MSBA Board Approves $22.9M Grant for New Templeton Center Elementary School
November 18, 2015
State Treasurer Deborah B. Goldberg, Chair of the Massachusetts School Building Authority (MSBA), and MSBA Chief Executive Officer Maureen Valente today announced that the MSBA Board of Directors voted to approve a grant of up to $22.9 million for the new Templeton Center Elementary School. One of the next steps is for the District and the MSBA to enter into a Project Funding Agreement, which will detail the project’s scope and budget, along with the conditions under which the District will receive its MSBA grant.
“Upon completion, the new school in Templeton will provide a 21st century learning environment for area students,” Treasurer Goldberg said. “Our goal is to create the best space to deliver the district’s educational commitments and goals.”
The new 92,735 square-foot school will be built based on a design enrollment of 580 students in Kindergarten through grade 5. The MSBA will contribute 63.11% of eligible costs toward the project, for a total grant of up to $22,928,897. The current school was built in 1942 and suffers from deficiencies in major building systems including mechanical, electrical, plumbing and windows.
“The new Templeton Center Elementary School will replace an aging building with a modern learning facility,” stated Chief Executive Officer Valente. “Students will soon have a beautiful new space which will undoubtedly enhance and improve their ability to excel in the classroom.”
The MSBA partners with Massachusetts communities to support the design and construction of educationally appropriate, flexible, sustainable and cost-effective public school facilities. Since its 2004 inception, the Authority has made over 1,650 site visits to more than 250 school districts as part of its due diligence process and has made over $11.7 billion in reimbursements for school construction projects.
The new 92,735 square-foot school will be built based on a design enrollment of 580 students in Kindergarten through grade 5. The MSBA will contribute 63.11% of eligible costs toward the project, for a total grant of up to $22,928,897. The current school was built in 1942 and suffers from deficiencies in major building systems including mechanical, electrical, plumbing and windows.
“The new Templeton Center Elementary School will replace an aging building with a modern learning facility,” stated Chief Executive Officer Valente. “Students will soon have a beautiful new space which will undoubtedly enhance and improve their ability to excel in the classroom.”
The MSBA partners with Massachusetts communities to support the design and construction of educationally appropriate, flexible, sustainable and cost-effective public school facilities. Since its 2004 inception, the Authority has made over 1,650 site visits to more than 250 school districts as part of its due diligence process and has made over $11.7 billion in reimbursements for school construction projects.
The grant is up to, which means no more than and does not really mean 22.9 million, it means no more than. It is also 63.11% of eligible costs, not 63.11% of the total cost of the project. Big difference there.
posted by Jeff Bennett
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