[{"_1":2,"_100":-5,"_101":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76,88],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",5973264,"mediaKeyId","5834400-41d12159a5824313887a9bce3f5a8906","parentId",5834400,"title","Board approves $8.74 million Schneider Electric HVAC contract, greenlights DNR loan and tax-exempt lease with $2.5M down","audioSeconds",881,"startMs",2115000,"endMs",2996000,"viewUrl","/Search/View?dp=1&key=5834400-41d12159a5824313887a9bce3f5a8906&start=2115&end=2996","thumbnailUrl","https://assets.pipeline.soar.com/5834400-41d12159a5824313887a9bce3f5a8906/thumbnail_2115000.jpg","articleUrl","/articles/5973264/Missouri/Board-approves-874-million-Schneider-Electric-HVAC-contract-greenlights-DNR-loan-and-tax-exempt-lease-with-25M-down","mediaUrl","https://secure.pipeline.soar.com/5973264-57eff6b7e2833fcf7389a4f73f80ca56/orig.mp4?Expires=1770458068&Signature=RA4LDP3ss6IrG-tsfY3CI-V3FwUYIxkKcqmnQI891IgND4BjnbedNOYLO2K6e8oGS8vqysNg~RvGv4hNNihLN0LwfIoZu16Hf7quWcJJvai4YR~i4xum7e2iXg5CRlavaIPEhA1wBAnM2qd2wWvCAXsSB58~Yu53dQVk5XLyKV4n1BIdfhfXRfT38Fm7L2zQd~0KQPZN-~IMqtlI3mUc27Zb9SzBf7DwOd~NA8A4zFpVkl~ZHUgDnCeO3FxIfu9cq49jkFMSaiaGPdMNsTQssQULLPnnNmctbQQI6Wga6~lhX0nGeR-Wtlek50GOocIEE5tHx9CEWuvKrGU4W4rong__&Key-Pair-Id=KUT5TJCACFTXG","author","Hillsboro R-3 School District","date","2025-09-26T07:31:46.953Z","article","HILLSBOROUGH — The Hillsborough School District board voted to enter a guaranteed-maximum-price contract with Schneider Electric to replace the high school heating, ventilation and air-conditioning system, approving a project value of $8,739,846 and authorizing associated financing this evening. The board also approved a Missouri Department of Natural Resources loan and a 15-year tax-exempt lease purchase agreement with Bank of America, with a $2,500,000 down payment from the district’s capital reserves.
The contract covers a full mechanical replacement of the high school system, equipment, engineering, construction management and warranty support, Schneider Electric representatives said during a presentation to the board. Daryl, identified in the presentation as Schneider Electric’s senior director of operations, told the board the contract is a guaranteed-maximum-price arrangement so the company assumes the risk for cost overruns tied to the defined scope.
District staff presented a financing plan that pairs a DNR loan in the principal amount of $1,645,203 at a 2.5% interest rate with a Bank of America tax-exempt lease to cover the project balance. Board packet materials and staff comments explained the recommended structure includes a $2,500,000 down payment from capital reserves; staff said that extra down payment would save approximately $176,000 in interest over the loan term compared with a $2,000,000 down option.
The district’s presentation included an estimate of operational savings: replacing the high school equipment is projected to reduce utility costs at the high school by about 10%, roughly $20,000 per year, not including reduced emergency repair costs. Schneider representatives said the project also includes commissioning and integration with the district’s building automation controls.
Board members discussed schedule, logistics and coordination with other summer projects. Schneider’s team described a construction approach that emphasizes pre-fabrication, phased work and summer installation windows to avoid interrupting classes. At the presentation the vendor stated an installation target of December 2026 if the district approved the contract immediately; at the same time staff discussed summer work and pre-construction activities that would precede full installation. The board memorialized approval of the contract and financing and authorized the superintendent and board president (or designees) to execute mobilization documents.
Staff emphasized the project’s place in the district’s capital plan and the tradeoffs in using capital reserves now versus preserving funds for other repairs and future projects. Board materials show current capital reserves and listed existing obligations (sidewalk and other projects) that factor into the district’s recommended down payment. During discussion staff noted prior energy projects and expected utility rebates (an estimated $60,000 utility rebate expected post-construction) but said rebate amounts were excluded from the conservative financing calculations.
