TROY — Troy City Schools will host a community meeting to discuss its proposed elementary school building project and its Nov. 7 levy.
The meeting will be held Tuesday, Oct. 17 from 7-8:30 p.m. at the high school cafeteria. The meeting is open to the public. A panel of three people will answer questions from the audience following a presentation about the project.
Superintendent Eric Herman will also present levy information at the Thursday, Oct. 19 “Meet the Candidates” night at Troy Junior High. That event is hosted by Leadership Troy and will begin at 7:30 p.m.
If the November levy passes, the district would build two separate elementary schools on its planned site — housing pre-kindergarten through second grade in one building and third through sixth grades in another.
In August, the board of education entered into a contingent contract to purchase nearly 59 acres to build the Pre-K through sixth grade buildings. The contract expires in December.
The board unanimously supported the resolution to enter into a potential purchase of property contract to buy 58.67 acres at 3054 W. State Route 55 and Nashville Road for $733,375 from the late Don Isern heirs. The property is to the west of Kensington and Edgewater developments.
Voters will consider a 4.61-mill levy on the Nov. 7 ballot that would raise $47.9 million to build the two new elementary schools and make improvements, such as adding air conditioning to the common areas at 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 will fund approximately $16 million for a total project cost of around $63.3 million.
The OSFC requires at least 350 students in each new construction building to qualify for state funds.
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.
More information about the project can be found online at its “Future of Learning” website at www.futureoftroyschools.com.
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