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Bonds sold Tuesday for Preschool, Senior Center

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A rendering of the new Oak Ridge Preschool at Scarboro Park. (Image courtesy City of Oak Ridge/Studio Four Design)

A rendering of the new Oak Ridge Preschool at Scarboro Park. (Image courtesy City of Oak Ridge/Studio Four Design)

 

Bonds sold Tuesday morning for three construction projects: Oak Ridge Preschool, Oak Ridge Senior Center, and Scarboro Park renovations.

The bonds sold at 10:15 a.m. Tuesday, Oak Ridge City Manager Mark Watson said.

There were six competitors. Fidelity Capital Markets had the low bid, with an interest rate of 3.613651 percent.

It’s considered a good interest rate. Anything below 4 percent is good, Watson said.

There wasn’t a large spread between the six bidders. The highest bidder had an interest rate of 3.720288. [Read more…]

Council to consider bond resolution for Preschool, Senior Center Monday

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A rendering of the new Oak Ridge Preschool at Scarboro Park. (Image courtesy City of Oak Ridge/Studio Four Design)

A rendering of the new Oak Ridge Preschool at Scarboro Park. (Image courtesy City of Oak Ridge/Studio Four Design)

 

The Oak Ridge City Council will consider a resolution this evening to issue up to $13.75 million in bonds so the city can build a new preschool and senior center, and make improvements at Scarboro Park as part of the preschool project.

The special meeting starts at 6 p.m. Monday, October 29, in the Oak Ridge Municipal Building Courtroom at 200 South Tulane Avenue.

Council approved an initial bond resolution of up to $16.5 million for the preschool and senior center projects during a meeting on Monday, September 10. That amount is higher than the amount of tonight’s bond resolution. Some savings have been realized compared to original estimates, Oak Ridge City Manager Mark Watson said in a memo to Council members. [Read more…]

Council approves construction contracts for Preschool, Senior Center

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A rendering of the new Oak Ridge Preschool at Scarboro Park. (Image courtesy City of Oak Ridge/Studio Four Design)

A rendering of the new Oak Ridge Preschool at Scarboro Park. (Image courtesy City of Oak Ridge/Studio Four Design)

 

The Oak Ridge City Council has approved two construction contracts worth $11.1 million total for two projects that have been discussed for years: a new Oak Ridge Preschool and new Oak Ridge Senior Center. The Preschool contract includes improvements at Scarboro Park, where the Preschool will be built.

Both contracts were awarded to Jenkins and Stiles LLC of Knoxville. Council approved them in two 7-0 votes during a special meeting on Thursday afternoon.

Both projects will be funded through general obligation bonds, a type of debt. The bonds could go to market in November and close in December.

The first contract awarded Thursday is for the construction of the Preschool and improvements to Scarboro Park. It is worth up to about $8.4 million. The Preschool is expected to be complete by November 30, 2019.  [Read more…]

Council to consider $11.1 million in construction contracts for Preschool, Senior Center

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A rendering of the new Oak Ridge Preschool at Scarboro Park. (Image courtesy City of Oak Ridge/Studio Four Design)

A rendering of the new Oak Ridge Preschool at Scarboro Park. (Image courtesy City of Oak Ridge/Studio Four Design)

 

The Oak Ridge City Council in a special meeting on Thursday will consider $11.1 million in construction contracts for the new Oak Ridge Preschool, Oak Ridge Senior Center, and Scarboro Park improvements.

The contracts could both be awarded to Jenkins and Stiles LLC of Knoxville.

There were four bidders for the Senior Center project and three for the Preschool and Scarboro Park improvements, according to Jacene Phillips, senior project manager for Studio Four Design. Her company recommended both contracts be awarded to Jenkins and Stiles because of cost, but also because the Senior Center could be operating two months earlier under that contract than under any other bid and the Preschool would be complete three days before it would be under the other bids, Phillips said.

Both projects would be funded through general obligation bonds, a type of debt that could be issued in November.

