[Mjhsteam] FW: MSD Facility Bond Information- Election Tuesday April 26th
Verdal, Larry
verdall@sd281.k12.id.us
Sat, 26 Mar 2005 12:12:24 -0800
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Some of you may be receiving this a second time, but we're trying to =
make sure that accurate information about the upcoming bond election is =
circulating. Please highlight April 26 on your calendar and remember to =
vote. Thanks! Larry Verdal
> -----Original Message-----
> From: Celebrezze, Bob=20
> Sent: Wednesday, March 23, 2005 8:43 AM
> To: 'mhsparents@moscow.com'
> Subject: MSD Facility Bond Information- Election Tuesday April 26th
>=20
> Fact Sheet 1
>=20
> Moscow School District
> Facilities Bond
>=20
>=20
> What Will $29 Million Buy?
>=20
> Four Facilities Projects:
>=20
> Project 1. Construct New High School on site up to 40 acres, =
Grades 9-12
> Project 2. Remodel Russell Elementary, Grades K-5, two classes of =
each grade
> Project 3. Remodel West Park Elementary, Grades K-5, two classes =
of each grade with
> core for three classes of each grade
> Project 4. Remodel Moscow High School for Re-Use Plan
>=20
>=20
>=20
> Project 1. Construct New High School on site up to 40 acres, =
Grades 9-12, $20 Million=20
> * Classrooms for all content and curricular areas including drama, =
music, art, science labs PE, special education, and professional =
technical education
> * Support spaces for offices, counseling, career center, nurse, =
information technology, storage, etc.
> * Joint-use spaces (core) for media center/library with computer =
lab, multi-media production, social center/cafeteria, commons, gymnasium
> * Site components
> Bus loop & drop off, parent loop & drop off, parking, outdoor =
student gathering & teaching areas, PE and athletic fields, sidewalks & =
bike paths
>=20
>=20
>=20
> Project 2. Remodel Russell School, Grades K-5, two classes of each =
grade, $4 Million
> * Classrooms: two enlarged kindergarten classrooms with restrooms, =
ten enlarged 1st through 5th grade classrooms, restrooms, special =
education room, music room, media center/library, computer lab
> * Support spaces - offices remodeled including reception, offices, =
nurse, workroom/break room, copy center, restrooms, general storage, =
etc.
> * Joint-use spaces - remodels of cafeteria, gym, kitchen, two =
smaller rooms for Title I, ESL, Speech, GT
> * Site improvements
> Outdoor student gathering & teaching areas, some reduction of =
asphalt (new play or grass area), removal of portable classroom building
> * Characterizations of the remodel - additional space added, =
building improvements include fire sprinkler & alarm, life safety, =
elevator and new stair tower, full ADA accessibility, seismic upgrades, =
HVAC, lighting, power upgrades, and, each class will have sinks, ample =
power & data for computer stations, new cabinets & bookcases, air =
conditioning
>=20
>=20
> Fact Sheet 1
> Page 2
>=20
> Project 3. Remodel West Park, Grades K-5, two classes of each grade, =
$4.6 Million
> * Classrooms: two enlarged kindergarten classrooms with restrooms, =
ten enlarged 1st through 5th grade classrooms, restrooms, special =
education room, music room, media center/library, computer lab
> * Core components to accommodate three classes per grade (for =
possible future expansion)
> * Support spaces - offices remodeled including reception, offices, =
nurse, workroom/break room, copy center, restrooms, general storage, =
etc.
> * Joint-use spaces - remodel of cafeteria, gym, kitchen, three =
smaller rooms for Title I, English as a Second Language (ESL), Speech, =
Gifted/Talented (GT)
> * Site improvements (provided additional land can be secured)
> Bus drop-off area, parent drop-off area, faculty, visitor, and ADA =
parking, outdoor student gathering and teaching areas, increased area =
for play grounds and fields, removal of portable classroom buildings
> * Characterizations of the remodel - modernization of all existing =
spaces, fire sprinkler & alarm, life safety, full ADA accessibility, =
HVAC, lighting, power upgrades, each class will have sinks, ample power =
& data for computer stations, new cabinets & bookcases >=20
>=20
>=20
> Project 4. Remodel Moscow High School for Re-Use, $400,000
> * Minor remodeling - classrooms
> * Restroom ADA remodel
> * Remove 1968 annex
> * Landscaping of courtyard
> * Paving and parking added 80-100
>=20
>=20
> Sequence of Projects:
>=20
> 2005-06 Design phase for New High School, staff & public input =
solicited
>=20
> 2006-07 New High School Construction
>=20
> 2007-08 New High School Construction
> Design phase for Russell & West Park, staff & public input =
solicited
>=20
