Cringle said the move is also proposed as the district has recently entered into a sales agreement for the former Dannemora Elementary building, which currently houses the district's main offices, and the former Cadyville Elementary School building in the hamlet of Cadyville. Though Cringle said he is not at liberty to discuss the terms and conditions of the agreement because of a confidentiality clause, if the sale does come to fruition, the district office will have to be relocated.
"It's very, very promising to the district," Cringle said of the agreement.
According to the Clinton County Office of Real Property, the assessed value of the former Dannemora Elementary building is $1,286,300 and the former Cadyville Elementary building is assessed for $500,000.
The sale of the properties would help offset the local share of the proposed project, which is expected to be extended over 15 years, yet "minimal," said Cringle. Ninety percent of the cost of the project is expected to be reimbursable by state aid.
In a brochure mailed to homes within the school district, Cringle stated it was the opinion of the school board and administration the proposal is "in the best interests of the students and taxpayers to do it now, when we can take advantage of the additional state funds to mitigate the local tax impact instead of being forced to make necessary repairs and replacements using local dollars from the annual operating budget."
"I would say this is as a cost-effective and practical and prudent project as there is," said Cringle.
If the project is approved by the voters, Cringle said it would be at least two years until construction of the elementary school addition and improvements are complete. The state Department of Education would also have to approve the project.
"That's normally a half-year process, if not, longer," said Cringle.