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Shakopee Public School District outlines $29.5 million plan to replace roofs, fix parking lots and spread costs over 15 years
Summary
District officials proposed a multi-year facilities plan that would borrow about $29.5 million—$9.5 million to start in 2027–28 and roughly $20 million later—funded by a new levy using LTFM-plus statutes and payment (abatement) bonds; estimated worst‑case tax impact about $19 on a $400,000 home.
Shakopee Public School District officials presented a multi-year facilities and finance plan May 11 that aims to address aging roofs, parking lots and other site infrastructure across district properties.
Director of Finance and Operations David Baskovich said the district’s long-term facility maintenance (LTFM) revenue is insufficient for major replacements and outlined a structured five‑year approach that prioritizes projects by condition and timing. He said community donations support recognition events but not capital projects.
Michael Hart, the district’s director of public finance, described the proposed financing: an initial borrowing of about $9.5 million to fund construction in 2027–28 and a second borrowing of roughly $20 million for later phases, for a total near $29.5 million. Hart said the district plans to use two board‑level funding tools: (1) the LTFM/LTFM‑plus provisions that the board can approve as part of the annual LTFM plan, and (2) a…
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