The board approved the Schneider Electric contract, the DNR loan agreement and the Bank of America lease purchase agreement by voice vote. No roll-call tallies for individual members were presented in the meeting minutes.
Going forward, staff said the district will hold pre-construction and two-week look-ahead construction meetings, coordinate schedules with other on-site contractors and finalize procurement and commissioning timelines.","mediaType","Video","parentTitle","Hillsboro R-III School District | Board of Education Meeting | Thursday, 09-25-2025","oneSentenceSummary","HILLSBOROUGH — The Hillsborough School District board voted to enter a guaranteed-maximum-price contract with Schneider Electric to replace the high school HVAC system and approved financing that pairs a Missouri Department of Natural Resources loan with a tax-exempt lease and a $2,500,000 down payment.","taxTitle","HILLSBORO R-III, School Districts, Missouri","taxId",66940,"location","Missouri","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},5973255,"Superintendent: district meets most Senate Bill 68 safety requirements; staff to add stop-the-bleed kits and limited FEMA training",259,1731000,1990000,"/Search/View?dp=1&key=5834400-41d12159a5824313887a9bce3f5a8906&start=1731&end=1990","https://assets.pipeline.soar.com/5834400-41d12159a5824313887a9bce3f5a8906/thumbnail_1731000.jpg","/articles/5973255/Missouri/Superintendent-district-meets-most-Senate-Bill-68-safety-requirements-staff-to-add-stop-the-bleed-kits-and-limited-FEMA-training","https://secure.pipeline.soar.com/5973255-2105caeb54cd35455df958fbe93f40b8/orig.mp4?Expires=1770458068&Signature=mXEGDtNjxNhX~uM4D~jsy1OdIAOjp0qHNf800Lr2Mz9rVhESBbnwavDA05jKsKCspZF-5LEfl6sc7wdBNCnTWI-NhzOmFhEgTRh3vVYiBB9r3IgapFsNM6nc2QfIqLA-aCq13zvV9MwrxWY1BVjFU0IPUzwwrrRJLhrvHy4wSgtzT5a7AmlqCCnH5E0pwZhqeF~eV4Xa4R5PAmYfpvMt~uEJp6cYxbukr6fzXO0FkOyWoK7G-HrWwmnA0GurbP-Ve13KNkmeZ~D2OgMx7VaeP1ne~UyQolyRkCq-ppVnip~uRiW94cuZYSwpbBpCsXCI06BTmpkKxCJGfx34~bBBKA__&Key-Pair-Id=KUT5TJCACFTXG","HILLSBOROUGH — Superintendent Dr. Isaacson told the board the district reviewed requirements in legislation referenced by staff as Senate Bill 68 and found the district complies with most requirements relating to emergency operations plans, site assessments and training, but identified a few items the district will address.
Dr. Isaacson said the district already has emergency operations plans and site assessments in place and provides CPR training to staff, coaches and bus drivers. The superintendent said that district health coordinator Cathy Woodham and safety coordinator Jim Ramsey reviewed the bill's requirements with him and that the district meets most items. He said two items the district does not yet meet are providing stop-the-bleed kits and offering FEMA incident command training for a limited number of staff; staff said they would order kits and provide training to nurses, counselors and district safety staff.
Dr. Isaacson also told the board that anti-intruder door locks and bullet-resistant film are not currently requirements unless the district adds doors or completes a building project; he suggested facility-committee planning consider these items for future new-construction or renovation projects but said they are not mandated for existing doors.
