HOLMDEL, N.J. - The Holmdel Board of Education will vote today, Wednesday July 26, 2017 at 8PM to approve a referendum question to be put forth to Holmdel voters.
They are asking voters to approve a $40,318,000.00 Bond Proposal this coming September 26, from 4PM to 8PM. The bond proposal, if approved by registered voters, will be used for the following:
- Renovations, alterations and improvements at Holmdel High School, Indian Hill School, William R. Satz School and Village Elementary School
- Acquisition and installation of furnishings, fixtures and equipment and site work
- Addition at Holmdel High School
- Addition at William R Satz School
- Acquisition of land located at 34 Crawfords Corner Road
According to the agenda released on Monday, the final eligible costs of the improvements approved by the Commissioner of Education are $23,825,250 (consisting of $8,049,805 for Holmdel High School, $2,095,380 for Indian Hill School, $11,849,778 for William R. Satz Middle School and $1,830,287 for Village Elementary School). The State debt service aid percentage will equal 40% of the annual debt service due with respect to the final eligible costs of the projects. The proposed improvements include $10,089,432 (consisting of $8,490,099 for Holmdel High School, $107,820 for Indian Hill School, $1,301,300 for William R. Satz Middle School and $190,213 for Village Elementary School) for school facility construction elements in addition to the facilities efficiency standards developed by the Commissioner of Education or not otherwise eligible for State support pursuant to N.J.S.A. 18A:7G-5(g). The Board of Education is authorized to transfer funds between the projects.
The meeting is on Wednesday, July 26, 2017 at 8PM at the Satz Cybercenter. The agenda can be read here:
You can see the presentation here and related impacts to the average homeowner (note - updated materials are expected at some point):
The vote is Tuesday September 26th 2017 4-8PM
For more information, you can:
- attend the HBOE meeting,
- visit the website at http://www.holmdelschools.org or
- contact the Office of the Superintendent, Dr. Robert McGarry at 732.946.1800
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