UPDATE: February 14, 2024 — The seven initial design options now include proper tax impact information, vetted by the Cape Elizabeth town manager alongside bond counsel at Moors & Cabot. See the updated information below. Click on each option’s image to see the full detail.
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On February 1, 2024, Harriman architects presented seven potential design plans for school renovations and constructions, each with its own scope and budget. Please review the options below — and send us your feedback here.
Option A focuses on basic repairs, while options B and C suggest more extensive new additions and renovations, escalating in scale and cost. Options D, E, and F propose varying combinations of new construction and renovations for middle and elementary schools. Lastly, option G offers the most comprehensive approach, with new construction for both schools. These options are aimed at addressing the community’s educational needs, safety standards, and modern learning environments. Community input on these proposals is highly encouraged.
Over the next couple of weeks, the SBAC will work to narrow down these options.
Details on the Seven Initial Design Options
Option A – Repair Only (Bring Building Up to Code)
Total Cost: $36,562,500
Tax Impact: 6.24%
Total Interest: $13,732,059
Yearly Debt Service: $2,514,728
Yearly Cost for Median Homeowner: $451
Monthly Cost for Median Homeowner: $37.50
Option B – Addition/Renovation
Total Cost: $64,562,904
Tax Impact: 10.42% to 16.10%
Total Interest: $28,509,004
Yearly Debt Service: $4,200,369
Yearly Cost for Median Homeowner: $753
Monthly Cost for Median Homeowner: $62.75
Option C – Addition/Renovation
Total Cost: $116,112,963
Tax Impact: 18.29%
Total Interest: $54,497,846
Yearly Debt Service: $7,372,276
Yearly Cost for Median Homeowner: $1322
Monthly Cost for Median Homeowner: $110.17
Option D – Addition/Renovation
Total Cost: $138,901,186
Tax Impact: 20.71%
Total Interest: $73,508,317
Yearly Debt Service: $8,350,400
Yearly Cost for Median Homeowner: $1497
Monthly Cost for Median Homeowner: $124.75
Option E.1 – New Middle School
Total Cost: $110,932,210
Tax Impact: 16.18%
Total Interest: $71,954,641
Yearly Debt Service: $6,520,739
Yearly Cost for Median Homeowner: $1169
Monthly Cost for Median Homeowner: $99.09
Option E.2 – New Middle School
Total Cost: $135,453,031
Tax Impact: 20.16%
Total Interest: $71,954,641
Yearly Debt Service: $8,127,820
Yearly Cost for Median Homeowner: $1457
Monthly Cost for Median Homeowner: $121.42
Option F.1 – New Elementary School
Total Cost: $115,147,440
Tax Impact: 16.90%
Total Interest: $62,893,292
Yearly Debt Service: $6,812,125
Yearly Cost for Median Homeowner: $1221
Monthly Cost for Median Homeowner: $101.75
Option F.2 – New Elementary School
Total Cost: $134,635,572
Tax Impact: 19.89%
Total Interest: $72,632,330
Yearly Debt Service: $8,016,082
Yearly Cost for Median Homeowner: $1437
Monthly Cost for Median Homeowner: $119.75
Option G- New Elementary and Middle Schools
Total Cost: $148,964,860
Tax Impact: 25.08%
Total Interest: $97,017,675
Yearly Debt Service: $8,099,418
Yearly Cost for Median Homeowner: $1813
Monthly Cost for Median Homeowner: $151.09
