SLEEPY HOLLOW, N.Y. -- Residents voted Tuesday to approve two Tarrytown School District capital improvement bond propositions for a combined project that will total $8.8 million include installation of new all-weather athletic fields.
District officials proposed the two bonds to address immediate needs. The vote was 678-437 in favor of Proposition One and 635-484.
Residents can expect to pay an average of $3.75 to $18.43 per month depending on property tax rates, starting in the 2016-17 school year.
Proposition One, which totals $8.05 million, will pay for a multi-purpose synthetic turf field at the high school, an elevator and lift system at Winfield Morse School, roof replacements, ventilation system upgrades, and other work.
Proposition Two, totaling $1.65 million, which was attached to proposition one, which passed, will fund the installation of a turf field on the lower field at Washington Irving School.
The bonds plan uses $800,000 from district reserves and $70,000 in private donations, including a donation from the family of the late Howard Godwin, husband of Board of Education President Mimi Godwin, the district plans to borrow $8.84 million of 15 years, with an expected interest rate of about 4.5 percent.