FOLLOW UPDATES ON SOCIAL MEDIA BY SEARCHING #BVBOND2020 FOR PICTURE UPDATES
BLUE VALLEY BEGINS BOND CONSTRUCTION PROJECTS DURING SUMMER 2020
With the support of Bond 2020 funds, the district began several projects over summer 2020 to reinvest, reinforce and reimagine facilities throughout the district, starting with Blue Valley High. Construction at the district’s original high school included safety enhancements, theater improvements, flooring replacements and the removal of mobile classrooms to make way for a new 12-classroom building addition. This addition will provide three new flexible learning spaces and an opportunity to renovate two existing classrooms for a total of 14 classrooms within the addition, projected to be complete in fall 2021.
The addition of flexible learning environments like the ones coming to Blue Valley High is included for several schools as part of the 2020 Bond. Over the summer, the district also reimagined learning environments at Blue River Elementary, Sunrise Point Elementary, Heartland Elementary and Cottonwood Point Elementary as part of an effort to ensure all school environments can best support students and staff, with the remaining elementary schools scheduled to receive similar upgrades over the next three years.
Along with providing flexible learning spaces, the 2020 Bond funds also support the district’s commitment to safe learning environments by reinforcing safety Blue Valley begins construction on Bond 2020 projects over the summer measures at all school buildings. Over the summer, construction teams began outfitting high school classrooms with new thumb-turn door locks that allow staff members to lock doors from inside the classroom in the event of a safety breach. This work will continue throughout the school year and be complete in the spring of 2021. Over the course of the next several years, all schools will receive these upgrades.
As the district’s facilities age, there is always a need to maintain, refresh and renovate existing spaces. Several buildings received roofing work, flooring replacements, major mechanical upgrades and more to ensure they continue to offer the most optimal learning environments. While the majority of projects included in the Bond 2020 package address existing facilities, the bond is also providing funding to build the district’s newest elementary school, Elementary 24, located at 182nd and Long St. In August, the district broke ground on the new school, which will incorporate several of the enhancements current schools are receiving as part of the bond package, along with a few unique elements to give Elementary 24 a character all its own.
Several exciting bond projects lie ahead for the community to reinvest, reinforce, and reimagine Blue Valley.
BLUE VALLEY ISSUES FIRST BONDS FROM 2020 REFERENDUM, REFUNDS BONDS SAVING TAXPAYERS $2.39 MILLION
On Monday, April 13, 2020, the Blue Valley Board of Education issued the first bonds from the 2020 bond referendum passed by district voters on January 28, 2020. Blue Valley registered voters approved a $186,835,000 referendum that will reinvest in facilities and technology, reinforce school safety and reimagine learning environments and programs that will benefit students and staff.
The principal amount of bonds sold in the 2020-A series was $125 million. There were seven institutions bidding on the bonds with the low bidder being Bank of America Merrill Lynch with an interest rate of 2.151220%.
Blue Valley’s Board of Education also issued $12.485 million in general obligation refunding bonds in an effort to secure a lower interest rate and savings for taxpayers. Four institutions bid on these bonds, with the low bidder being Piper Sandler & Co. at 1.277843%. These bonds originally sold at a higher interest rate in 2009 and 2011. The new lower interest rate will save district taxpayers $2.39 million in interest payments. The closing and delivery on both sales is scheduled for May 7, 2020.
During a rating review last month, Moody’s Investor Services reaffirmed the district’s Aaa bond rating and Standard and Poor’s reaffirmed the district’s AA+ bond rating.