About the Bond
FNSB Proposition 1
$13,215,000 General Obligation Bonds for Plan of Capital Maintenance
"Shall Ordinance No. 2016-35 be approved; shall the plan of capital maintenance of Borough facilities as described in that ordinance be approved (which plan includes capital improvements to the Borough's schools, park and recreation facilities, and other Borough facilities); and shall the Fairbanks North Star Borough incur debt and issue general obligation bonds in a principal amount not to exceed $13,215,000 to pay costs of the plan, all as authorized by Ordinance No. 2016-35?"
Where would the money go in the school district?
The passing of the bond would support projects at North Pole High, Joy Elementary, and Ladd Elementary, as well as borough projects at Pioneer Park, Carlson Center, Hamme Pool, MACS transit garage and the Borough Administrative Center.
All three school district projects add up to $5.96 million of the total $13.21 million bond proposition.
The roof at Ladd Elementary is leaking. To protect against further leakage and potential interior damage as well as to improve the building’s energy efficiency, the district is proposing to replace the roof and upgrade the exterior of the school. The improvements will increase the roof insulation factor from R30 to R100. The exterior upgrades will also contribute to greater energy efficiency and lowered utility costs. The Ladd project is $3.5 million of the total bond proposition.
North Pole High
The windows and clearstory (clear glass that lets natural light in) at North Pole High have wood frames and many are leaking. Several of the windows are non-functional. Replacing the windows and clearstory will preserve the interior of the building from further damage. The North Pole High project is $1.36 million of the bond proposition.
A portion of the Joy Elementary School roof is leaking. To protect against further leakage and potential interior damage, the district is proposing to replace the roof, insulation and clearstories (clear glass that lets natural light in). In addition to preventing further damage to the building, the improvements will also increase the roof insulation factor from R30 to R100, making the building more energy efficient to operate. The Joy project is $1.1 million of total bond proposition.