Demolition, site work and new construction of an educational facility in North Olmsted, Ohio. Working plans call for the demolition of a educational facility; for the construction of a educational facility; and for site work for a educational facility.

https://rebusinessonline.com/dwight-capital-provides-37-7m-construction-loan-for-interurban-apartment-homes-expansion-in-billings-montana/ BILLINGS, MONT. -- Dwight Capital has provided a $37.7 million HUD 221(d)(4) construction loan for InterUrban Apartment Homes Phase II, a proposed multifamily expansion project in Billings. The borrower is Montana-based Stock Development. Situated on more than 10 acres, the community will feature six three-story, garden-style buildings and a one-story clubhouse. The 216 units will offer patios, soundproofing, in-unit washers/dryers and smart home packages, which include remote access to HVAC, lighting and security. The buildings will be constructed to National Green Building Standard Bronze guidelines, which enabled the borrower to qualify for a Green Mortgage Insurance Premium Reduction set at 25 basis points. Brandon Baksh of Dwight Capital originated the transaction for the borrower. Dwight Capital also provided a $24.4 million HUD 223(a)(7) loan for the first phase of the property in April 2020. _____________________________________________________________________________________________________________________________ https://www.cleveland.com/community/2022/07/after-spring-defeat-north-olmsted-city-schools-district-returning-to-fall-ballot-with-new-money-levy.html NORTH OLMSTED, Ohio -- Less than three months after 58 percent of residents voted down the North Olmsted City Schools District's combined 7.8-mill operating levy and bond issue, the board of education last week approved putting the exact same new-money ask on the Nov. 8 ballot. "Our financial needs are serious; we can't cut our way out of this," North Olmsted City Schools Superintendent David J. Brand said. "We made significant cuts already. Any additional cuts would be catastrophic. We know that we can provide a better education at lower costs to our taxpayers through this combined levy." If approved, the November ballot issue -- which will cost a $100,000 homeowner $22.75 per month -- will cover not only future operations but also the construction of the new $58 million PreK-5 building on the current Birch Primary School location. As for why the district is hopeful for a different outcome compared to May's results, the superintendent said that's tied to clarity and the timing of the fall ballot "May had some challenges," Brand said. "There were some confusion as far as being able to communicate a date. "We know now that we'll be on the Nov. 8 ballot. That allows the levy committee to have much more time to get out, go door to door and make sure people are fully educated on the plan and how it benefits all of North Olmsted now and in the future." In addition to closing Forest Primary and Spruce Primary schools, the district over the last year made more than $3 million in reductions. This includes reductions in staffing, transportation to state minimum busing, budgets and course offerings, as well as increasing pay-to-participate fees. Currently in its 11th year without additional local funding, the district forecast shows by the end of 2025 it will be completely out of funds. A failed levy means additional cuts that the superintendent said would drastically impact education without addressing the issue. In related news, the district is using the $4 million it's receiving from the sale of the schools to cover the purchase of a 3-acre Lorain Road hotel property that once removed gives Birch Primary School access to the busy thoroughfare. The remaining dollars will be baked into the combined levy amount, which is why the district -- despite rising costs -- is able to go back to voters for the same ask. The superintendent noted these are precarious times for the North Olmsted City Schools. "The district has done a phenomenal job using its funds and reducing more than 100 staff members since the last time an operating levy was passed," Brand said. "We have to make sure we get out, educate the community and provide opportunities to make sure they understand what all is at stake but, more importantly, what's the benefit because this is a very special levy. It'll end up being the lowest-cost option for our community now and in the future." _____________________________________________________________________________________________________________________________ https://www.cleveland.com/community/2022/06/north-olmsted-city-school-district-announces-additional-1-million-in-cuts-for-2022-2023-school-year.html NORTH OLMSTED, Ohio -- As promised when residents last month voted down a combined 7.8-mill new-money issue, the North Olmsted City School District recently announced $1 million in cuts for the 2022-2023 school year. This includes the elimination of 14 positions and reduced course offerings. "The cuts we have are hard," Superintendent David J. Brand said. "They're good people who have done great things for the district. "It'll be more than 120 fewer staff members next school year than the last time a levy was passed in 2010." The recent move is on top of a previous $2 million in cost reductions, which includes $1.2 million in savings from cuts in personnel, as well as an anticipated $800,000 in savings related to the closing of Forest and Spruce primary schools at the end of this school year. "At this point, we've cut more than $3 million going into next year," Brand said. "So the district made reductions, but any future cuts will be catastrophic to the educational environment." Additionally, the district will implement state-minimum bus transportation, which means providing transportation only to K-8 students who live more than two miles away from their school. High school students will not be bused. The district is also reinstating transportation fees for athletics and extracurricular activities beginning next school year. Details on extracurricular fees and course offerings will be announced this summer. The cost-cutting measures are tied to mitigating flat funding and an anticipated deficit. The most recent ballot box defeat comes exactly a year after residents also voted down an 8.5-mill