> 2008-09 Moscow High School moves to New High School, 9th graders =
join
> 6th graders join 7th & 8th graders at Moscow Junior High School
> Russell and West Park Elementaries move into old MHS after some =
re-use remodeling
> Russell and West Park buildings remodeled
>=20
> Fall 2009 Russell and West Park Elementaries return to their fully =
remodeled buildings
> 1968 Annex removed from old MHS
> Paving, parking, landscaping added to old MHS
> Paradise Creek Regional High School moves to old MHS
> * County Commissioners may lease 1991 Annex of old MHS=20
>=20
> * May occur one year earlier, TBD =
=
3-8-05
>=20
> Fact Sheet 2
>=20
> HOW THE MOSCOW SCHOOL DISTRICT =09
> FACILITIES BOND WILL INCREASE TAXES =09
> =09
> Tax increase on $29M Bond =09
> $1.26 per $1,000 of taxable assessed value =09
> =09
> Assumptions: =09
> > ?> Based on 20 year bond repayment =09
> > ?> Based on current interest rate of 4.09% plus .5% interest rate =
cushion =09
> > ?> Tax impact based on taxable assessed value of property -- =
assumes homeowner's =09
> exemption has been deducted from the full market value =09
> > ?> FY 2005 bond levy rate is $.96 per $1,000 of taxable assessed =
value =09
> > ?> The district will receive 10% of the interest cost of the bond =
from the State through =09
> the Bond Levy Equalization Program =09
> =09
> Less Home Taxable =09
> Owners Assessed Increased Monthly =09
> Assessed value of: Exemption* Value Annual Cost Cost =09
> =09
> $150,000 $50,000 $100,000 $126 $10.50 =09
> $200,000 $50,000 $150,000 $189 $15.75 =09
> $250,000 $50,000 $200,000 $252 $21.00 =09
> $300,000 $50,000 $250,000 $315 $26.25 =09
> $350,000 $50,000 $300,000 $378 $31.50 =09
> $400,000 $50,000 $350,000 $441 $36.75 =09
> =09
> =09
> =09
> To calculate the taxable value of residential property, a homeowner =
should apply their applicable=09
> homeowner's (50-50) exemption. Start by separating the lot value from =
the home value: =09
> =09
> Example for Illustration - Total Property Value of $150,000 (see =
reverse page) =09
> =09
> Description Amount =09
> =09
> Lot Value 33,250 =09
> =09
> Plus: Home Value 125,474 + =09
> =09
> Less: 50-50 Exemption (1) 50,000 - =09
> =09
> Equals: Taxable Assessed Value 108,724 =3D =09
> =09
> =09
> (1) The 50-50 exemption allows an exemption of $50,000 on the home =
value or 50% of the home value =09
> whichever is less =09
> =09
>=20
>=20
>=20
>=20
>=20
> Fact Sheet 2, Page 2
> SAMPLE
>=20
> CHECK PAYABLE TO: 2004 TAX BILL/RECEIPT PARCEL =
NUMBER
> LATAH COUNTY TAX COLLECTOR RPM0000000000
> PO BOX 8068 BILL# 11111 L - Lot Value 33,250 =
MOSCOW ID 83843 I - Home Value 125,474 =
=20
> 208-883-2296
> 1ST HALF DUE 2ND HALF DUE FULL DUE TOT MV =
158,724
> .00 TAX 1,154.43 TAX 1,154.43 HM Exemption =
50,000 =20
> LATE LATE
> INT INT NET MV =
108,724
> COST COST
> TOT TOT TOT LTS>=20
>=20
> TAXING DISTRICT RATE AMOUNT
> COUNTY .004323055 470.02
> LIBRARY .000561747 61.08
> MOSCOW .004570161 496.88
> SCH DIST 281 .010280759 1,117.76
> N LATAH HWY .001327253 144.30
> MOSCOW CEM .000173174 18.82
> SE MOS WR/SW .000000000
> DISTRICT TOTAL.021236149 2,308.86
> PAYMENT(S) 1,154.43
> AMOUNT DUE 1,154.43
> =20
> 108,724 X .00126 =3D $136.99 Total Annual Tax Increase
>=20
> Latah County School District No. 281 (Moscow)
> TAX IMPACT ANALYSIS
>=20
> Authorization Size: $29,000,000
> Issue Structure: Stepped Level Tax Rate (Spring Election)
>=20
> Estimated 2006 Tax Rate Increase over 2005 Tax Rate (Bonds Only) =
(per $1,000 assessed value): $1.26=09
> Net Tax Increase from
> Bonds After Allowing for
> Income Tax Deduction
> Taxable
> Assessed Gross Property Monthly
> Value of Tax Increase Gross =
--------------Federal Income Tax Bracket----------------- =20
> Property for Bonds Increase =
25% 28% 33% 35%
> $100,000 $126.00 $10.50 $94.50 $90.72 $84.42 =
$81.90=09
> 150,000 $189.00 $15.75 $141.75 $136.08 $126.63 $122.85=09
> 200,000 $252.00 $21.00 $189.00 $181.44 $168.84 $163.80=09
> 250,000 $315.00 $26.25 $236.25 $226.80 $211.05 $204.75=09
> 300,000 $378.00 $31.50 $283.50 $272.16 $253.26 $245.70=09
> NOTE: Tax impact based on Taxable Assessed Value (TAV) of Property - =
assumes homeowner> '> s exemption
> has already been subtracted from Full Market Value.
>=20
> Prepared by Seattle-Northwest Securities
>=20
>=20
> Bob Celebrezze
> Principal
> Moscow High School
>=20
The information in this electronic mail is intended for the addressee =
only. It may contain privileged and/or confidential matter. If you =
have received this electronic mail in error, please notify the sender =
immediately. Then delete it and any copies from your system. Do not =
disclose the contents to anyone. Thank you!
