The Seaside School Board has unanimously approved the wording that will go on a Nov. 5 ballot measure requesting a $128.8 million bond to build a new campus.
If voters adopt the measure, the campus would combine all of the districts four schools, which house about 1,700 students. It would be built on a 50-acre site on the hills east of Seaside Heights Elementary School on land currently owned by Weyerhaeuser Corp.
Property owners would pay $2.16 per $1,000 assessed valuation, according to the ballot measure. That would mean $432 on property assessed at $200,000.
Earlier cost estimates supplied by the district put the rate at $1.82 per $1,000 or $364 on a $200,000 property.
The general obligation bond would mature in 31 years or less, the ballot measure says.
District Superintendent Doug Dougherty said the district had been working on the bond for a long time.
We know what this means to the students and the community, Dougherty said. Were extremely excited about this opportunity for the community to help us prepare for the inevitable.
By building on the hill, the district would be able to take the two elementary schools, the middle school and the high school out of the tsunami inundation zone where they are located and move students to higher ground, which is expected to be safe from a tsunami generated by an offshore Cascadia Subduction Zone earthquake.
Such earthquakes have occurred about every 300 to 330 years, according to state geology experts who have studied the area extensively. The last major earthquake and tsunami occurred in 1700.
Structural experts also examined the schools and determined that, to bring them up to current structural and earthquake codes, it would cost at least $30 million.
The 31-year, $128.8 million bond would pay for the construction of kindergarten-through-12th grade campus, including, according to the ballot measure:
Land acquisition, including the costs to annex the land, which is outside the city, to the city of Seaside and to gain approval from the state Land Conservation and Development Commission for an extension of the urban growth boundary;
Construction costs, including hard and soft costs, installation costs, site costs and demolition costs;
Technology and curriculum materials;
Furnishing and equipping the campus;
Related capital expenditures; and
Bond measure costs.
A portion of the campus also would provide an emergency shelter, the ballot measure says.
If the costs to build the campus are less than expected, the remaining bond funds could be used for additional capital needs, according to the ballot measure.