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Gatesville ISD reviews $23M facility plan, finance adviser says bonds possible without tax-rate increase
Summary
Trustees reviewed an architectand financial advisorballpark estimate for a package of renovations and additions totaling about $22.93 million (plus contingencies) and were told the district could borrow up to $26 million without raising the tax rate; trustees discussed May vs. November bond timing and next steps.
Gatesville ISD trustees heard a presentation on a multi-site facilities package that would replace portables, renovate the auditorium and junior-high facilities, add seating and a press box at McKinney Stadium and make accessibility upgrades, with a preliminary estimated cost of $22,930,000 and a recommended 10% contingency for inflation.
The proposal presented by district staff and an architect from Huckabee listed itemized estimates: a new junior-high band/choir/theater complex ($4.2 million), a connection to Mary Bishop gym ($1.8 million), a complete auditorium renovation ($750,000), a new field house ($7.7 million, including a weight room), addition of sixth grade classrooms and related cafeteria and…
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