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November 14, 2013

CCS BOE: Project forum scheduled for Dec. 3

Cooperstown Central School will hold an information forum at 7 p.m. on Dec. 3 in the middle/high school cafeteria about the planned Maintenance Project.

The vote on the project, which includes about $6.5 million in improvements and projects for the districts’ two schools and its garage, will be held from 11 a.m. to 8 p.m. on Dec. 11 in Room 304-305 of the middle/high school.

Superintendent C.J. Hebert told the CCS Board of Education on Nov. 6 that he and other school officials will present information at the forum about the project and its cost. In addition, representatives from Bearsch Compeau Knudson Architects & Engineers, the firm which planned the project, will be on hand to answer questions.

Hebert also said that Maintenance Supervisor Wick Bennett will be on hand to give interested parties a tour of the facilities that need and are scheduled for upgrades.

The project would be financed under a loan/bond agreement where the district took out a loan for a short time span, either three or five years, and then bonded it. The total project would be paid off in 15 years. The construction would likely begin in 2015.

Based on a $6.5 million loan, the total project would cost property owners 19 cents per $1000 of assessed property values under the three-year issue and 20 cents per $1000 under the five-year issue. That would mean an increase of $19 or $20 in taxes on property valued at $100,000.

In addition, the Board heard a presentation from Vicki Affinito of the State Department of Taxation and Finance about the STAR Registration Program.

Affinito said that Otsego County has 56 percent registration for completion of the new property tax reduction benefit.

“We’re a little over halfway there, but we still have a ways to go,” she said. “We’re really trying to get the word out to everyone that is eligible to registered, because if someone is eligible to receive the benefits, we want them to receive it. We’re talking about hundreds of dollars in savings for a homeowner.”

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