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Board approves 10-year facilities maintenance plan; staff update on solar and parking projects
Summary
The board approved a 10-year facilities maintenance plan after staff said LTFM revenue this year (about $800,000–$850,000) did not fully cover approximately $1.2 million in maintenance projects.
The Grand Rapids board voted to approve the district's 10-year long-term facilities maintenance (LTFM) plan at the July meeting.
Kara, who presented the plan, explained the LTFM revenue formula: state distributions use per-student multipliers and a building-age factor. She said the district's average building age has dropped after selling or demolishing older buildings and adding new construction,…
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