Willoughby-Eastlake City Schools
Bond Issue 5

November 3, 2015

FAQS ABOUT THE WILLOUGHBY-EASTLAKE BOND ISSUE

1.  What is a bond issue?

A bond issue is a funding request placed before voters.  The Willoughby-Eastlake City Schools will have a bond issue on the ballot on
November 3, 2015.  It is for 3.99 mills.  ALL money raised by this bond will be used for facility construction projects and renovations.

2.  Why do you need it?

In 2010, the Ohio Facilities Construction Commission (formerly the Ohio Schools Facilities Commission) recommended replacing all buildings in the district due to their state of disrepair. Because of the impact this expense would have on the community,  a plan was created to replace the buildings with the greatest need and make significant repairs to other buildings in need.

4.  How will the money from this levy be spent?

The money generated from the bond issue levy will be spent only on building and improving facilities.  It will include two new high schools, a new Longfellow Elementary, and major renovations to Eastlake Middle, Willowick Middle, Royalview, TJ, Grant and Edison.  Legally, this money CANNOT be spent on expenses such as staff salaries or operating expenses.

3.  Who created this plan?

A committee comprised of community members, parents, school board members, teachers and administrators collaborated to create the plan.  Input was also gathered from the community through a survey.

5.  Will the facilities be available to community members?

The current plan includes shared athletic space, a performing arts center for community use, a senior center area, as well as areas for community meetings.

6.  When was the last time W-E had a bond issue to build / improve buildings?

Willoughby-Eastlake City Schools has not had a bond issue on the ballot for more than 40 years.

7.  Why is this on the ballot now?

Due to the condition of the buildings, combined with all-time low interest rates, acting now will allow for the largest impact from money generated by a bond issue.

8.  How are you going to have enough money to maintain the new facilities so the same thing doesn't happen again?

W-E currently has adult programming that is providing a surplus of funds.  This year the money was nearly one quarter of a million dollars, and in the next two years, that number will grow to approximately $1.5 million.  This revenue will be used to maintain facilities.

9.  When will construction begin and when will it be completed?

If the bond issue passes, renovations will begin immediately.  Smaller projects, such as roof repairs will be visible first.  The new building construction will begin in the Summer of 2016 and the new schools are projected to be open in the Fall of 2019.  Click here for more details.

10.  How much will my taxes increase?

If passed, the bond issue will cost homeowners $11.64 per month per $100,000 of their appraised home valuation.  Annually, for less than the cost of one new window in your home, every child in the district will benefit from an improved learning environment.

If you have further questions, please contact Superintendent Steve Thompson at 440-975-3757 or

Catharine Beal at catharine.beal@gmail.com or 440-478-9242.

 

Paid for by the Willoughby-Eastlake Levy Campaign  Bruce Allaben, Treasurer  PO Box 1471  Willoughby, Ohio  44096