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<UL><UL><UL>
<P><FONT COLOR=3D"#0000FF" FACE=3D"Comic Sans MS">Some of you may be =
receiving this a second time, but we're trying to make sure that =
accurate information about the upcoming bond election is =
circulating. Please highlight April 26 on your calendar and =
remember to vote. =
Thanks! Larry Verdal</FONT></P>
<BR>
<P><FONT SIZE=3D1 FACE=3D"Arial">-----Original Message-----</FONT>
<BR><B><FONT SIZE=3D1 FACE=3D"Arial">From: </FONT></B> <FONT =
SIZE=3D1 FACE=3D"Arial">Celebrezze, Bob </FONT>
<BR><B><FONT SIZE=3D1 FACE=3D"Arial">Sent: </FONT></B> <FONT =
SIZE=3D1 FACE=3D"Arial">Wednesday, March 23, 2005 8:43 AM</FONT>
<BR><B><FONT SIZE=3D1 =
FACE=3D"Arial">To: </FONT></B> <FONT SIZE=3D1 =
FACE=3D"Arial">'mhsparents@moscow.com'</FONT>
<BR><B><FONT SIZE=3D1 =
FACE=3D"Arial">Subject: </FONT><=
/B> <FONT SIZE=3D1 FACE=3D"Arial"> MSD Facility Bond Information- =
Election Tuesday April 26th</FONT>
</P>
<P ALIGN=3DRIGHT><FONT SIZE=3D2 FACE=3D"Times New Roman">Fact Sheet =
1</FONT></P>
<P ALIGN=3DCENTER><B><FONT SIZE=3D2 FACE=3D"Times New Roman">Moscow =
School District</FONT></B></P>
<P ALIGN=3DCENTER><B><FONT SIZE=3D2 FACE=3D"Times New Roman">Facilities =
Bond</FONT></B></P>
<BR>
<P ALIGN=3DJUSTIFY><B><U><FONT SIZE=3D2 FACE=3D"Times New Roman">What =
Will $29 Million Buy</FONT></U><FONT SIZE=3D2 FACE=3D"Times New =
Roman">?</FONT></B></P>
<P ALIGN=3DJUSTIFY><B><FONT SIZE=3D2 FACE=3D"Times New Roman">Four =
Facilities Projects:</FONT></B></P>
<P ALIGN=3DJUSTIFY><B><FONT SIZE=3D2 FACE=3D"Times New Roman">Project =
1. Construct New High School on site up to 40 =
acres, Grades 9-12</FONT></B></P>
<P ALIGN=3DJUSTIFY><B><FONT SIZE=3D2 FACE=3D"Times New Roman">Project =
2. Remodel Russell Elementary, Grades K-5, two =
classes of each grade</FONT></B></P>
<P ALIGN=3DJUSTIFY><B><FONT SIZE=3D2 FACE=3D"Times New Roman">Project =
3. Remodel West Park Elementary, Grades K-5, =
two classes of each grade with</FONT></B></P>
<P ALIGN=3DJUSTIFY><B> <FONT =
SIZE=3D2 FACE=3D"Times New Roman">core for three classes of each =
grade</FONT></B></P>
<P ALIGN=3DJUSTIFY><B><FONT SIZE=3D2 FACE=3D"Times New Roman">Project =
4. Remodel Moscow High School for Re-Use =
Plan</FONT></B></P>
<BR>
<BR>
<P><B><U><FONT SIZE=3D2 FACE=3D"Times New Roman">Project =
1</FONT></U><FONT SIZE=3D2 FACE=3D"Times New Roman">.</FONT></B><FONT =
SIZE=3D2 FACE=3D"Times New Roman"> </FONT><B> =
<FONT SIZE=3D2 FACE=3D"Times New Roman">Construct New High School on =
site up to 40 acres, Grades 9-12, $20 Million </FONT></B>
<UL><UL>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Symbol">·<FONT =
FACE=3D"Courier =
New"> </FONT></FONT><U></U><U> <FONT =
SIZE=3D2 FACE=3D"Times New Roman">Classrooms</FONT></U><FONT SIZE=3D2 =
FACE=3D"Times New Roman"> for all content and curricular areas including =
drama, music, art, science labs PE, special education, and professional =
technical education</FONT></P>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Symbol">·<FONT =
FACE=3D"Courier =
New"> </FONT></FONT><U></U><U> <FONT =
SIZE=3D2 FACE=3D"Times New Roman">Support spaces</FONT></U><FONT =
SIZE=3D2 FACE=3D"Times New Roman"> for offices, counseling, career =
center, nurse, information technology, storage, etc.</FONT></P>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Symbol">·<FONT =
FACE=3D"Courier =
New"> </FONT></FONT><U></U><U> <FONT =
SIZE=3D2 FACE=3D"Times New Roman">Joint-use spaces</FONT></U><FONT =
SIZE=3D2 FACE=3D"Times New Roman"> (core) for media center/library with =
computer lab, multi-media</FONT><B><I><FONT SIZE=3D2 FACE=3D"Times New =
Roman"></FONT></I></B><I></I> <FONT SIZE=3D2 FACE=3D"Times New =
