Thank you!

 I would like to express appreciation to the communities and voters who passed this bond election addressing our greatest facility needs. We are anxious to begin breaking ground on a new high school in Eagle Mountain along with other projects that are desperately needed. I want to thank parents, employees and community leaders who helped inform voters and supported this initiative. It was a team effort in sharing correct information about the bond. We will continue to focus on excellence in all classrooms everyday, centered on student learning.

Samuel Y. Jarman
Superintendent

ASD Bond 2016

Join with us in working together with Alpine School District to address the needs of all students in our communities!

Please watch the informative videos below to learn more about the 2016 Bond

Alpine School District is seeking a bond for various reasons including:

  • RAPID GROWTH – Alpine School District is experiencing phenomenal growth resulting in crowded schools. The District is expected to grow 5,000 students by 2020. This would be the equivalent to 2 high schools, 3 junior high schools or 5 elementary schools.
  • AGE OF BUILDINGS- The age of some of our buildings require seismic safety upgrades and other renovations. In fact, ten of our existing buildings still in use today were built in the 1950’s.
  • LAND ACQUISITION- In order to build our new schools because of growth, land will need to be purchased.
  • LOW INTEREST RATES- Because of low interest rates and our AAA bond rating, we will be able to bond without increasing the tax rate on property taxes paid by the public.
Taxpayer Impact
Bond Projects
Why Bond
KSL News Report
1
New High School
2
New Middle Schools
6
New Elementary Schools
4
Rebuilds
10
Renovations
3
Land Acquisition

Projects

2016-bond-overview

Projects for the 2016 Bond

FOUR PHASES – The projects will begin in four different phases with the first phase projects starting in 2017 and the fourth phase projects starting in 2020.

NEW SCHOOLS – Nine new school will be built including 1 high school, 2 middle schools, and 6 elementary schools.

SCHOOL REBUILDS – Rebuilds will take place at the following locations:

  • Lehi High School, Lehi
  • Cascade Elementary, Orem
  • Central Elementary, Pleasant Grove
  • Greenwood Elementary, American Fork

RENOVATIONS – Major renovations will occur at the following locations:

  • Mountain View High, Orem
  • Timpanogos High, Orem
  • Lone Peak High, Highland
  • Oak Canyon Junior High, Lindon
  • Legacy Elementary, American Fork

PROPERTY ACQUISITION – Property will be purchased based on enrollment projections in high growth areas:

  • Eagle Mountain
  • Lehi
  • Saratoga Springs
  • Vineyard

SECURITY UPDATES – Security updates will occur at the following locations:

  • Aspen Elementary, Orem
  • Bonneville Elementary, Orem
  • Highland Elementary, Highland
  • Security camera improvements, high schools
  • Card access improvements, elementary schools

Funding

Funding for the 2016 Bond

Because of 4 key points, the Alpine School District portion of taxpayers’ property tax will not increase:

  • Accelerated growth in our assessed value due to new residences and businesses. Alpine School District is experiencing phenomenal growth with new residences and businesses. Just last year, the assessed value throughout the school district increased by 10.7%.
  • Aggressive pay-off of previous 20-year bonds in approximately 15 years.
  • Structuring new bonds in layers keeps our debt ratio low and reduces the impact on taxpayers. (As past bonds are paid off, the new bonds are layered in to stay below our assessed value to keep our debt ratio low.
  • Impact of low borrowing rates due to our AAA Rating is comparable to a personal credit score of 850. Alpine School District is the only governmental taxing entity outside of Salt Lake County to have a AAA rating. Approximately 73 out of 13,900 school districts throughout the country have a AAA rating.

Ballot

2016-bond-ballot

Understanding the Ballot for the 2016 Bond

The ballot language 

  • Utah State Law- The law requires ballot language be written as shown here.
  • A Tax Decrease- As previous bonds are paid off, property taxes would decrease for taxpayers. However, for the same payment patrons currently pay, a bond would not raise their rate because of the four factors described in the four numbered stars on the infographic.

Bond FAQs

Why does Alpine need a bond?

Alpine School District is seeking a bond for various reasons including:

  1. Rapid Growth. Alpine School District is experiencing accelerated growth resulting in crowded schools. The district is expected to grow 5,000 students by 2020. This would be the equivalent to 2 high schools, 3 junior high schools or 5 elementary schools.
  2. Age of Buildings. The age of some of our buildings require seismic safety upgrades and other renovations. In fact, ten of our existing buildings still in use today were built in the 1950’s.
  3. Land Acquisition. In order to build new schools in growing areas, land will need to be purchased.
  4. Low Interest Rates. Because of our AAA rating, our bonds will receive a better interest rate which saves money for the taxpayer over time.

How is it possible to have no tax rate increase?

The Alpine School District portion of taxpayers’ property tax will not increase, for these key reasons:

  1. Accelerated growth in our assessed value due to new residences and businesses. Alpine School District is experiencing phenomenal growth with new residences and businesses. Just last year, the assessed value throughout the school district increased by 10.7% ($2 Billion).
  2. Aggressive pay-off of previous 20-year bonds in approximately 15 years.
  3. Structuring new bonds in layers keeps our debt ratio low and reduces the impact on taxpayers. (As past bonds are paid off, the new bonds are layered in to stay below our assessed value, keeping our debt ratio low.
  4. Impact of low borrowing rates due to our AAA Rating is comparable to a personal credit score of 850. Alpine School District is the only governmental taxing entity outside of Salt Lake County to have a AAA rating. Approximately 73 out of 13,900 school districts throughout the country have a AAA rating.

What is a bond?

A bond is a low interest loan school districts use to pay for new school construction, reconstruction, renovations and property for new schools. It is similar to a home loan or mortgage. Just like homeowners, Alpine School District borrows money and makes monthly payments. The District averages an aggressive 15 year pay-off. Bonding requires the approval of taxpayers through an election.

Bonding is the least costly option for taxpayers to build school buildings. Tax payments for a bond typically go down each year as bond debt is paid off. Bonding offers the lowest interest rates and Alpine School District will also benefit from lower rates because of our AAA bond rating.

What is the amount of this bond?

The amount of the 2016 Bond is $387 million. Funds will only be borrowed as projects are started over four phases.

What will the money be used for?

9 New Schools- One high schools, two middle schools, and six elementary schools will be built over the four phases.

4 Rebuilds- The final two phases of Lehi High School and rebuilds at Cascade, Central and Greenwood Elementary Schools will be completed.

5 Renovations- Four roof replacements will be completed a Timpanogos High, Lone Peak High, Oak Canyon Junior High, and Legacy Elementary Schools.

Property Acquisition- Property will be purchased at various sites for future schools.

Security Updates- The offices at Aspen, Bonneville and Highland Elementary Schools will be relocated to the front of the schools and cameras and electronic card systems will be installed in some of our schools.

Understanding the Ballot for the 2016 Bond

The ballot language 

  • Utah State Law- The law requires ballot language be written as shown here.
  • A Tax Decrease- As previous bonds are paid off, property taxes would decrease for taxpayers. However, for the same payment patrons currently pay, a bond would not raise their rate because of the four factors described in the four numbered stars on the infographic.