Margaret Mead Elementary School
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On April 30, 2020, Lake Washington School District (LWSD) sold a total of $118.85 million of tax-exempt refunding bonds, which will refinance $134 million of its existing debt, to take advantage of lower market interest rates. The refinancing will save the district’s taxpayers more than $18.6 million over the next nine years.
Energy-efficient design saves money in the long run. To implement energy-efficient features into its construction projects, Lake Washington School District (LWSD) applied for grants from Puget Sound Energy (PSE). The projects received grants that totaled $261,978.
Lake Washington School District (LWSD) staff regularly meets with representatives from Kirkland, Redmond and Sammamish to determine what new housing projects have been permitted and what that will mean for enrollment growth in our schools.
In addition, this year, LWSD worked with Flo Analytics, an outside planning, GIS and data-analytic consulting firm, to prepare long-range enrollment projections. Flo Analytics staff were complimentary of the district’s enrollment projection work to date, including the level of planning and detail they maintained.
Households around the district received the Building On Success Progress Report in mailboxes this month. It included an overview and progress updates on construction projects funded by the 2016 bond and the 2019 capital projects levy. If you missed it in the mail, be sure to view it online to learn more about:
Photo credit: Tim Rice Photography
This project will rebuild and enlarge Margaret Mead Elementary School. The Long-Term Facilities Task Force recommended this project.
Architect: BLRB Architects
Contractor: Lease Crutcher Lewis
Square Footage: 78,000
Capacity: 690 students
Spaces: 30 standard classrooms plus music, art/science rooms, ELL/SN/special education, library, cafeteria/commons, gymnasium, and outdoor covered play area
Estimated Project Cost: $44,987,000 (Includes construction costs of $26.5 million 2016 dollars, $12.7 million in non-construction costs, and $5.7 million in expected construction inflation)
Planned opening: September 2019
Remodel vs. Rebuild
A Remodel vs Rebuild Study concluded rebuilding a new school would be more cost effective than remodeling and enlarging the existing school. The current school consists of multiple small buildings made of cinder block. A new building would bring the entire school under one roof and limit access points into the building to enhance safety.
State construction assistance: Due to its age, the school became eligible for state funds for renovation or replacement in 2009. The district expects to receive $3 million in State Construction Funding Assistance for this project.
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