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District gets first look at 20-year facilities master plan and lowest-cost bond option
Summary
Consultants presented a 20-year facilities plan proposing to preserve a 26.3-mill levy and generate about $1.51 billion over 20 years for phased projects (critical first-phase needs ~ $366M); trustees requested more community engagement and emphasized phase-1 clarity.
Dearborn Public Schools staff and consultants presented a first update on a 20-year facilities master plan and a lowest-cost bond financing option at the April 13 board meeting.
Consultants described a phased approach: an initial set of critical projects (phase 1) priced at an estimated $366 million, followed by additional phases across two decades. The financial model presented would preserve a 26.3 mill levy rate for City of Dearborn households and — assuming city debt retirements align and taxable value…
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