Roman">production, social center/cafeteria, commons, =
gymnasium</FONT></P>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Symbol">·<FONT =
FACE=3D"Courier =
New"> </FONT></FONT><U></U><U> <FONT =
SIZE=3D2 FACE=3D"Times New Roman">Site components</FONT></U></P>
<UL>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Times New Roman">Bus loop =
& drop off, parent loop & drop off, parking, outdoor student =
gathering & teaching areas, PE and athletic fields, sidewalks & =
bike paths</FONT></P>
<BR>
<BR>
</UL></UL></UL>
<P ALIGN=3DJUSTIFY><U><B><FONT SIZE=3D2 FACE=3D"Times New Roman">Project =
2</FONT></B></U><B><FONT SIZE=3D2 FACE=3D"Times New =
Roman">. Remodel Russell School, Grades =
K-5, two classes of each grade, $4 Million</FONT></B></P>
<UL><UL>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Symbol">·<FONT =
FACE=3D"Courier =
New"> </FONT></FONT><U></U><U> <FONT =
SIZE=3D2 FACE=3D"Times New Roman">Classrooms</FONT></U><FONT SIZE=3D2 =
FACE=3D"Times New Roman">: two enlarged kindergarten classrooms with =
restrooms, ten enlarged 1<SUP>st</SUP> through =
5<SUP>th</SUP></FONT><B><FONT SIZE=3D2 FACE=3D"Times New =
Roman"></FONT></B> <FONT SIZE=3D2 FACE=3D"Times New Roman">grade =
classrooms, restrooms, special education room, music room, media =
center/library, computer lab</FONT><B></B></P>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Symbol">·<FONT =
FACE=3D"Courier =
New"> </FONT></FONT><U></U><U> <FONT =
SIZE=3D2 FACE=3D"Times New Roman">Support spaces</FONT></U><FONT =
SIZE=3D2 FACE=3D"Times New Roman"> - offices remodeled including =
reception, offices, nurse, workroom/break room, copy center, restrooms, =
general storage, etc</FONT><B><FONT SIZE=3D2 FACE=3D"Times New =
Roman">.</FONT></B></P>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Symbol">·<FONT =
FACE=3D"Courier =
New"> </FONT></FONT><U></U><U> <FONT =
SIZE=3D2 FACE=3D"Times New Roman">Joint-use spaces</FONT></U><FONT =
SIZE=3D2 FACE=3D"Times New Roman"> - remodels of cafeteria, gym, =
kitchen, two smaller rooms for Title I, ESL, Speech, =
GT</FONT><B></B></P>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Symbol">·<FONT =
FACE=3D"Courier =
New"> </FONT></FONT><U></U><U> <FONT =
SIZE=3D2 FACE=3D"Times New Roman">Site =
improvements</FONT></U><B></B></P>
<UL>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Times New Roman">Outdoor =
student gathering & teaching areas, some reduction of asphalt (new =
play or grass area), removal of portable classroom building</FONT></P>
</UL>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Symbol">·<FONT =
FACE=3D"Courier =
New"> </FONT></FONT><U></U><U> <FONT =
SIZE=3D2 FACE=3D"Times New Roman">Characterizations of the =
remodel</FONT></U><FONT SIZE=3D2 FACE=3D"Times New Roman"> - additional =
space added, building improvements include fire sprinkler & alarm, =
life safety, elevator and new stair tower, full ADA accessibility, =
seismic upgrades, HVAC, lighting, power upgrades, and, each class will =
have sinks, ample power & data for computer stations, new cabinets =
& bookcases, air conditioning</FONT><B></B></P>
<BR>
</UL></UL>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Times New Roman">Fact Sheet =
1</FONT></P>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Times New Roman">Page =
2</FONT></P>
<P ALIGN=3DJUSTIFY><U><B><FONT SIZE=3D2 FACE=3D"Times New Roman">Project =
3</FONT></B></U><B><FONT SIZE=3D2 FACE=3D"Times New =
Roman">. Remodel West Park, Grades K-5, =
two classes of each grade, $4.6 Million</FONT></B></P>
<UL><UL>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Symbol">·<FONT =
FACE=3D"Courier =
New"> </FONT></FONT><U></U><U> <FONT =
SIZE=3D2 FACE=3D"Times New Roman">Classrooms</FONT></U><FONT SIZE=3D2 =
