001we'll call the meeting to order this is a public hearing on the 2024 General obligation Bond so we are um sharing information about our need for a bond this would be a tax neutral bond that we would be able to add to take care of some long-term maintenance um projects that we have throughout the district but the first priority is actually for some school safety improvements so the school safety projects would be prioritized first and would be at every um building in the corporation allow us to harden our entry ways um for additional security and also Harden some areas in the school based on best practices and recommendation from law enforcement officers and law enforcement safety um Consultants so this would do things like um providing secure entry barriers um adding some safety film to
002additional areas things of that nature are some examples of grading some camera systems so those safety projects would be the top projects in the $3.5 million proposed Bond followed by long-term maintenance projects throughout the corporation things like Roofing uh pool filter at the middle school generator Replacements um some uh pool lifts things of that nature throughout the corporation multiple different buildings so a list of potential projects and what we've identified as top priority um you have in your pack and the need for these projects are both one school safety of course is a top priority overall and then the long-term maintenance projects allows us to keep up our beautiful facilities which are in nice working order and maintain that long term so again this would be tax neutral and I'll let Philip um speak more
003to the financing portion okay on the on the finance side the reason why this is sort of become an opportunity is the fact that the county AB went up yet again and we're able to do this again tax neutral is nice we buil we can we can sort of topload it too this I designed this one like we did the 2023 one where we're going to pay a probably bigger chunk off in the first year save some interest money and and then spread the rest of it out in your packet you got the uh presentation slide two just sort of shows where we have the capacity and then you go to slide four that's where it talks about the availability of the general obligation Bond even with this one and our other one we're still
004going to have capacity if we had an emergency or something come up we could have an additional borrowing because you can see with our av going up that's also increased the total amount we could have within a bond next slide shows what we're borrowing which is 3.5 we're going to do it over 10 years versus 15 because we have a large as the previous slide shows we've got a large amount coming off in 27 28 time frame and we're going to we're not worried about having to spread this out further so again try to save interest money by keeping it short of 10 years is another another choice we made the slide six shows what the actual payments will be you can see the slight increase in 2425 that's pretty much because the AV and
005the Avail availability increase of of the debt load on there and that's about it unless there's any questions any questions from the board regarding um projects hearing none I'll entertain a motion to adjourn this public hearing public input if there's anyone from public is there anybody here um from the public that would like to comment on the bond or any of the projects now we'll entertain a motion I have a motion by ear do I have a second second by Chelsea um all those in favor seven meeting a