Cost
 Total
cost is up to $8,645,000
 $500,000

from Capital Reserve Fund
$8.145 million bond for the balance.
Cost Breakdown
$822,256
Building
Renovations
$1,411,162
$4,053,208
$2,368,757
In-Kind Track and
Field Replacement
Add Geo-Turf
Synthetic Field
Add Regulation
Track
Declining Debt Level
Two Bonds Currently Outstanding
1995: $3.972 Million with Last Payment in 2014
Current Annual Net Debt Service of $226,000
2003: $9.925 Million with Last Payment in 2017
Current Annual Net Debt Service of $543,456
Total Annual Net Debt Service $769,456
$8.165 Million in New Debt
First Year Net Debt Service (2015/16) of $156,000
Subsequent Annual Net Debt Service $490,000
Tax Impact
Annual tax over 15-year life of bond for average assessed house
$16
$27
$45
Building
Renovations
$78
In-Kind Track and
Field Replacement
Add Geo-Turf
Synthetic Field
Add Regulation
Track
Hillside Elementary







Roof Replacement on the K-2 wing of the building
36 Univents to improve air quality and heating in
classrooms
Classroom and Fire Doors to meet current safety
standards
Floors of the All Purpose Room (large gym) and the
lower wing
Exterior Masonry – repointing of brick work
Electrical Upgrade
Ceiling and Wall finishes
Farragut Middle School
Roof Replacement on the Middle School
Auditorium
 Exterior Masonry – repointing of brick work
and parapets
 Electrical Upgrade
 Boiler Burner – Replacement of 50-year old
equipment

Hastings High School



Roof Replacement on the Cochran Gym
Renovation of the High School Auditorium
including Seating, Lighting and Sound Systems,
Flooring, Curtains, Rigging, and Stage
Resurfacing
Interior Ceiling and Wall finishes
Reynolds Field
 Install
a Regulation 400-meter track
 Install a Geo-turf synthetic field
 Install a sidewalk on Chauncey Lane
 Replace bleachers in similar style
 Add 15-foot lights around track – NO
stadium lighting
 Refinish all tennis courts (one being
relocated)
 Relocate playground to grassy area south
of tennis courts
Beginning and End of Season
Upper Burke Field
Bleacher Replacement
What Kind of
Lights?
Maintenance Cost Comparison
Natural
Weekly Mowing and Sweeping
$1,400
General Maintenance, Lining, Set-up,
etc.
$7,800
Aeration 6x Year
$1,270
Natural turf renovation (biennial)
$3,100
Geo-turf
$5,200
Routine Irrigation, Inspection, Repairs
$800
$500
Irrigation water
$6,000
$2,000
$3,500
Infill Replacement Allowance
Total $20,370
$11,200
15-Year Cost Comparison
Grass
Installation Costs
Geo-turf
$520,300
$1,706,100
$26,690
$79,298
5
8
Annualized Cost of Resurface
$36,000
$61,875
Annual Maintenance
$20,370
$11,200
15-Year Annualized Cost
$60,024
$87,702
Annual Depreciation of Install
Expected Life Span
Annual Difference
$27,679
15-Year Cost Comparison
Natural
Installation Costs
Annual Depreciation of
Install
Geo-turf
Sand-Based
$520,300
$1,706,100 $1,100,000
$26,690
$79,298 $53,376
Expected Life Span
5
Annualized Cost of
Resurface
$36,000
$61,875 $36,000
Annual Maintenance
$20,370
$11,200 $45,000
15-Year Annualized
Cost
$60,024
$87,702 $105,884
Annual Difference to
Natural Grass
8
$27,679 $45,772