FACE=3D"Times New Roman">: two enlarged kindergarten classrooms with =
restrooms, ten enlarged 1<SUP>st</SUP> through 5<SUP>th</SUP> grade =
classrooms, restrooms, special education room, music room, media =
center/library, computer lab</FONT></P>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Symbol">·<FONT =
FACE=3D"Courier =
New"> </FONT></FONT><U></U><U> <FONT =
SIZE=3D2 FACE=3D"Times New Roman">Core components</FONT></U><FONT =
SIZE=3D2 FACE=3D"Times New Roman"> to accommodate three classes per =
grade (for possible future expansion)</FONT></P>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Symbol">·<FONT =
FACE=3D"Courier =
New"> </FONT></FONT><U></U><U> <FONT =
SIZE=3D2 FACE=3D"Times New Roman">Support spaces</FONT></U><FONT =
SIZE=3D2 FACE=3D"Times New Roman"> - offices remodeled including =
reception, offices, nurse, workroom/break room, copy center, restrooms, =
general storage, etc.</FONT></P>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Symbol">·<FONT =
FACE=3D"Courier =
New"> </FONT></FONT><U></U><U> <FONT =
SIZE=3D2 FACE=3D"Times New Roman">Joint-use spaces</FONT></U><FONT =
SIZE=3D2 FACE=3D"Times New Roman"> - remodel of cafeteria, gym, kitchen, =
three smaller rooms for Title I, English as a Second Language (ESL), =
Speech, Gifted/Talented (GT)</FONT></P>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Symbol">·<FONT =
FACE=3D"Courier =
New"> </FONT></FONT><U></U><U> <FONT =
SIZE=3D2 FACE=3D"Times New Roman">Site improvements</FONT></U><FONT =
SIZE=3D2 FACE=3D"Times New Roman"> (provided additional land can be =
secured)</FONT></P>
<UL>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Times New Roman">Bus drop-off =
area, parent drop-off area, faculty, visitor, and ADA parking, outdoor =
student gathering and teaching areas, increased area for play grounds =
and fields, removal of portable classroom buildings</FONT></P>
</UL>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Symbol">·<FONT =
FACE=3D"Courier =
New"> </FONT></FONT><U></U><U> <FONT =
SIZE=3D2 FACE=3D"Times New Roman">Characterizations of the =
remodel</FONT></U><FONT SIZE=3D2 FACE=3D"Times New Roman"> - =
modernization of all existing spaces, fire sprinkler & alarm, life =
safety, full ADA accessibility, HVAC, lighting, power upgrades, each =
class will have sinks, ample power & data for computer stations, new =
cabinets & bookcases </FONT></P>
<BR>
</UL></UL>
<P ALIGN=3DJUSTIFY><U><B><FONT SIZE=3D2 FACE=3D"Times New Roman">Project =
4</FONT></B></U><B><FONT SIZE=3D2 FACE=3D"Times New =
Roman">. Remodel Moscow High School for =
Re-Use, $400,000</FONT></B></P>
<UL><UL>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Symbol">·<FONT =
FACE=3D"Courier New"> </FONT></FONT> =
<FONT SIZE=3D2 FACE=3D"Times New Roman">Minor remodeling - =
classrooms</FONT></P>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Symbol">·<FONT =
FACE=3D"Courier New"> </FONT></FONT> =
<FONT SIZE=3D2 FACE=3D"Times New Roman">Restroom ADA remodel</FONT></P>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Symbol">·<FONT =
FACE=3D"Courier New"> </FONT></FONT> =
<FONT SIZE=3D2 FACE=3D"Times New Roman">Remove 1968 annex</FONT></P>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Symbol">·<FONT =
FACE=3D"Courier New"> </FONT></FONT> =
<FONT SIZE=3D2 FACE=3D"Times New Roman">Landscaping of =
courtyard</FONT></P>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Symbol">·<FONT =
FACE=3D"Courier New"> </FONT></FONT> =
<FONT SIZE=3D2 FACE=3D"Times New Roman">Paving and parking added =
80-100</FONT></P>
<BR>
</UL></UL>
<P ALIGN=3DJUSTIFY><U><B><FONT SIZE=3D2 FACE=3D"Times New =
Roman">Sequence of Projects</FONT></B></U><B><FONT SIZE=3D2 =
