2018 Bond Timeline

Below is a projected timeline of WOCCISD bond sales and projects associated with each. Selling the bonds at different times:

  • Keeps us from paying interest on money we do not need immediately;
  • Keeps the tax rate lower because we are not purchasing all of the bonds at once; and
  • Assures the district of a better interest rate if we purchase bank qualified notes
    (under $10 million in one year).

 

Round 1 – Sell $9.7 million of bank qualified bonds; receive funds in February 2019

Projects to begin ASAP:

  • Security - $800,000
  • Middle School roof replacement - $350,000
  • Fencing around Career Center - $60,000
  • High School signage - $15,000
  • High School chill water piping insulation - $33,000
  • Stadium seating - $50,000
  • Visitor parking drive - $65,000
  • Competition gym flooring & lighting - $200,000

Projects estimated to begin June 2019:

  • Update classroom furniture - $1,300,000
  • Technology - $1,900,000
  • High School building “A” roof replacement - $480,000
  • Early College High School - $75,000
  • Genre library - $50,000
  • Math & computer lab updates - $175,000
  • Baseball & softball facilities and football turf - $3,300,000
  • North Early Learning Center parking lot - $100,000
  • Bleacher replacements - $150,000
  • HVAC controls - $650,000

 

Round 2 – Sell $9.7 million of bank qualified bonds; receive funds in January 2020

Projects estimated to begin January 2020:

  • New press box - $1,800,000
  • New competition gym - $10,500,000

  

Round 3 – Sell remainder of bonds, $6,350,000; receive funds in January 2021

 Projects estimated to begin 2021:

  • Transportation - $2,100,000
  • PE gym conversion to weight room - $625,000
  • Cosmetology lab - $85,000
  • Building and trades renovation - $130,000
  • Science lab - $450,000
  • Shop update - $100,000
  • Fine arts - $300,000