DOAS) within facility	DOAS will be located on the roof	This cuts down on square footage needed inside the facility by 5,005 sq ft, helping lower the overall cost of the project.
Elementary Site #7	Elementary Site #7 prepared	Elementary Site #7 Prep Excluded	The 2022 Bond included infrastructure preparations for elementary site #7 on the north part of the location. This is not included in the proposed project.
Stadium Expansion	Included	Excluded	The current proposal does not include the High School Stadium expansion.
Security Upgrades	Ballistic Glass	No Security Upgrades	The District is in the process of writing a grant for the security upgrades proposed in the 2022 Bond

How is the scope of this project the same?

	2022 & 2024 Bond Issue	Why?
Total Enrollment Capacity	1,00 Expand to 1,500	Enrollment growth dictates having larger capacity in the future
Tennis Courts	Six (6) Courts and Lights	Conference program started and growth potential
Auditorium	800 Seats, Dressing Rooms, Scene Shop	Fairness between buildings
Parking Lot	1,000 Stalls	Ensuring Enough Parking for Current and Future
Athletic Fields	Baseball, Softball, Lower Level Football, Soccer and Track - Band	Ensuring Consistency Between Schools

How is the cost different?

	2022 Bond Issue	2024 Bond Issue	Savings	Additional Information
Cost per square foot	$414.57	$394.37	$5,100,500	Update of Estimates
Total square footage	281,372	252,500	$11,969,465	Reduced Classrooms Reduced Mechanical Space Reduced Commons Areas/Athletics Reduced Outbuildings
Technology/Furniture	$9,204,068	$8,288,180	$915,888
Architect/Engineer Fees	$7,192,655	$6,185,475	$1,007,180
Public Infrastructure	$8,919,985	$7,909,765	$1,010,220	Reduced Internal Roadways Reduced Utility Construction
Jurisdictional/Utilities	$2,104,105	$2,291,502	($187,397)	Increased Fees Since 2022
General Expenses	$899,044	$779,548	$119,496
Reduced Contingency	$5,832,457	$3,485,241	$2,347,216	5.0% to 3.5%
Total	$150,801,457	$128,518,118	$22,283,339	14.78% Reduction in Cost

How is this bond issue different?

	2022 Bond Issue	2024 Bond Issue	Additional Information
Total Levy Impact	10 cents	4.9 cents	51% Reduction
$400,000 Home Cost	$33.33 per month	$16.33 per month
Valuation Assumptions	11% for Five Years 8% for Five Years 5% for Remaining	9% for Five Years 7% for Five Years 5% for Remaining	5 Year Average - 14.30% 10 Year Average - 12.05% 15 Year Average - 10.11%
Length of the Bond	25 Years	22 Years	Saves on Interest Payments
Estimated Interest %	3.5%	4.42%	Estimate until actual bond sales
Bond Underwriting Firm	Piper-Sandler	DA Davidson
Bond Underwriting Fee	7.5% Per $1,000	6.75% Per $1,000	Average for DA rate
Years Before Principal	10-12 Years	3-5 Years	Taking Place to Even Out Payments

Bennington Public Schools

11620 N 156th Street, Bennington, NE 68007

Phone 402-238-3044| Fax

Notice of Non-Discrimination: The Bennington Public School District does not discriminate on the basis of sex, disability, race, color, religion, veteran status, national or ethnic origin, age, marital status, sexual orientation, pregnancy, childbirth or related medical condition, or other protected status in its programs and activities and provides equal access to the Boy Scouts and other designated youth groups. The following persons have been designated to handle inquiries regarding the non-discrimination policies: Students: Mr. Dan Bombeck, Director of Student Services, 11620 North 156th Street, P.O. Box 309, Bennington, NE 68007 (402) 238-3044 ([email protected]). Employees and Others: Dr. Matt Blomenkamp, Assistant Superintendent 11620 North 156th Street, P.O. Box 309, Bennington, NE 68007 (402) 238-3044 ([email protected]). Complaints or concerns involving discrimination or needs for accommodation or access should be addressed to the appropriate Coordinator. For further information about anti-discrimination laws and regulations, or to file a complaint of discrimination with the Office for Civil Rights in the U.S. Department of Education (OCR), please contact the OCR at 601 East 12th Street, Room 353, Kansas City, MO 64106, (800) 368-1019 (voice), Fax (816) 426-3686, (800) 537-7697 (telecommunications device for the deaf), or [email protected]. TITLE IX The Bennington Public School District is committed to offering employment and educational opportunity to its employees and students in a climate free of discrimination. Accordingly, unlawful discrimination, harassment and retaliation of any kind by District employees, including, co-workers, non-employees (such as volunteers), third parties and others is strictly prohibited and will not be tolerated.