operating levy. "We're still reflecting on what the community told us," Brand said. "It showed us we need to communicate more and make sure all of the community hears how this plan saves money and improves education while being the lowest cost option for everybody." Social media response to the district's levy effort hasn't been kind. Residents questioned its timing based on high inflation and rising costs. While Brand said he understands the current economic climate, which finds North Olmsted City Schools paying higher fuel costs, he noted that as the district stands, its remaining half-century-old elementary school buildings over the next decade will require $60 million in major improvements. The impetus for the recent new-money issue was to cover not only future operations for a district currently experiencing decreased enrollment, flat funding and a future financial deficit, but also the construction of a new $58 million PreK-5 building at the roughly 20-acre Birch Primary School site. As far as going back to the voters this fall with the same or another new-money issue, Brand said a district decision will be forthcoming before the Aug. 10 deadline for the November ballot. _____________________________________________________________________________________________________________________________ https://www.cleveland.com/community/2022/04/north-olmsted-city-schools-readies-community-for-issue-1-names-birch-primary-school-site-for-new-prek-5-building.html NORTH OLMSTED, Ohio -- As if putting a tax-increase issue on the ballot isn't stressful enough, North Olmsted City Schools had to wait patiently for the protracted redistricting effort out of Columbus to play itself out. Now that the May 3 ballot date is officially a go, North Olmsted City Schools Superintendent David J. Brand said the district is moving ahead promoting Issue 1. If approved, the combined 7.8-mill new-money issue -- costing a $100,000 homeowner $22.75 per month -- will provide funds for operations as well as the construction of a new PreK-5 building at the roughly 20-acre Birch Primary School site. "We are on for May 3," Brand said. "There's a lot of positivity about this project. It's been a collaborative effort among lots of folks involved. It has good economic impact for the city and across the community. "I believe it will also enhance the community at the lowest dollar value we can ask for short and long-term." A major reason why Brand feels there's momentum behind the passage of Issue 1, which is on the ballot exactly a year after residents voted down an 8.5-mill operating levy, has to do with the district making $2 million in cost reductions. That includes a $1.2 million savings from cuts in personnel, as well as an anticipated $800,000 in savings related to the closing of Forest and Spruce primary schools at the end of the school year due to district enrollment declining 17 percent over the past 15 years. "People are appreciative of the district making $2 million worth of reductions," Brand said. "There's a lot of good energy about that. The levy committee will be working hard for the next month to make sure every resident is aware of how positive this is for our community as a whole." As for the proposed new PreK-5 building planned for the Birch Primary School site, that announcement was made last week as the recommended location by the 45-member task force comprised of civic, business, educational, neighborhood and parents. "That process was amazing," Brand said. "It was great to see all of the community members from different walks of life and different backgrounds coming together and assessing our options for what's best for our community as a whole. "The discussions were very good. I really do think it's very rare to have an unanimous decision." The decision came down to Pine Intermediate School and Birch Primary School, with the latter being the dark horse considering its location tucked away in a neighborhood setting at 24100 Palm Drive. "At first, Birch was a little surprising thinking we'd have to come off Palm Drive, but looking at it and realizing we could get to the Lorain Road and Walter Road intersection from the site it became attractive," Brand said. "We wouldn't be disrupting the neighborhood." The plan calls for the district to acquire a more than 3-acre motel located at the intersection. "We're blessed here in North Olmsted as a school district having some properties with a bit of acreage to them," Brand said. "At Birch Elementary School, having Lorain Road will be drastically better and safer." ____________________________________________________________________________________________________________________________ Funding / Estimated Budget Total Project Cost $58,000,000.00 State Funding $NA Construction Cost $49,000,000.00 Other Funding $NAt The North Olmsted City School District requests qualifications (RFQ) from interested firms to provide Construction Manager at Risk services for its Elementary School Building Consolidation and Construction of New PK-5 Project (the "Project"). The planned improvements for the Project include consolidation and potential construction of a new PK -5 School related site improvements, and abatement and demolition of an existing schools, through the Ohio Facilities Construction Commission's ("OFCC") Expedited Local Partnership Program ("ELPP"). The District reserves the right to add other improvements to the scope of services if sufficient funds are available. Services required include working with District and the Architect for planning & design, preconstruction and at risk construction, and close-out of the Project. Firms must be experienced in the CMR delivery method, including scheduling, cost estimating, constructability review, GMP and open book pricing, and have experience in public school construction, including working with the OFCC; specific criteria and other information are included in the RFQ. Interested firms may obtain a copy of the RFQ on the districts website. Questions regarding the RFQ should be sent to Steve Shergalis at sshergalis@gmail.com. CM Preconstruction Services Start 12 / 21 Construction Stage Notice to Proceed 03 / 22 Substantial Completion of all Work 07 / 25 CM Services Completed 12 / 25 Percent of the CMs total compensation excluding CMs Contingency* 0.0% Shortlist Confirmed