The following information reflects the revised design and cost information that is being proposed for the 2022 bond vote.
Total project costs are summarized below.
| Construction ‘Hard Costs’ | $4,796,000 |
| Owner ‘Soft Costs’ Design & Testing Legal Security, Data & Technology Furnishings Utility Charges & Bond Costs Contingency | $338,680 $10,000 $65,000 $100,000 $50,000 $215,300 |
| TOTAL PROJECT COSTS | $5,574,980 |
Proposed 2022 Bond Vote: $590,510 less than 2021 Bond Amount
Building Cost Savings:
- Reduce Addition Square Footage (eliminated Flex Classroom & Gym Storage)
- Simplified design of addition
- Utilized more cost-effective building materials
- Reduced renovation work
Sitework Costs Savings:
- Redesigned addition to avoid moving road and existing transformer
Soft Cost Savings:
- Lower building costs resulted in lower design/admin fees and contingency
Projected tax impact figures are still being reviewed and the following table includes options for a 10-year, 15-year, and 20-year bond term from the New Hampshire Municipal Bond Bank. Tax impact estimates are based on level principal payments and the 2021 town assessed valuation of $811,883,203. If the project passes, the school board will apply for use of impact fees to offset the interest payments for the first year of the bond.
| 10-Year Term | 15-Year Term | 20-Year Term | |
| Estimated Interest Rate | 1.50% | 2.00% | 2.50% |
| Year-1 Est. Tax Rate per $1,000 Valuation | $0.17 | $0.17 | $0.17 |
| Year-2 through Final Year Average Est. Tax Rate per $1,000 Valuation | $0.74 | $0.53 | $0.43 |
| Estimated Average annual taxpayer impact (assumes a $350,000 assessed property) | $259 | $184 | $152 |
