Parette Somjen Architects

District anticipated interest rate of 4.2% — bond sold to RBC Capital Market with a rate of 3.52%.

District to receive $58 million from the state, covering 31% of projects deemed eligible for aid.

Cost of long term facilities plan could be reduced by a third for taxpayers.

Applications will be submitted to N.J. by May 5, for reimbursement of between 28% and 34%

Estimated impact on average taxpayer: $870 by the fifth year.

The bond proposal being developed would include more than HVAC upgrades.

But remaining components not expected until the spring.