White Plains CitizeNetReporter - The White Plains Daily Internet Newspaper...Founded 2000 A.D.
White Plains CitizeNetReporter Search
White Plains CitizeNetReporter Cap and Gown Weddings
    Create an account The White Plains Daily Internet Newspaper...Founded 2000 A.D....
White Plains CNR
· Main Page
· White Plains News
· Toast of the Town!
· WPCNR Jobs & Ops
· White Plains Calendar
· White Plains Links
· White Plains Past Polls
· News Archives
· Old WPCNR

News Delivery
· News On Your PDA
· News Syndication

More at WPCNR
· Your Account
· Top 10 Pages
· Traffic Stats
· Recommend Us
· Contact Us

Support Our Sponsors


Law Offices of Joy Frank

PC Ventures

Reader's Comments
I really like his website. He gives you news you will not find in the newspaper.
-- Robert Stackpole, White Plains Planning Board

White Plains Week
White Plains Week
CLICK HERE
TO WATCH NOW!

John Bailey
Jim Benerofe
welcome
Peter Katz
to the

WHITE PLAINS WEEK
NEWS TEAM

Fridays at 7:30
Mondays at 7
on
WPPA-TV
Channel 76

NEW!

See Current Edition of
White Plains Week
on the Internet at

www.whiteplainsweek.com

User Info
Welcome, Anonymous
Nickname
Password
(Register)
Membership:
Latest: avnimedia
New Today: 0
New Yesterday: 0
Overall: 636

People Online:
Visitors: 40
Members: 0
Total: 40

Board of Education Capital Projects Committee Sees Cost of Bond Rise to $70 Mill Posted on Friday, July 21 @ 00:23:53 EDT by jfbailey

Schools

WPCNR SCHOOL DAYS. By John F. Bailey. July 21, 2006: Triton Construction Corporation presented new numbers based on their review of the projected costs of the School District proposed $66.7 Million Infrastructure and Capital Improvement program Thursday evening to the Capital Projects Committee at the White Plains High School Library because Education House was without power for the second straight day.

Chris Pearson of Triton Construction Corporation, the city's construction manager on the as-yet-to-be-approved project, presented costs of the projects as approaching $69,366,748, up 3% from the previous $66.7 Million figure.



Pearson attributed the rising costs to a 3% increase in the cost of construction of the new Post Road School from $36 million to $39,359,008. He also warned that costs would escalate due to construction inflation at 2% a quarter. At that rat, considering construction could not start before July 2007, WPCNR estimates the bond amount may eventually have to be floated for $75 Million in either October or December. It is unlikely the Board of Education would put the bond referendum up for vote in November when there would be a high turnout of electorate. Russ Davidson of Kaeyer, Garment & Davidson, who said he had not seen Mr. Pearson's figures before the evening, said he was pleased Triton's figures on the project were only 3% higher than what KG & D had estimated.

The Superintendent of Schools Timothy Connors stated that the school was expected a gift towards the Loucks Field construction from the Super Developer, Louis Cappelli, but that the amount and form of Mr. Cappelli's generosity has yet to be announced by the city or Mr. Cappelli. Last week, WPCNR was told by Mr. Cappelli's spokesperson, Geoffrey Thompson the terms and nature of the gift were being negotiated. (The cost of the renovation of Loucks Field at White Plains High School was estimated by Mr. Pearson last night as being $5,777,742.)

Mike Graessle, Chair of the committee set August 2, Wednesday, for the committee to reconvene and discuss its recommendations to the Board of Education.

The Committee dismissed accountant Richard Hecht's recommendations to bond the infrastructure improvements separately, based on Assistant Superintendent of Business Terence Schruers bond projections showing no significant savings in tax payments if the district did that. Schruers noted that the cost of the bond in a tax increase would be  an additonal $66 to  $70 a year in taxes for the average assessed home in White Plains ($15,000) . For a home worth $700,000 in White Plains assessed at $18,000, that cost would be an additional $85 a year in additional to any  increases in the school budget any given year.

Peter Bassano speaking to WPCNR after the meeting said that Kaeyer Garment & Davidson's contract with the district for supervising the project was still being negotiated and the percentage the architectural firm would receive based on the costs of the infrastructure was being vigorously negotiated. KG  & D according to the initial contract considered was to receive 8% of infrastructure costs under $5 Million, and 7% of new construction costs over $5 Million. Their contract was cost based.


 
Related Links
· More about Schools
· News by jfbailey


Most read story about Schools:
School Board: Time for New Leader. Yanofsky Inflexible.


Article Rating
Average Score: 4.5
Votes: 4


Please take a second and vote for this article:

Excellent
Very Good
Good
Regular
Bad



Options

 Printer Friendly Page  Printer Friendly Page

 Send to a Friend  Send to a Friend



alt Designed and hosted by WestchesterInternet.com  


White Plains CitizeNetReporter - "We Are There Because They Are Not." - Connie Desmond

White Plains CitizeNetReporter is an independent affiliate of The Westchester Network
and is dedicated to providing free community services through the internet
to the residents and organizations of the City of White Plains, New York.

WhitePlainsCNR.com is a division of White Plains CitizeNetReporter.
All copyrights reserved. Email our Editor at editor@whiteplainscnr.com.

Get your White Plains news on your Palm Pilot, Palm PC, or WAP-enabled phone. Click here to find out how!
Put White Plains news and headlines on your website! Click here to find out how!