Energy Efficiency/Improvement Bond Issue Proposition   Update 11/5/2010 | Additional Construction Photos of Hawthorne Elementary | Bus Garage | High School Savings to the School District on $2.73 million General Obligation Qualified School Construction Bonds (QSCB) Series 2010D Earlier we promised we would try to obtain information on the approximate savings the passage of the bond issue and sale of these bonds created for the school district. The district’s bond counsel is estimating that the savings to the school district will amount to approximately $1.5 million dollars. Another benefit to this issue is that beginning in 2014 the school district will begin putting funds in an interest bearing account to make the bond payments on this issue in 2025. Over the 11 years the district is accumulating the funds for the 2025 bond payments they will also receive interest on these designated funds. This interest when combined with the above mentioned savings in interest should result in an overall benefit to the district of in excess of $1.8 million dollars. The Mexico School District is extremely pleased with the savings they have obtained through the purchase and renovation of the Plastec building in the Mexico Industrial Park. The new Mexico Public Schools Transportation, Maintenance, and Central Delivery facility is nearly complete. The following table shows the districts expenditures to date on this project: Budget Amounts:  $950,000.00 Building Purchase: $480,000.00 Asphalt:  $149,096.00 Shelving:  $2867.31 Lighting:  $2464.91 Building Materials:  $11,186.46 Mechanics Equip:  $12,994.00 Cleaning:  $362.29 Electrical:  $8716.90 Heating: $5359.00 Video Surveillance:  $7093.00 Concrete:  $96.30 Flooring:  $372.55 Wash Bay:  $20,043.00 Balance of Project:  $249,348.28 Highlights of Project:        1. The school district will save in excess of $200,000 in comparison to constructing a new facility. This savings will be utilized by the district to enhance their facilities in another area.       2. The new facility will eliminate congestion at high school campus and provide the district with the ability to centralize food storage, maintenance, and supply delivery.       3. The previous transportation center alone cost the district $24,000 per year in utilities. Projections for new facility are in the $12,000 to $15,000 range and this includes the addition of food storage and other services not presently housed in old transportation facility. Estimated annual savings are in excess of $15,000 per year and this will be greater when 5200 sq ft of office space is utilized by the district.        4. The additional 5200 square feet of office space will be utilized by the district in the future. Previous content has been moved to this PDF, please feel free to download for viewing at your convenience.  To download and view the file you will need a free PDF reader such as Adobe Acrobat. Select Image for Construction Photos