FACE=3D"Times New Roman">:</FONT></B></P>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Times New Roman">2005-06 =
Design phase for New High School, staff & public input =
solicited</FONT></P>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Times New Roman">2006-07 New =
High School Construction</FONT></P>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Times New Roman">2007-08 New =
High School Construction</FONT></P>
<UL><UL><UL>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Times New Roman">Design phase =
for Russell & West Park, staff & public input =
solicited</FONT></P>
</UL></UL></UL>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Times New Roman">2008-09 =
Moscow High School moves to New High School, 9<SUP>th</SUP> graders =
join</FONT></P>
<UL><UL><UL>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Times New =
Roman">6<SUP>th</SUP> graders join 7<SUP>th</SUP> & 8<SUP>th</SUP> =
graders at Moscow Junior High School</FONT></P>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Times New Roman">Russell and =
West Park Elementaries move into old MHS after some re-use =
remodeling</FONT></P>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Times New Roman">Russell and =
West Park buildings remodeled</FONT></P>
</UL></UL></UL>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Times New Roman">Fall =
2009 Russell and West Park =
Elementaries return to their fully remodeled buildings</FONT></P>
<P ALIGN=3DJUSTIFY> <FONT =
SIZE=3D2 FACE=3D"Times New Roman">1968 Annex removed from old =
MHS</FONT></P>
<P ALIGN=3DJUSTIFY> <FONT =
SIZE=3D2 FACE=3D"Times New Roman">Paving, parking, landscaping added to =
old MHS</FONT></P>
<UL><UL><UL>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Times New Roman">Paradise =
Creek Regional High School moves to old MHS</FONT></P>
</UL></UL></UL></UL>
<P ALIGN=3DJUSTIFY> <FONT =
SIZE=3D2 FACE=3D"Times New Roman">* =
County Commissioners may lease 1991 Annex of old MHS </FONT></P>
<P ALIGN=3DJUSTIFY><FONT SIZE=3D2 FACE=3D"Times New Roman">* May occur =
one year earlier, =
TBD &nbs=
p;  =
; =
&=
nbsp; &n=
bsp; &nb=
sp; &nbs=
p;  =
; 3-8-05</FONT></P>
<UL>
<P ALIGN=3DRIGHT><FONT SIZE=3D2 FACE=3D"Times New Roman">Fact Sheet =
2</FONT></P>
</UL></UL></UL>
<P> =
<B> <FONT SIZE=3D2 =
FACE=3D"Arial">HOW THE MOSCOW SCHOOL DISTRICT </FONT></B> =
=
<BR>
=
<B> <FONT SIZE=3D2 =
FACE=3D"Arial">FACILITIES BOND WILL INCREASE =
TAXES </FONT></B> =
=
<BR>
=
=
=
=
=
=
=
<BR>
<FONT SIZE=3D2 FACE=3D"Arial">Tax increase on $29M =
Bond =
=
=
=
=
=
</FONT><BR>
<FONT SIZE=3D2 FACE=3D"Arial">$1.26 per $1,000 of taxable assessed =
value =
=
=
=
=
</FONT><BR>
=
=
=
=
=
=
=
<BR>
<FONT SIZE=3D2 FACE=3D"Arial">Assumptions: =
=
=
=
=
=
=
</FONT><BR>
<FONT SIZE=3D2 FACE=3D"Arial"> ● Based on 20 year bond =
repayment =
=
=
=
=
</FONT><BR>
<FONT SIZE=3D2 FACE=3D"Arial"> ● Based on current interest =
rate of 4.09% plus .5% interest rate =
cushion =
=
</FONT><BR>
<FONT SIZE=3D2 FACE=3D"Arial"> ● Tax impact based on taxable =
assessed value of property -- assumes =
homeowner's =
</FONT><BR>
<FONT SIZE=3D2 =
FACE=3D"Arial"> =
exemption has been deducted from the full market value =
=
=
</FONT><BR>
<FONT SIZE=3D2 FACE=3D"Arial"> ● FY 2005 bond levy rate is =
$.96 per $1,000 of taxable assessed value =
=
</FONT><BR>
<FONT SIZE=3D2 FACE=3D"Arial"> ● The district will receive =
10% of the interest cost of the bond from the State =
through =
</FONT><BR>
<FONT SIZE=3D2 =
FACE=3D"Arial"> the Bond =
Levy Equalization Program =
=
=
=
=
</FONT><BR>
=
=
=
=
=
=
=
<BR>
=
<FONT SIZE=3D2 =
FACE=3D"Arial">Less Home =
Taxable =
=
=
</FONT><BR>
<FONT SIZE=3D2 FACE=3D"Arial"> =
Owners =
=
Assessed =
Increased Monthly =
</FONT><BR>