The first contract that could be awarded Thursday is for the construction of the Preschool and improvements to Scarboro Park. The contract would be worth up to about $8.4 million. The Preschool would be built at Scarboro Park. [Read more…]

Council approves initial bond resolution for Preschool, Senior Center

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A rendering of the new Oak Ridge Preschool at Scarboro Park. (Image courtesy City of Oak Ridge/Studio Four Design)

A rendering of the new Oak Ridge Preschool at Scarboro Park. (Image courtesy City of Oak Ridge/Studio Four Design)

 

The Oak Ridge City Council on Monday unanimously approved an initial bond resolution of up to $16.5 million to build a new Oak Ridge Preschool and Oak Ridge Senior Center, and redevelop Scarboro Park.

It’s not the final bond resolution for the projects. The initial bond resolution approved in a 7-0 vote on Monday sets a ceiling amount for the debt issuance. A second resolution, a bond issuance resolution, will be brought to City Council, possibly at the October 8 meeting, for the actual bond issuance amount.

The City of Oak Ridge has opened the bidding period for the two projects, which have a total estimated cost of roughly $16 million. That announcement was made Friday.

But the city doesn’t know yet what the actual bids will be. And it’s not clear how steel tariffs might affect the projects, Oak Ridge City Manager Mark Watson said. [Read more…]

City Council to consider $16.5 million in bonds for Preschool, Senior Center projects

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A rendering of the new Oak Ridge Preschool at Scarboro Park. (Image courtesy City of Oak Ridge/Studio Four Design)

A rendering of the new Oak Ridge Preschool at Scarboro Park. (Image courtesy City of Oak Ridge/Studio Four Design)

 

The Oak Ridge City Council on Monday will consider whether to issue bonds of up to $16.5 million to build a new Oak Ridge Preschool and Oak Ridge Senior Center, and redevelop Scarboro Park.

The two projects have an estimated cost of roughly $16 million, according to the City Council agenda for Monday. The bond resolution includes about $500,000 extra for the costs of issuing the bonds and for project contingencies.

The Preschool and Scarboro Park improvements have a total estimated cost of about $12.5 million. About $11.1 million of that is for construction.

The Senior Center has a total estimated cost of roughly $3.5 million. About $3.1 million of that is for construction. [Read more…]

Oak Ridge opens bidding for Preschool, Senior Center

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A rendering of the new Oak Ridge Preschool at Scarboro Park. (Image courtesy City of Oak Ridge/Studio 4 Design)

A rendering of the new Oak Ridge Preschool at Scarboro Park. (Image courtesy City of Oak Ridge/Studio Four Design)

 

The City of Oak Ridge has opened the bidding period for two major projects: the new Oak Ridge Preschool with Scarboro Park improvements and the new Oak Ridge Senior Center. Interested parties must submit bids before the deadline early next month. Studio Four Design Inc. of Knoxville is the architectural firm chosen to design both buildings.

The new preschool will be a single-story facility of about 33,000 square feet on Carver Avenue. The build site is inside Scarboro Park, a roughly 10-acre parcel, a press release said. The project includes improvements to the adjacent park area such as lighted basketball/tennis courts, a baseball field, a public pavilion, green space, and a walking trail.

The current senior center is temporarily operating out of the Civic Center’s Recreation Building. The new senior center will be built next door, just to the west of the Recreation Center. The single-story, approximately 11,000 square foot facility will overlook part of A.K. Bissell Park. Plans include a large kitchen, craft and exercise rooms, billiards parlor, lounge, and other common space, the press release said. [Read more…]

Community meeting next week to discuss new preschool, amenities at Scarboro Park

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An image showing what the Oak Ridge Schools Preschool could look like in Scarboro Park. (Image courtesy City of Oak Ridge and Studio Four Design)

An image showing what the Oak Ridge Schools Preschool could look like in Scarboro Park. (Image courtesy City of Oak Ridge and Studio Four Design)

 

Project could move into bid phase in September

As plans progress for the new Oak Ridge Preschool and Scarboro Park improvements, Oak Ridge municipal leaders will provide an update on the project during a community meeting on Thursday, August 30. The meeting is scheduled from 5:30 to 7 p.m. next Thursday at the Scarboro Community Center. Discussions will focus on recreational amenities in Scarboro Park as well as the current status and next steps for the preschool, a press release said.

