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Building and Site Sinking Fund

THANK YOU!

 

Lake Orion Community Schools would like to thank the voters in Orion Township and other communities in the area where students attend our schools for approving the Building and Site Sinking Fund last August.  A dedicated source of funding is needed for long-term facility repairs, renovations and replacement projects.

This work will help provide the district’s 7,600 students, staff members and community with safe and functional educational facilities.  The 2 mill sinking fund will generate approximately $3.5 million annually for ten years. 

About one-third of the State's public school districts currently have a sinking fund in place to address their facility needs, including 12 of 28 districts in Oakland County.

 

PRIORITY WORK

There currently are more than $40 million in facility projects proposed for Lake Orion schools.  The building and site sinking fund will enable improvements to every building in the district.  The types of major facility renovation and repair projects include boiler and chiller replacement, roof repairs, restroom upgrades, parking lot and sidewalk repairs, carpeting and floor tile replacement, lighting system upgrades, energy management system updates, network infrastructure improvements, eligible security system upgrades, window and door replacement and more.

 

LEARN MORE

To learn more about the building and site sinking fund, click on the links below:

Orion Township/LOCS Safe Routes to School Proposal

Building and Site Sinking Fund Update 2-24-17

Building and Site Sinking Fund Update 12-14-16

What is a Building and Site Sinking Fund?

Building and Site Sinking Fund Facts

Building and Site Sinking Fund Q&A

Building and Site Sinking Fund PowerPoint Presentation

Building and Site Sinking Fund Proposed Project List

Building and Site Sinking Fund District Projects Poster

Building and Site Sinking Fund Poster

Absentee Voter Information

Ballot Proposal Language

School Finance Informational Presentation

News Article - The Oakland Press, April 28, 2016

"Operations Director shows how a sinking fund would benefit aging schools," Lake Orion Review, June 30, 2016