<FONT SIZE=3D2 FACE=3D"Arial">Assessed value =
of: =
=
Exemption* =
Value Annual Cost =
Cost =
</FONT><BR>
=
=
=
=
=
=
=
<BR>
<FONT SIZE=3D2 FACE=3D"Arial">$150,000 =
=
$50,000 =
=
$100,000 $126 =
$10.50 </FONT><BR>
<FONT SIZE=3D2 FACE=3D"Arial">$200,000 =
=
$50,000 =
=
$150,000 $189 =
$15.75 </FONT><BR>
<FONT SIZE=3D2 FACE=3D"Arial">$250,000 =
=
$50,000 =
=
$200,000 $252 =
$21.00 </FONT><BR>
<FONT SIZE=3D2 FACE=3D"Arial">$300,000 =
=
$50,000 =
=
$250,000 $315 =
$26.25 </FONT><BR>
<FONT SIZE=3D2 FACE=3D"Arial">$350,000 =
=
$50,000 =
=
$300,000 $378 =
$31.50 </FONT><BR>
<FONT SIZE=3D2 FACE=3D"Arial">$400,000 =
=
$50,000 =
=
$350,000 $441 =
$36.75 </FONT><BR>
=
=
=
=
=
=
=
<BR>
=
=
=
=
=
=
=
<BR>
=
=
=
=
=
=
=
<BR>
<FONT SIZE=3D2 FACE=3D"Arial">To calculate the taxable value of =
residential property, a homeowner should apply their =
applicable </FONT><BR>
<FONT SIZE=3D2 FACE=3D"Arial">homeowner's (50-50) exemption. Start =
by separating the lot value from the home value: =
</FONT><BR>
=
=
=
=
=
=
=
<BR>
<B></B><B><FONT SIZE=3D2 FACE=3D"Arial">Example for Illustration - Total =
Property Value of $150,000 (see reverse page) </FONT></B> =
<BR>
=
=
=
=
=
=
=
<BR>
=
<FONT SIZE=3D2 =
FACE=3D"Arial">Description =
=
Amount =
=
</FONT><BR>
=
=
=
=
=
=
=
<BR>
=
<FONT SIZE=3D2 =
FACE=3D"Arial">Lot Value =
=
33,250 =
=
</FONT><BR>
=
=
=
=
=
=
=
<BR>
<B></B><B><FONT SIZE=3D2 FACE=3D"Arial">Plus: </FONT></B> =
<FONT SIZE=3D2 =
FACE=3D"Arial">Home Value =
=
125,474 =
+ =
</FONT><BR>
=
=
=
=
=
=
=
<BR>
<B></B><B><FONT SIZE=3D2 FACE=3D"Arial">Less: </FONT></B> =
<FONT SIZE=3D2 =
FACE=3D"Arial">50-50 Exemption (1) 50,000 =
- =
</FONT><BR>
=
=
=
=
=
=
=
<BR>
<B></B><B><FONT SIZE=3D2 FACE=3D"Arial">Equals:</FONT></B> =
<FONT SIZE=3D2 =
FACE=3D"Arial">Taxable Assessed Value 108,724 =
=3D =
</FONT><BR>
=
=
=
=
=
=
=
<BR>
=
=
=
=
=
=
=
<BR>
<FONT SIZE=3D2 FACE=3D"Arial">(1) The 50-50 exemption allows an =
exemption of $50,000 on the home value or 50% of the</FONT><B> <FONT =
SIZE=3D2 FACE=3D"Arial">home value</FONT></B><FONT SIZE=3D2 =
FACE=3D"Arial"> </FONT><BR>
<FONT SIZE=3D2 FACE=3D"Arial">whichever is</FONT><B> <FONT SIZE=3D2 =
FACE=3D"Arial">less</FONT></B> =
=
=
=
=
=
=
<BR>
=
=
=
=
=
=
=
<BR>
</P>
<BR>
<BR>
<BR>
<UL><UL><UL>
<P><FONT SIZE=3D2 FACE=3D"Times New Roman">Fact Sheet 2, Page 2</FONT>
<P ALIGN=3DCENTER><B><FONT SIZE=3D2 FACE=3D"Times New =
Roman">SAMPLE</FONT></B></P>
<P><FONT SIZE=3D2 FACE=3D"Courier">CHECK PAYABLE =
TO: 2004 TAX =
BILL/RECEIPT =
PARCEL NUMBER</FONT>
<BR><FONT SIZE=3D2 FACE=3D"Courier">LATAH COUNTY TAX =
COLLECTOR =
=
=
=
=
RPM0000000000</FONT>
<BR><FONT SIZE=3D2 FACE=3D"Courier">PO BOX 8068 =
BILL# =
11111 &n=
bsp; L -</FONT><B> <FONT SIZE=3D2 FACE=3D"Courier">Lot =
Value</FONT></B><FONT SIZE=3D2 FACE=3D"Courier"> =
33,250 MOSCOW ID =
83843 &n=
bsp; &nb=
sp; I -</FONT><B> <FONT =
SIZE=3D2 FACE=3D"Courier">Home Value</FONT></B><FONT SIZE=3D2 =
FACE=3D"Courier"> =
125,474 =
</FONT></P>
<P><FONT SIZE=3D2 FACE=3D"Courier">208-883-2296</FONT>
<BR><FONT SIZE=3D2 FACE=3D"Courier">1ST HALF DUE 2ND HALF =
DUE FULL DUE =
TOT MV 158,724</FONT>
<BR><FONT SIZE=3D2 =
FACE=3D"Courier"> =
.00 TAX 1,154.43 TAX =
1,154.43 HM</FONT><B> <FONT SIZE=3D2 =
FACE=3D"Courier">Exemption</FONT></B><FONT SIZE=3D2 =
FACE=3D"Courier"> 50,000 </FONT>
<BR><FONT SIZE=3D2 =
FACE=3D"Courier"> &n=
bsp; =
LATE =
LATE</FONT>
<BR><FONT SIZE=3D2 =
FACE=3D"Courier"> &n=
bsp; =
INT &nbs=
p; =
INT &nbs=
p; </FONT><B> <FONT SIZE=3D2 FACE=3D"Courier">NET =
MV 108,724</FONT></B>
<BR><FONT SIZE=3D2 =
FACE=3D"Courier"> &n=
bsp; =
COST =
COST</FONT>
<BR><FONT SIZE=3D2 =
FACE=3D"Courier"> &n=
bsp; =
TOT &nbs=
p; =
TOT &nbs=
p; TOT LTS</FONT>
</P>
<P> =
=
=
=
=
=
<FONT SIZE=3D2 =
FACE=3D"Courier">TAXING DISTRICT =
