Friday, August 2, 2013

Update August 2, 2013








Construction is in fool swing at the School, the first phase for asbestos abetment has been completed.  Mold abetment in the 1989 wing is done and mercury abetment has been completed too.

We have a project sign now and so many things are happening at the same time it is a very exciting time at School!  The weather has collaborated with us and excavation and foundation work is happening now.  

The storm drainage pipe through the recreational field is done and a little more work is needed still, to make sure grass grows properly.  The Oversight Committee has been coordinating with the Recreational field Board on different scenarios for the upcoming fall season.

Inside the School they are working on the Gym to have the first phase done as soon as possible; ceiling in hallways have been taken out to allow for easy access for rewiring, adding ducts, etc. Our staff at East Montpelier is working on getting school ready for kids, from summer cleaning to coordinating with our Clerk of the works all of the little details, plus making sure all the educational needs are taken care of too.  

A lot of questions have been asked about the tax Information here the note that was posted from the School Board on the blog on July 28th: 

"Due to favorable financial market conditions, the East Montpelier School Board secured permanent financing for the school construction and renovation project that was approved by the voters in November 2012.  We were able to lock in a rate lower than the rates projected at the time of the bond vote. This will save taxpayers over $300,000 over the life of the loan. 2013-2014 property tax bills include the East Montpelier Elementary School Bond payment. The tax rate includes a 16.4-cent increase for residential properties. Nonresidential properties are not impacted by the cost of the project and do not have a tax increase for this construction project.
Residential property owners whose combined household income is less than $99,000 (or $106,000 if working) may be eligible for a property tax adjustment. Vermont State Tax Forms H144 and H122 can still be filed until October 15, 2013."

We are working in getting a table on the estimated anual tax increase associated with the project and some examples out as soon as possible.  

Thank you for your patience during the renovation,

Oversight Committee

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