Bond and Property Sale both pass. Thank you, Lolo!
It is an opportune time based on trends in the bond market to lock historically low rates, saving our taxpayers debt service costs. Annual debt service payments are projected to be significantly lower than prior estimates presented in 2014 to 2017.
With the help of Lolo School District administration, the State’s 2019 Legislature changed the bond term for Montana Schools from 20 years to 30 years (similar to typical mortgage terms) in order to keep annual debt service payments for our taxpayers low. This change is particularly strategic since our project is a long-term solution for our District.
With growth in the District due to new construction, mills for the debt service will be lower over time since such impact will be spread over a larger tax base.
Estimated tax increase on a $100,000 home (taxable market value), based on 30 year term.
Create a Safe and Secure School with Adequate Circulation
• Students currently circulate between various buildings on a sloped campus that lacks proper ADA access and creates hazards in the winter.
• The current wayfinding is challenging for students, parents, and visitors between multiple buildings and entrances.
• Visitor access to the school is not controlled by best practices in school design due to site constraints and poses a potential safety risk.
• Adequate and separated parent and bus-ready drop-off and pick-up drives will be provided at the new site located off Highway 93.
Accommodate Future Growth
• The new facility will be able to accommodate 650 total students.
This provides for approximately a 120 additional students compared to current enrollment.
• The new facility will have the ability to seamlessly add additional classrooms on both the elementary and middle school wings with the core supporting spaces adequately sized today.
Reduce Recurring Maintenance Needs
• Existing mechanical, structural, and electrical systems across multiple eras of construction are phasing out of their expected lifespan and are now recurring maintenance burdens on the district.
For the Community
• The new facility will provide direct access to the Lolo branch of the Missoula County Public library.
• Fields, assembly spaces, and gymnasiums are a constant constraint for our community. This facility will provide access for community groups, youth sports, as well as extracurricular activities.
For All Students and Staff
• Instruction time will no longer be lost transitioning between buildings – all students will be under one roof for K-8.
• Adequate educational spaces appropriate for elementary and middle school students will be provided.
• 21st Century educational spaces for breakout activities and evolving instruction methods.
Offsetting the Bond Cost
• The district intends to sell the existing property once the new facility is built to offset costs associated with the Bond.
A Public & Transparent Process
Click here for more details on the process. RFQ Documents and Scoring, Meeting Minutes, Cost Analysis, Traffic Report, etc. If you don't find what you're looking for, we'll find it. Contact Dale Olinger at (406) 273-0451.