RATE AMOUNT</FONT>
<BR> =
=
=
=
=
=
<FONT SIZE=3D2 =
FACE=3D"Courier">COUNTY =
.004323055 470.02</FONT>
<BR> =
=
=
=
=
=
<FONT SIZE=3D2 =
FACE=3D"Courier">LIBRARY =
.000561747 61.08</FONT>
<BR> =
=
=
=
=
=
<FONT SIZE=3D2 =
FACE=3D"Courier">MOSCOW =
.004570161 496.88</FONT>
<BR> =
=
=
=
=
=
<FONT SIZE=3D2 =
FACE=3D"Courier">SCH DIST 281 .010280759 1,117.76</FONT>
<BR> =
=
=
=
=
=
<FONT SIZE=3D2 =
FACE=3D"Courier">N LATAH HWY .001327253 =
144.30</FONT>
<BR> =
=
=
=
=
=
<FONT SIZE=3D2 =
FACE=3D"Courier">MOSCOW CEM =
.000173174 18.82</FONT>
<BR> =
=
=
=
=
=
<FONT SIZE=3D2 =
FACE=3D"Courier">SE MOS WR/SW .000000000</FONT>
<BR> =
=
=
=
=
=
<FONT SIZE=3D2 =
FACE=3D"Courier">DISTRICT TOTAL.021236149 2,308.86</FONT>
<BR> =
=
=
=
=
=
<FONT SIZE=3D2 =
FACE=3D"Courier"> =
PAYMENT(S) &nb=
sp; 1,154.43</FONT>
<BR> =
=
=
=
=
=
<FONT SIZE=3D2 =
FACE=3D"Courier">AMOUNT =
DUE &nbs=
p; 1,154.43</FONT>
<BR><FONT SIZE=3D2 FACE=3D"Courier"> </FONT>
<BR><U><B><FONT SIZE=3D2 FACE=3D"Times New =
Roman">108,724</FONT></B></U><B><FONT SIZE=3D2 FACE=3D"Times New Roman"> =
X .00126 =3D $</FONT><U><FONT SIZE=3D2 FACE=3D"Times New =
Roman">136.99</FONT></U><FONT SIZE=3D2 FACE=3D"Times New Roman"> =
Total Annual Tax Increase</FONT></B>
</P>
<P ALIGN=3DCENTER><B><FONT SIZE=3D2 FACE=3D"Times New Roman">Latah =
County School District No. 281 (Moscow)</FONT></B></P>
<P ALIGN=3DCENTER><B><FONT SIZE=3D2 FACE=3D"Times New Roman">TAX IMPACT =
ANALYSIS</FONT></B></P>
<P><B> <FONT SIZE=3D2 =
FACE=3D"Times New Roman">Authorization Size: =
$29,000,000</FONT></B>
<BR><B> =
<FONT SIZE=3D2 FACE=3D"Times =
New Roman">Issue Structure: Stepped Level Tax Rate (Spring =
Election)</FONT></B>
</P>
</UL></UL></UL>
<P><B><FONT SIZE=3D2 FACE=3D"Times New Roman">Estimated 2006 Tax Rate =
Increase over 2005 Tax Rate (Bonds Only) (per $1,000 =
assessed value): =
$1.26 <BR>
=
=
=
=
=
=
=
=
Net Tax Increase =
from</FONT></B>
<BR><B> =
=
=
=
=
=
=
=
<FONT SIZE=3D2 FACE=3D"Times =
New Roman">Bonds After Allowing for</FONT></B>
<BR><B> =
=
=
=
=
=
=
=
<FONT SIZE=3D2 FACE=3D"Times =
New Roman">Income Tax Deduction</FONT></B>
<UL><UL><UL>
<P><FONT SIZE=3D2 FACE=3D"Times New Roman">Taxable</FONT>
<BR><FONT SIZE=3D2 FACE=3D"Times New =
Roman">Assessed =
Gross Property Monthly</FONT>
<BR><FONT SIZE=3D2 FACE=3D"Times New Roman">Value =
of Tax =
Increase  =
; =
Gross &n=
bsp; --------------Federal Income =
Tax =
Bracket----------------- =
</FONT></P>
<P><FONT SIZE=3D2 FACE=3D"Times New =
Roman">Property &nbs=
p; for =
Bonds =
Increase  =
; =
25% &nbs=
p; =
28% &nbs=
p; =
33% &nbs=
p; 35%</FONT></P>
</UL></UL></UL>
<P><FONT SIZE=3D2 FACE=3D"Times New =
Roman">$100,000 $126.00 =
$10.50 $94.50 =
$90.72 =
$84.42 =
$81.90 <BR>
150,000 $189.00 $15.75 =
$141.75 $136.08 $126.63 $122.85<BR>
200,000 $252.00 $21.00 =
$189.00 $181.44 $168.84 $163.80<BR>
250,000 $315.00 $26.25 =
$236.25 $226.80 $211.05 $204.75<BR>
300,000 $378.00 $31.50 =
$283.50 $272.16 $253.26 $245.70<BR>
</FONT><I><FONT SIZE=3D2 FACE=3D"Times New Roman">NOTE:</FONT></I><FONT =
SIZE=3D2 FACE=3D"Times New Roman"> Tax impact based on Taxable Assessed =
Value (TAV) of Property - assumes homeowner’s exemption</FONT>
<BR><FONT SIZE=3D2 FACE=3D"Times New =
Roman"> =
has already been subtracted from Full Market Value.</FONT>
</P>
<UL><UL><UL>
<P ALIGN=3DCENTER><FONT SIZE=3D2 FACE=3D"Times New Roman">Prepared by =
Seattle-Northwest Securities</FONT></P>
<BR>
<P><I><FONT COLOR=3D"#FF0000" FACE=3D"Georgia">Bob Celebrezze</FONT></I>
<BR><I><FONT COLOR=3D"#FF0000" FACE=3D"Georgia">Principal</FONT></I>
<BR><I><FONT COLOR=3D"#FF0000" FACE=3D"Georgia">Moscow High =
School</FONT></I>
</P>
</UL></UL></UL>
</BODY>
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