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APPROPRIATION COMMITTEE <br /> REPORT TO OCTOBER 20 SPECIAL TOWN MEETING <br /> OVERVIEW: "COMPREHENSIVE, MULTIYEAR COMM' f " <br /> 111HrNT APPROACH 3. :r 4 M <br /> • PERMANENT BUILDING COMrIITTEE'S$107 MILLION PROGRAM RESPONDS SCHOOLTO , ' <br /> COMMITTEE'S GOALS j�``'���.t <br /> • SCHOOL COMMITTEE'S$70.9 MILLION PHASE 1 PROPOSAL ADOPTED 10/7/97 . F ''t a 9 <br /> ELEMENT :. . <br /> Cosr(millions) —• <br /> QUALIFIED FOR REII4IBL'rRSF.MENT ri-- ,:: - , <br /> LEXINGTON HIGH SCHOOLr:' <br /> CLARK MIDDLE SCHOOL $28.56z F . s.-.�a <br /> DIAMOND MIDDLE SCHOOL 14 3 ,,,,, r` >>i yx <br /> . <br /> ELEMENTARY SCHOOL $ o . x ��� �'"�� ''i <br /> HARRINGTON <br /> TECHNOLOGY PLAN(STATE-APPROVED) 12 <br /> ''`" :- <br /> SUBTOTAL: $65.6 <br /> NOT QUALIFIED FOR RE MB :3._` Ll ! <br /> I "SWING" SPACE �� 1V1' �' <br /> $4.0 1 <br /> TECHNOLOGY PLAN(STATE-APPROVED) . J"•'''' z <br /> SUBTOTAL: -,'`- <br /> TOTAL PROJECT COST: $70.9 <br /> STATE REIMBURSEMENT 0 59% OF$65.6Mz's <br /> $38.7 • ;"e ,:, <br /> NET COST TO THE TOWN $32.2 <br /> • $39.8 MILLION PHASE 2 MIGHT BEGIN IN FY 2004 (SEE EXHIBiT C FOR PHASE 2 ASSUMPTIONS.) <br /> --ALLOWS UPDATED ELEMENTARY ENROLLMENT PROJECTIONS TO SHAPE PHASE 2 <br /> —SMOOTHES DEBT SERVICE REQUIREMENTS AND TAXPAYER IMPACTS <br /> --DEFERS PHASE 2 UNTIL COMPLETION OF PHASE 1 PROJECTS <br /> Appropriation Committee Report Page 9 of 13 <br /> October 13, 1997 <br />