Side Menu Begins
Side Menu Ends, main content for this page begins

BOND ISSUE HISTORY

BOND ISSUE FOR ELEMENTARY BUILDINGS

In 2001 the district passed a bond issue and in 2004 four new elementary schools opened: McCormick, Mulberry, Meadowview, and Pattison opened in 2004. The two remaining elementary schools - Seipelt and Boyd - opened in 2016. OFCC funding all but $2 million of construction costs for these two schools through credits earned by the district through the ELPP program, in which the district fully-funded the first four elementary building projects. 


BOND ISSUE DEFEAT 2019

The District's bond issue, on the May 2019 ballot for 4.7 mills, was defeated.

The following components were proposed in the May 2019 bond issue:

  • Build a new middle school - grades 6-8;
  • Build a new 1,000 seat auditorium shared by the Junior High and High School to accommodate student performances and school programs;
  • Renovation projects at Milford High School, including renovating classrooms, replacing the HVAC/air handling system, installing a new roof on a portion of the building, upgrade the gymnasium;
  • Replace outdated athletic facilities. 

 C.A.T. FORMED

The Community Advisory Team (C.A.T.) was formed after the defeat of the May 2019 Bond Issue. The C.A.T.'s objective was to develop and present a consensus proposal on the district's Master Facilities Plan. The C.A.T. presented their preferred plan to the Board of Education in September 2019.

MEMBERS OF THE C.A.T.

The district received 97 requests from individuals interested in participating in the C.A.T. After reviewing these requests, the district extended 66 invitations.

The district followed three rules in determining who was eligible to participate:

  1. Participants must live in the Milford School District.
  2. A limit of one participant per family.
  3. A limit on the number of district-employed participants.

In some cases, invitations were not offered because there was simply an abundance of applicants in that particular demographic group. Nearly all invited applicants fit into multiple categories.

The invited applicants include the following:

31 - Parents of Milford students

12 - Parents of Milford graduates

5 - Empty nesters

9 - Retirees

5 - Business owners

5 - MEVSD staff members

8 - Members of "Vote No to Milford School Bond"

8 - Known supporters of the May Bond

All CAT sessions were all recorded and posted online for community members to watch - and are linked at the bottom of this page. Two board members attended C.A.T. meetings, but were only there to listen and will not provide input. 


 THE C.A.T.'S PROPOSAL

At the September 2019 Board meeting members of the Community Advisory Team (C.A.T.) presented their preferred Facility Master Plan to the Board.

The C.A.T. recommended that the Board keep the total facility construction cost to less than $72.5 million, and to include: 

  • Building a new junior high for grades 6-8 designed with grade levels in separate areas

  • Include space for programs that are currently housed in modulars

  • Integrate the Preschool program into two elementary school buildings

  • Site safety at the junior high and high school campus which includes updated traffic flow and parking

The C.A.T. also asked the Board to consider adding to the plan the construction of an auditorium, HVAC and roof needs at the high school, upgrades and visitor bleachers at the stadium, and to consider what to do with the athletic buildings that would be displaced by the construction of a new junior high building.


 THE C.A.T. PROCESS

The C.A.T. met a total of six times in the summer of 2019, spending more than a dozen hours together learning the history of the district’s master facilities plans, learning how funding works and how bidding works, examining the condition of current buildings, and conducting a question and answer session with a representative from the Ohio Facilities Construction Committee (OFCC). 

The team’s goal was to understand, synthesize and advise the Board of Education on the Facility Master Plan supported by the four pillars of Education, Facilities, Finance, and Community Support. 

SUMMER TIMELINE TO PLACE THE BOND ISSUE ON THE BALLOT

In order to begin the process of placing a bond issue on the ballot for November, in June and July the Board of Education needed to vote on a number of procedural resolutions.

  • June 16, 2021 - 6 to 8 p.m. - The Board of Education hosted a Work Session to discuss the potential bond issue. The public was encouraged to attend this Q&A session with the Board members. The meeting was broadcast live on ICRC and a recording is available to view online: Link to view.

  • June 17, 2021 - Regularly scheduled Board of Education meeting at 6:00 p.m. The Board Members discussed the potential bond issue further. The meeting was broadcast live on ICRC and a recording is available to view: View Video. At this meeting the Board approved four resolutions: 

    • Resolution for Ballot Consent - The Board must pass this resolution now and send it to the Ohio Department of Education and the Ohio Department of Taxation to request approval to issue bonds in the principal amount not to exceed $59,000,000.

    • Resolution Designating Underwriter - The bond underwriter takes the bonds to market. The Board designated RBC Capital Markets, LLC - the same firm who handled the previous bonds to build the elementary schools.

    • Resolution Retaining Bond Counsel - The Board designated Dinsmore & Shohl, LLP, as bond counsel, the same firm who handled the previous bonds to build the elementary schools.

    • Resolution Designating Municipal Advisor - Municipal Advisors work on the behalf of the district, along with the underwriters, to find the district the best interest rate. The District designated Bradley Payne Advisors, LLC, as municipal advisor. 
  • Ask Me Anything (AMA) with John Spieser - Wednesday, June 23 from noon to 2 p.m. - this event was hosted by the Milford Neighborhood Facebook Group - During the two hour event, Mr. Spiser answered questions that were asked in the comments of the Group's post. You must be a member of the Facebook Group to view the thread. The questions asked were moved to our FAQ page, too.

  • June 24, 2021 - Noon - Facebook Live with the Superintendent - the Community is welcome to submit questions prior to the Live event or ask questions during the live event. A recording of the event can be viewed here. The questions asked were moved to our FAQ page, too.

  • July 8, 2021 - The OFCC met for consideration of the Determination of Conditional Approval. OFCC approved $11,559,512 in co-funding for this project.

  • July 8, 2021 - The Milford Board of Education met in special session to further discuss the potential bond issue and consider approving procedural resolutions pertaining to information about the bond issue. The Board determined the exact dollar amount and length of the bond issue.

  • July 15 - Regularly scheduled Board of Education meeting was held at 6:00 p.m. The meeting was broadcast live on ICRC. At the meeting the Board approved the resolution to proceed with the bond issue.

PRESENTATIONS