Oakwood board votes to issue $40M in bonds for renovation work

Smith Elementary School in Oakwood, shown Tuesday, Jan. 14, 2025, and Harman Elementary School are the focus of the second phase of the district's master facilities plan to be funded by May bond levy. JEN BALDUF/STAFF

Credit: Jen Balduf

Credit: Jen Balduf

Smith Elementary School in Oakwood, shown Tuesday, Jan. 14, 2025, and Harman Elementary School are the focus of the second phase of the district's master facilities plan to be funded by May bond levy. JEN BALDUF/STAFF
OAKWOOD
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49 minutes ago
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The Oakwood Board of Education voted to issue $40 million in bonds for renovation work focused on Harman and Smith elementary schools.

Voters in May approved a 4.75-mill, 33-year bond levy to fund upgrades to the district’s elementary schools, Treasurer Laura Sauber said at the board’s Monday meeting.

The levy is expected to cost taxpayers $165.90 a year for each $100,000 in appraised house value, according to the district.

ExploreState to chip in $18.4M for Oakwood Schools renovations

The district also is eligible for 29% funding toward approved renovation costs through the Ohio Facilities Construction Commission, which is expected to give final approval in January.

The renovation budget is $63,288,671, with a local share of $44,934,956 and state share of $18,353,715, according to the agreement between Oakwood Schools and OFCC.

Renovation work will include HVAC and roofing, electrical systems updates, masonry and ceiling repairs, improved lighting and security and American with Disabilities Act work to make the buildings better accessible. The OFCC funding will allow the district to replace windows, floors and furniture without additional tax dollars, according to Oakwood Schools.

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Jen Roppel Balduf covers the communities of Kettering, Oakwood and northern Warren County, including Springboro and Franklin. She earned a bachelor of science in journalism degree from Ohio University.