The fourth priority of Building Our Future Community
in 2016 was to address the continuing need for capacity at the elementary level. We were, and still are, rapidly growing in central and northern parts of the district, specifically along the Marksheffel Road corridor in POWER Zone and the Meridian Road corridor in Falcon Zone. We are the fastest growing school district in the state of Colorado.
The community supported the passage of 3B in 2016 which provided the funding. Per the 3B Priority 4 criteria, District 49 invested $46 million on building two new elementary schools. Both projects came in on time and under budget.
Bennett Ranch Elementary School
BRES welcomed students and staff, on schedule, for the first day of school on August 2018. Construction of the school costs about $23 million.
Inspiration View Elementary School
IVES welcomed students and staff, on schedule, for the first day of school on August 2019. Construction of the school costs about $23 million.
IVES added to District 49’s portfolio of schools through integration of the visual and performing arts with traditional academic standards to develop the passion and talents of all students. IVES serves the Banning Lewis Ranch area and surrounding neighborhoods.
How the Mill Levy Override Works
The approval of 3B in 2016 [now included in the updated, and current MLO approved in 2018 (4C)] supported financing that generated about $46 million for the construction of these two elementary schools. District 49 does not go into debt by issuing bonds, rather, uses Certificates of Participation to finance the work involved in the projects. The MLO provides funding to pay off the CoPs over a 25-year period. Once the CoPs are paid, the district will be able to reallocate the MLO funds for remodeling projects, new construction or other needs.
The MLO Oversight Committee evaluates these projects. More informtion on the committe can be found here: MLO Oversight Committee