Discussion on the potential bond issue highlighted the need for upgraded classroom security systems, estimated at $7 million. These systems are intended to enhance safety and communication within classrooms, addressing concerns from parents about school security. The proposal mentioned utilizing the tech levy for these upgrades, though it was deemed unlikely, leading to the pursuit of bond funding. The district’s reliance on residential properties for funding was underscored, as approximately 90% of the tax base is composed of residential levies, due to a lack of large commercial enterprises to share the financial burden.

The board discussed financial implications for the community, estimating a tax impact of about $9 per month on a median-valued home, accumulating to around $108 annually. To mitigate the financial burden on taxpayers, the board considered a phased approach to bond issuance, extending payments over several years until 2055, similar to practices used by utility companies. Community feedback on tax tolerance was deemed critical for gauging support before any potential referendum.

Facility improvements were another focal point, with discussions covering renovations and additions across middle schools, high schools, and elementary schools. At Clear Springs, the proposed upgrades included increased restroom facilities, larger special education spaces, and small group rooms, with cost estimates around $3.3 million. Similar discussions were held for Daven and Excelsior Elementary Schools, emphasizing the need for gymnasiums, additional small group spaces, and staff restrooms to address capacity and site constraints.

Groveland Elementary’s needs included a second music room and renovations to maintain playground areas during construction. The proposed $4 million renovations would convert existing classrooms into small group spaces and add restrooms within a tornado shelter area. At Minnetonka High School, discussions focused on expanding the cafeteria, relocating the fitness center for a popular aviation program, and addressing staff restroom shortages.

The meeting also addressed potential impacts of the proposed bond on the district’s AAA bond rating, which could face a downgrade due to negative enrollment trends affecting revenue. The board examined the district’s current debt service situation, noting the potential risk of increased bond costs if the district’s debt surpasses other AAA-rated districts. Future major expenses are expected to focus on roofing and paving, with significant projects like the ice arena replacement scheduled for late in the 2030s.

Additional topics included the necessity of addressing community concerns such as traffic congestion and parking availability. Proposed changes to East Middle School’s bus entry aim to improve traffic flow, while West Middle School’s configuration allows for easier stormwater retention implementation due to high ground. At both middle schools, the need for additional facilities like restrooms, science classrooms, and physical education stations was emphasized.

The board reiterated the importance of community engagement and transparency throughout the decision-making process, gathering feedback to inform project prioritization and ensure alignment with community needs. Plans for a future work session were set to review operational costs and community feedback.