A slate of Floyd County Schools ELOST 4 projects totaling an estimated $3.75 million are set to get underway this spring and summer.
The Floyd County Board of Education received updates on the status of these pay-as-you-go projects that receive funding from the 1-cent education local option sales tax during a lengthy work session Tuesday.
Superintendent John Jackson said Wednesday that with the completion of the marquee ELOST 4 project of a new Coosa High for $36 million, and ensuring the bond payments for its construction are paid on time, the funds are available for the system to move forward with other projects. The system took out bonds to help start the Coosa High project.
ELOST proceeds for just over nine months each year are used to make the annual bond payments, Jackson said. The proceeds from the remaining three months are set aside for pay-as-you-go projects. The system collects about $700,000 a month from ELOST.
Also, a $2.3 million settlement between the system and Johnson Controls Inc., related to a RICO case, is helping to fund these upcoming projects.
Equipping six primary and elementary school gyms — Pepperell Primary, Glenwood Primary, Pepperell Elementary, Model Elementary, Cave Spring Elementary at Garden Lakes Elementary — with HVAC systems make up most of the projects to be completed this spring. These projects are expected to be completed in the next few months, Jackson said.
Jackson said the system can get better pricing on these projects this time of year. The system plans to purchase the equipment and do installation in-house at some of the gyms, while those with more difficult installations will be completed by a contractor.
Additional work and upgrades on the gyms at Pepperell Primary and Garden Lakes Elementary will also be done. New gym flooring at Johnson Elementary, system-wide virtual data upgrades, and purchases of a truck, van and one piece of equipment are also on the spring 2018 ELOST project list.
Additionally CCTV — closed-circuit television — camera upgrades at Pepperell and Model high schools and the College and Career Academy are included, along with an allotment for furniture and technology upgrades at media centers and Chromebook purchases for schools.
All together, this spring’s projects are estimated to cost $2.5 million.
This summer’s projects are estimated to cost $1.25 million. New flooring for media centers at Armuchee and Alto Park elementary schools, exterior door replacements at Model Elementary and the purchase of 14 buses make up this summer’s list.
ELOST 4 projects for summer 2019 are projected to run the system $500,000. Gym HVAC installation at McHenry Primary will be done, and CCTV upgrades to three middle schools as well. The auxiliary gyms at Pepperell and Model high schools will also have HVAC installed and a truck will be purchased.
Ten other ELOST 4 projects are on the system’s radar but it’s too soon to tell if funding will be available for each of them. Jackson said the current cost estimates for each of them could change, increasing or decreasing, come the time to pursue them, and ELOST collections could also be up or down.