Lockport High School - Forum Yearbook (Lockport, NY)

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WHAT Wlll BE THE COST TO THE TAXPAYER ? ? ll your home is assessed lor S5,000, it will cost you less than 36c each week to have this new senior high school. ll the evaluation ol your property is lower, the cost will he even less. ll it is higher, the tax will he correspondingly more. .4a2l45eeauw'7da .- AN ESTIMATE OF THE TOTAL COST The estimated volume of the proposed school building is 2,900,000 cubic feet. The total area to be developed is 25 acres. In view of con- struction bids received on several recent projects in Western New York, it seems that a fair estimate would place the total cost of this project at 82,750,000 This includes construction of the building, development of the outdoor facilities, equipment, legal, architect, and engineering fees, and interest during construction. THE METHOD FOR PAYMENT A bond issue for the total amount will be retired through local taxation of property over a 20 year period. g THE EFFECT 'ON THE TAX RATE The tax rate increase because of this added debt service will be 83.69 per thousand in 1950. By 1969 the total debt will be completely retired. CThis figure is based upon the assumption that a bond issue of 32,750,- 000 can be sold at a maximum rate of interest of 2fZ. 'I' his is an estimated rate for Lockport as of October 20, 1948. lf a lower interest rate can be obtained, the estimated yearly costs will be less.j

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What About OUTDOOR Facilities ? BUllDlNG SITE IS 25 ACRE Pl0T . . . fPresent senior high school is located on a 1.7 acre plot.j DIVERSIFIED SPORTS PROGRAM POSSIBLE . . . A play area permits regular outdoor PHYSICAL EDUCATION classes. This area is easily accessible to the gymnasium. A full outdoor intra-mural program can be carried on in the play area. Un the present school, which provides no outdoor facilities, only 2096 of the student body can participate in the indoor programj. The other half of the area is a sports field planned to take care of a full inter-school pro- gram. There will be a quarter-mile running track, a well-drained gridiron for football, and f- a permanent concrete stand for 4,000 spectators. Under the stand will be found team rooms equipped with lockers and showers and uniform storage facilities for the players. Space will be available for both open and closed storage of general maintenance equip- ment. fThe field will be completely lighted for night activitiesj. PARKING N0 PROBlEM . . COver 350 cars can be conveniently parked on the school groundsj.

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CAN YOUR CITY FINANCE THIS PROJECT ? ? The total debt limit for borrowing in the city of Lockport was 83,016,- 954.63 as of October 1, 1948. If this new senior high school is con- structed, the unused debt limit in 1950 would be 9'p320,954.63 654,000 of school bonds having been retired in 19491 This balance would in- crease about S165,000 annually thereafter because of retirement of school bonds. YES, IOCKPORT CAN AEFORD TO BUILD THIS NEW SCI'IOOl. sli- IT CAN BE DONE I ! I We are under the city debt limit. Our school tax rate will increase only 33.69 per thousand. The retirement of the bond issue is for a short term of 20 years. IT CAN BE DONE ! ! !