The West Geauga Board of Education convened on December 11, 2024, to discuss significant developments regarding the district's upcoming facility projects and financing strategies. Central to the meeting was the ongoing planning for a new 6-12 campus, which includes renovations to the middle school and the addition of a field house. This initiative, initially recommended by the master facility committee in January, has progressed with updated cost estimates and architectural consultations.

The total projected cost for the project stands at approximately $128.2 million. Over the past months, the board has allocated $6.25 million towards the middle school renovations, aiming to mitigate the overall financial burden. The board's discussions highlighted the importance of accurate financial planning, especially given the potential for cost fluctuations before the project's anticipated completion in 2026.

A key focus of the meeting was the financing of the project through bond issuance. The board is preparing to place a levy on the May 2025 ballot, which requires careful consideration of the bond language and associated resolutions. Legal and financial advisors, including bond attorney Catherine Schwartz and municipal advisor Heather, provided insights into the necessary steps to ensure the proposal meets state requirements and is financially viable.

The board emphasized the importance of obtaining special needs status from the state, which would allow the district to borrow up to 12% of its assessed valuation, facilitating the funding of the project. This status is crucial as the proposed borrowing exceeds 9% of the district's assessed valuation.

As the board moves forward, they will continue to refine their financial strategies and prepare for the upcoming vote, which is seen as a pivotal moment for the district's educational infrastructure. The discussions underscored the board's commitment to enhancing educational facilities while navigating the complexities of financing large-scale projects. The next steps will involve finalizing the bond language and ensuring all necessary approvals are in place ahead of the May election.