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Mahomet-Seymour board hears $64M–$150M scenarios to address overcrowded junior high; staff asked to return cost options
Summary
At a study session the Mahomet-Seymour CUSD 3 board heard detailed estimates for repairing and expanding the junior high, including a $64 million addition option that could be bonded without a referendum and an $81 million estimate to build a new junior high; board asked staff and architect to return refined scenarios and tax-impact calculations.
Mahomet-Seymour CUSD 3 board members spent the study session reviewing facility needs at the district junior high and discussing financing scenarios that range from a $64 million addition to an $81 million new-build and larger referendum packages up to $150 million.
An unnamed district presenter said the junior high, built around 1960, is overcrowded and reports 805 students in a building with a non-PORTABLE capacity of 615. The presenter identified aging mechanical, electrical and plumbing systems, water infiltration on the west side and asbestos in places, and said those conditions and space constraints are driving the district to consider sizeable capital work. "We know that the building is overcrowded," the presenter said, and referred to a BLDD estimate of about "$20,000,000" to upgrade whole-building systems.
Board members and the district's financial advisor laid out several financing pathways. The presenter explained that Illinois law limits bonding without a referendum to about 13.8% of the district’s EAV (equalized assessed value), which…
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