Post by momto4 on Mar 28, 2006 8:55:54 GMT -6
Wouldn't it be nice to have a school site for $3.6M? This article made me think of various cost-saving options CFO might have suggested for us if the referendum had failed.
www.suburbanchicagonews.com/beaconnews/city/2_1_au25_swchhigh_s1.htm
Sandwich buys site for new school
By Pat Wallis
SPECIAL TO THE BEACON NEWS
SANDWICH — Land for a new school immediately south of Indian Valley Vocational Center has been purchased by the Sandwich School Board.
Land-cash funds and impact fees will be used to buy the 60-acre site that's priced at $60,000 an acre, or a total of $3.6 million.
Officially, the School Board voted to approve "Articles of Deed with Allen C. and A. Norman Otto" for the land, and "final closing is contingent on all due diligence."
The School District's long-term-growth committee of parents and citizens helped the board come to the decision to buy the land that would be adjacent to the north side of the DeKalb-LaSalle County Line Road if the road were extended east toward Millington Road.
At present, thoughts are to build a new high school on the site, partly because it would be close to the present high school's athletic fields.
It's also near IVVC, where up to 20 percent of Sandwich High School juniors and seniors attend classes.
The present Sandwich High School is now crowded with about 810 students and has five portable classrooms in use on the east end of the building. Two more portable buildings that have two classrooms in each will be added to that site in the summer of 2006 for next term when an even larger enrollment is expected.
The School District has $1.1 million in a fund collected in land-cash and impact fees. The district will pay the $1.1 million immediately, and at least $200,000 annually for 10 years to complete payment. Land-cash fees are collected when development final plats are filed, and impact fees are collected when each home's building permit is issued.
A referendum will be needed to build the new high school, Superintendent Rick Schmitt said.
Facility planning committees are looking at programs and courses for a new high school, he said. After the committee makes recommendations, an architect will design a structure that meets those needs.
03/25/06
www.suburbanchicagonews.com/beaconnews/city/2_1_au25_swchhigh_s1.htm
Sandwich buys site for new school
By Pat Wallis
SPECIAL TO THE BEACON NEWS
SANDWICH — Land for a new school immediately south of Indian Valley Vocational Center has been purchased by the Sandwich School Board.
Land-cash funds and impact fees will be used to buy the 60-acre site that's priced at $60,000 an acre, or a total of $3.6 million.
Officially, the School Board voted to approve "Articles of Deed with Allen C. and A. Norman Otto" for the land, and "final closing is contingent on all due diligence."
The School District's long-term-growth committee of parents and citizens helped the board come to the decision to buy the land that would be adjacent to the north side of the DeKalb-LaSalle County Line Road if the road were extended east toward Millington Road.
At present, thoughts are to build a new high school on the site, partly because it would be close to the present high school's athletic fields.
It's also near IVVC, where up to 20 percent of Sandwich High School juniors and seniors attend classes.
The present Sandwich High School is now crowded with about 810 students and has five portable classrooms in use on the east end of the building. Two more portable buildings that have two classrooms in each will be added to that site in the summer of 2006 for next term when an even larger enrollment is expected.
The School District has $1.1 million in a fund collected in land-cash and impact fees. The district will pay the $1.1 million immediately, and at least $200,000 annually for 10 years to complete payment. Land-cash fees are collected when development final plats are filed, and impact fees are collected when each home's building permit is issued.
A referendum will be needed to build the new high school, Superintendent Rick Schmitt said.
Facility planning committees are looking at programs and courses for a new high school, he said. After the committee makes recommendations, an architect will design a structure that meets those needs.
03/25/06
It also made me think how lucky that school district is to be able to take advantage of so much cheaper land. I come from the perspective of thinking it is a fairly close by (~20 miles) district rather than a really far-away district. 
