Voters in the North Shore School District approved a proposed bond of $39.89 million to repair the school’s infrastructure.
The district, which includes Glenwood Landing, Glen Head, Sea Cliff, Brookville and parts of Roslyn Harbor and Greenvale, received more than 1,400 votes on Tuesday night, with 955 residents voting yes and 512 voting no.
According to the district, the bond will cost $39,899,786. Of that amount $19,318,705 will go to instructional projects, $13,565,192 to infrastructure projects, $4,014,787 to health, safety, and security projects, $2,709,547 to air conditioning, and $291,555 to other necessary site work.
The district’s school board had voted to hold a referendum on the bond, which would fund renovations in all five of the district’s schools.
District Superintendent Peter Giarrizzo said in a statement that the bond would provide a “unique” opportunity for the district.
“The District consulted with our Bond Counsel to calculate the borrowing power that would not cost our taxpayers any additional money,” Giarrizzo said. “They advised us that we could achieve this goal if the proposed bond was under $40 million. This is a unique, if not, rare opportunity that will allow us to address the major safety, security, infrastructure, and instructional needs of the North Shore Schools as the proposed projects are too large in cost to be addressed within our annual budgets.”
Giarrizzo also said that an approved bond was projected to result in estimated principal and interest payments “at or below” the district’s current annual bond payments.
The district’s Board of Education was to meet Thursday, Dec. 12 at 7:45 p.m. in the library at North Shore High School.