During the discussion the superintendent credited Ms. Woodham for the district's CPR training cadence, noting the district offers about two trainings per year and requires certain employee groups to be trained. The board received the informational report; no formal board action was required or taken on the safety report during this meeting.","HILLSBOROUGH — Superintendent Dr. Isaacson told the board the district already meets most safety requirements in legislation referenced as Senate Bill 68 but will purchase stop-the-bleed kits and provide limited FEMA incident-command training for staff.",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":93,"_47":94,"_49":95,"_51":96,"_53":97,"_55":56,"_57":58,"_59":98,"_61":62,"_63":64,"_65":99,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},5973260,"District adopts lower tax rate; staff warns ballot measure could freeze assessed valuations",4,0,4361,"/Search/View?dp=1&key=5834400-41d12159a5824313887a9bce3f5a8906&start=0&end=4","https://assets.pipeline.soar.com/5834400-41d12159a5824313887a9bce3f5a8906/thumbnail_0.jpg","/articles/5973260/Missouri/District-adopts-lower-tax-rate-staff-warns-ballot-measure-could-freeze-assessed-valuations","https://secure.pipeline.soar.com/5973260-97d3c5eeedee18a18120b0189b6a623c/orig.mp4?Expires=1770458068&Signature=Fbi9ufN0ilZRssUNQO1jbbXZqsw0chUyOg3mrytlq4tNd8ilMkLPhFrT20~sk9yDopV4drM5LeTZoV58bsMlH~zVRsA5mnxH7In8IRKSZyB8Ed1MURZ~~r5hHZ~nM9tDujxZ97Qs3yS6k3UGN~5spTiThmyA-RMDXLUcvNHzcVTLtXfL729MsaRWFu01ue7HnaGg-thpNdo2Z-3-1AimLAx~Tjrh2pKEmxshte2svAwr4rsLew6KF8nuHf7IDcC3JMq8VBceuISHznh8tKexZZenw-7VU1x3-xp7ZwIDQlLuHQ2PPXSFCucexBQrov8J-ZW8OgHl~qlB6XuCszf8Yw__&Key-Pair-Id=KUT5TJCACFTXG","HILLSBOROUGH — The Hillsborough School District board approved a proposed tax rate of $3.6777 per $100 of assessed valuation for the 2025–26 year, the district announced after a detailed staff presentation on assessed valuations, Hancock Amendment mechanics and long-term revenue impacts.
A district staff presenter told the board and public that assessed valuations in some years rose sharply in the county and that the Hancock Amendment requires districts to lower their tax rates to capture inflation adjustments (staff referred to a CPI/CVI figure of 2.9% in the current certification). The presenter said those mechanics effectively require the district to roll back roughly 6 cents on its operating levy this year and that, since 2018, the operating tax rate ceiling for the district declined from $3.61 to $3.34 — a drop of 27 cents over seven years.
Under the district's proposed rate breakdown, the operating levy (fund 1) was presented at 3.0438 per $100 of assessed valuation and the debt service levy (fund 3) at 0.3339; the district described cent-level adjustments to meet debt-payment obligations. Staff said the proposed total rate is the lowest the district has had in decades and estimated the local revenue to be generated at about $14.4 million under the proposed rate.
The presenter also warned the board and public about a state ballot proposal referenced in the presentation as \"Senate Bill 3,\" saying that if it passes as tentatively expected it would lock assessed valuations at the 2024 numbers. The presenter cautioned that such a lock could have long-term effects on the school district's tax base because assessed values in Jefferson County did not rise in some recent years while other counties experienced higher inflation and valuation growth.
During public comment a resident who identified herself as a Hillsborough parent said, \"If we need to raise our tax a little bit to make sure our kids have everything they need, I'm fine with it.\" The board then opened the tax-rate motion for approval; after discussion the motion to set the proposed rate at $3.6777 per $100 carried by voice vote.
Staff provided several historical examples during the presentation: they said a $300,000 house paid about $2,600.16 in school taxes in 2007 and would pay about $2,096 under the proposed rate, representing an illustrative decrease in school taxes compared with the 2007 example. Staff also encouraged residents to use the Jefferson County property viewer and the district documents included in the board packet to review historical assessed valuations and tax-rate comparisons.
Board materials show the district has used the county-property data and year-over-year comparisons back to 2007 to inform tax-rate decisions and capital planning. The board adopted the proposed rate in open session and the district indicated it will file the rate as required.","The Hillsborough School District board adopted a proposed 2025–26 tax rate of $3.6777 per $100 assessed value after staff described assessed-valuation trends, Hancock Amendment rollback mechanics and possible impacts if a state ballot measure (referred to as Senate Bill 3 in the presentation) limits future reassessments.","actionData","errors"]

Article not found

Board approves $8.74 million Schneider Electric HVAC contract, greenlights DNR loan and tax-exempt lease with $2.5M down

Superintendent: district meets most Senate Bill 68 safety requirements; staff to add stop-the-bleed kits and limited FEMA training

District adopts lower tax rate; staff warns ballot measure could freeze assessed valuations