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Board hears bonding scenarios, cost estimates for Memorial Field master plan
Summary
District staff presented debt-service estimates tied to a city-led Memorial Field master plan (study estimate $28.5 million) and discussed potential school share, bond terms and near-term maintenance risks for athletic facilities.
Concord School District staff presented high-level debt-service scenarios for the city's Memorial Field master plan, describing a range of bond terms and tax-rate impacts the board would face if it chose to contribute to construction and renovation.
Board member Mr. Richards reported the study's design-phase estimate and earlier consultant figures: "The design phase is estimated at, at this point, $1,500,000 total. So if it was $50.50, it would be $750,000 each," Richards said, referring to a potential split with the city. Jack (district finance staff) presented debt amortization illustrations prepared with the district's financial advisors and asked the board to consider 20- and 30-year financing scenarios.
Nut graf:…
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