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November 2018 Bond Referendum Discussion

This discussion focuses on the School Board's 5-Year Capital Improvement Plan (CIP) request for the November 2018 bond referendum. It includes cost estimates, seat deficits, high school redesign, learning space modernization, and Scottsville improvements.

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November 2018 Bond Referendum Discussion

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  1. November 2018 Bond Referendum Discussion May 24, 2018

  2. Schedule

  3. School Board 5 Year CIP Request* *Does not include maintenance/replacement projects. Amounts in millions. Figures updated since SB’s original request to reflect inflation and increase estimates for the cost of land. Do not include project management (PM) fees.

  4. School Board 2 Year CIP Request* *Does not include maintenance/replacement projects. Amounts in millions. Figures updated since SB’s original request to reflect inflation and increase estimates for the cost of land. Do not include project management (PM) fees.

  5. #1a High School Center • Costs are calculated by same square foot/student and cost/square foot assumptions. • Leased options may provide more space for additional students at lower cost/student in the short term.

  6. Projected Seat Deficits 561 478 396 Additional Seats Needed School Year

  7. #1b AHS & WAHS High School Redesign

  8. #2 Learning Space Modernization • Funding would go to the following categories. The Board will prioritize in detail once funding amount is finalized: • Elementary Classroom Furniture Replacement • Middle School Classroom Renovations • Media Center Renovations • Daylighting Improvements

  9. #3 Scottsville Improvements *Classroom Addition would also include septic system replacement

  10. Starting Point Scenarios for Discussion 1The equity equivalent to pennies on the tax rate is the incremental amount above the 4.3 cents previously modeled. The equity is for costs associated with the project, debt service, and operating impacts. Preliminary estimate only. We will work with county staff to confirm. *Amount equal to original request ^ Project Total does not includes costs associated with issuing borrowed proceeds, operating impacts, or debt service

  11. Project Timing 1a 1b 2 3

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