WHAT: Community meeting on Scarboro Park and new preschool

WHEN: Thursday, August 30, at 5:30 p.m.

WHERE: Scarboro Community Center, 148 Carver Avenue, Oak Ridge [Read more…]

Council to consider budget with two-cent tax rate increase

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oak-ridge-city-council-december-2016

The Oak Ridge City Council is pictured above in December 2016. (Photo courtesy City of Oak Ridge)

 

The Oak Ridge City Council on Monday will consider a budget with a proposed two-cent increase in the property tax rate and what would generally be a 2 percent pay increase for employees.

If approved by Council, the tax rate change would be the first increase in years. Oak Ridge Today reported that the budget approved last year was the 10th one in a row without a tax rate increase.

The two-cent increase in the property tax rate, which would raise it to $2.54 per $100 of assessed value, would help fund the bond repayments for the new Oak Ridge Senior Center, Scarboro Park renovation, and Oak Ridge Preschool, and also provide the city some “breathing room,” Oak Ridge City Manager Mark Watson said. The Senior Center, Scarboro Park, and Preschool projects are expected to cost about $13 million total.

Municipal officials said there has been a $750,000 shortfall in the current fiscal year, which ends June 30, in revenues from Roane County. That shortfall is attributed to some sales tax exemptions, and it is believed to mostly be from Oak Ridge National Laboratory, the major taxpayer in the Roane County portion of the city. The shortfall affected Oak Ridge this year and has been resolved this year, but the city had to use reserves, which affected money that could be used for capital projects in the next fiscal year, fiscal year 2019, which starts July 1, Watson said. [Read more…]

Updated: Council authorizes final design for Preschool, Senior Center

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Oak Ridge Pre-K School (Image by Studio Four Design via City of Oak Ridge)

Oak Ridge Pre-K School at Scarboro Park (Image by Studio Four Design via City of Oak Ridge)

 

Note: This story was updated at 9:45 a.m. May 15.

The Oak Ridge City Council on Monday authorized the final designs of the Senior Center and the Preschool and Scarboro Park Renovation. The two projects together could total about $13 million. The Senior Center and Preschool have been on the city’s wish list for a decade or two—or even longer.

Resolutions unanimously approved by City Council on Monday in 7-0 votes authorize Studio Four Design Inc. of Knoxville to proceed to the final construction design of the two projects. One project, the Preschool, would be at Scarboro Park, and the other, the Senior Center, would be at Alvin K. Bissell Park.

Oak Ridge City Manager Mark Watson told City Council members in May 9 memos that Studio Four Design, led by Jacene Phillips, has achieved 50 percent design on the two projects and reviewed the proposed designs with city, school, and Senior Advisory Board officials and “achieved consensus on design requirements.”

The more expensive of the two projects, the Oak Ridge Preschool and Scarboro Park Renovation, has a current estimated cost of $9,792,674, or close to $10 million.

The Senior Center could cost about $3 million. [Read more…]

Agenda change: No presentation on Preschool, Senior Center tonight

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Agenda change: The Oak Ridge City Council work session tonight (Tuesday, March 20) will not include a presentation or discussion related to the Oak Ridge Preschool project or the Oak Ridge Senior Center.

Both projects had been scheduled to be presented to City Council by Studio Four Design tonight.

“These items were removed in order to provide Studio Four Design representatives additional time to prepare new material for review,” the City of Oak Ridge said in a notice Tuesday morning. “Studio Four Design will be scheduled to present this new material to City Council and city staff at another meeting in the future.” [Read more…]

Council to review Preschool, Senior Center, Water Plant projects Tuesday

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The Oak Ridge City Council will review the Oak Ridge Preschool and Senior Center projects, and receive a briefing on the Water Plant project, during a work session on Tuesday.

The work session is scheduled to start at 6 p.m. Tuesday, March 20, in the Multi-Purpose Room in the Central Services Complex on Woodbury Lane, behind the Hobby Lobby shopping center.

The reviews of the Preschool and Senior Center projects are scheduled to be presented by Jacene Phillips of Studio Four Design. [Read more…]

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