TROY — The Troy City Schools school board of education will consider purchasing land on State Route 55 at Monday’s board meeting.
The board will meet at 5:30 p.m.
The ground will be for a new K-5 campus. Troy City Schools Board of Education voted to place a 4.61-mill levy on the Nov. 7 ballot that would raise $47.9 million to build new elementary schools and make improvements to the high school.
The 30-year bond issue includes 0.5-mills for permanent improvement for maintenance, which is required for the additional Ohio Schools Facility Commission funding. The district has qualified for 33 percent state funding from the Ohio Schools Facility Commission if the levy is passed. The OFSC funding will qualify the district to receive approximately The OSFC requires at least 350 students in each new construction building to qualify for state funds.
An analysis of the district’s elementary buildings found it would cost $50 million to outfit the current buildings with HVAC at the minimum.
If the 4.61-mills levy is passed, it would cost $161.34 per year for a home valued at $100,000; $242.01 per year for a $150,000 home; $322.68 for a $200,000 home; and $403.35 for a $250,000 home.
Superintendent Eric Herman said the district expects to have one or two pre-kindergarten through sixth grade campus locations and have the land purchased by September The configurations of the building and its layout has yet to be determined.