Board Approves Concept for New Elementary School Design
At the January 20, 2015 Board meeting, the Board was presented with four design concepts for the new elementary campus. After several "visioning" sessions and working with a team of elementary teachers and administrators, the design team narrowed the field to the four concepts presented. The options included three 2-story options and one single story option.
The Board voted to move forward with "Option 1". This 2-story option features a centralized court yard that can be used for outdoor collaborative learning easily accessed by all interior spaces. This courtyard would include covered and non-covered areas with raised garden beds, benches and pavers to minimize maintenance. The main entry is flanked by administration and a 2-story stacked music and art/science/multipurpose lab space. One can go through the main entry and continue on into the learning courtyard. The classrooms are stacked with Pre-K thru 1st grade & life skills on the first floor and 2nd -5th grade on the second floor. The gym, library and cafetorium are located at the back of the building adjacent to one another. Other features include an outdoor track and play grounds that can be accessed without crossing a drive. The parent drive and bus loop have separate drives but, enter and exit in the same area.
While still conceptual, this approach will be the basis for moving forward with design. The link below is the presentation shared with the Board.
Board Approves LHS Design Development
At the December 15, 2014 meeting of the Board of Trustees, members were presented with and approved the final Design Development for the additions and renovations to Lockhart High School. A copy of the presentation can be accessed through the following link.
Board Approves Interior Finishes
At their December 15, 2014 meeting, the Board of Trustees were presented with and approved interior design finishes. Various color schemes and materials were shared with the Board, including natural stone, wood, metal and brick. The following renderings illustrate proposed interior designs.
LISD Receives PSF Certificate
Through the Bond Guarantee Program, the Texas Permanent School Fund is pledged to guarantee bonds issued by Texas school districts thus enhancing their credit rating. Bonds issued under the Bond Guarantee Program are rated AAA, thus allowing participating school districts to borrow at a lower cost. Lockhart ISD recently received its certificate. This guaranteed enabled LISD to sell bonds at a much lower interest rate than planned. As a result, the tax impact is also lower. Please refer to the related headline below.
Board Adopts Lower Tax Rate than Projected
Prior to the bond election, the District projected the interest rates on the bonds at 4.38%. Based on that assumed rate, the maximum tax rate increase was estimated at $0.3228/$100 in taxable value. The District was able to actually issue the bonds at an average interest rate of 3.859%. As a result, the Board adopted an increase of $0.2496/$100 in taxable value. This means the monthly impact to the average home value in Lockhart ISD of $89,793 will be $18.68/mo rather than the $24.15/mo projected. The chart below reflects the revised monthly impact to various home values based on actual average interest rate on the bonds.
|Net Taxable Value After Exemptions||$50,000||$75,000||$89,793||$100,000||$150,000||$200,000|
|Maximum Estimated Monthly Tax Increase||$10.40||$15.60||$18.68||$20.80||$31.20||$41.60|