projects

Quick Updates

  • June 11, 2019: Bethel recently sold $150 million worth of bonds at $1.42 per thousand dollars of assessed value. Keeping our promise to taxpayers, this is the same rate that was shown in the voter’s pamphlet. We were planning for the possibility of higher interest rates (4.95%) during the sale, but the true interest cost at the time of sale was 2.94% This saved us $35 million in interest. This is the first set of bonds to be sold to fund the projects outlined in our voter-approved School Construction Bond. We are anticipating selling the next set in 2021.

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  • June 11, 2019: The School Board has authorized the Superintendent and the Director of Construction and Planning to take such steps as necessary to conduct a feasibility evaluation of land for an elementary school site within Lipoma Communities, in coordination with legal counsel review as appropriate, and to engage such necessary engineering consultants to facilitate such evaluation.

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  • May 16, 2019: The district’s bond rating was recently reevaluated, and we still stand strong with an Aa2 rating. Only six of the 295 districts in the entire state have a higher rating.

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  • April 23, 2019: The School Board passed two resolutions anticipating the first sale of bonds in July 2019 to move forward with construction of new buildings: Resolution 15 and Resolution 16.

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  • March 26, 2019: Bond Sale Planning Presentation to School Board

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  • March 26, 2019: The bid for the Challenger High School Phase II project has been awarded to Christensen, Inc of Tumwater, Washington.

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  • March 12, 2019: NAC Architecture of Seattle, Washington has been selected as the design team for the new Bethel High School.

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