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Facilities Development Essentials: Charter Schools

Learn about leasing vs. owning, site assessment, costs, design, and construction in charter school facility development. Explore real examples and financing options.

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Facilities Development Essentials: Charter Schools

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  1. What You Need to Know About Facilities Development Thursday, December 1, 2011

  2. Presenters • Brian Keenan-BWP • Eric Felczak-BWP • Rachel Jones-NYCSA • Jill Norton-Enterprise Charter Agenda • Overview Leasing/Owning • Site Assessment/Section • Costs/Financing • Design, Bidding & Construction

  3. About Us Build with Purpose is a nonprofit real estate development organization specializing in charter facilities such as charter schools. Since our inception in 2003 we have developed 16 charter schools with total development costs exceeding $120 million serving 5,500 children.

  4. An Integrated Approach • Charter Schools- Working to take the burden of facility development off the hands of charter schools so they can focus on education. • School Gardens Initiative- Increasing access to healthy foods by establishing healthy living practices, finding sustainable resources, and providing healthy meal options in schools. • Energy Institute- Bringing a variety of nonprofits energy efficiency and renewable energy options. • Community Organizing—Establishing direct service with the groups we serve and their communities through a partnership with the Jesuit Volunteer Corps.

  5. Essentials Leasing vs Owning • When does it make sense to lease vs. owning? • What are the cost averages • Start-up considerations • Credit worthiness

  6. Site Assessment/Selection • Types of property • Environmental Conditions • Location, location, location • Cafagymatorum/Gotta have it • Competition

  7. Costs/Financing The 100 sq ft rule The $125/$275 rule Not credit worthy Equity Free money How to control costs

  8. Design, Bidding & Construction • What comes first the chicken or the egg? • Phases in the design process • When is it too late to make a change? • What’s the architect’s job? • What is a change order? • What is the contractor pricing?

  9. Facilities Construction and Legal Requirements

  10. Best Practices Examples

  11. Facilities Financing Options

  12. Build with Purpose Portfolio Newark Educators’ Community Charter School • Newark, NJ • Completion Date: August 2009 • Size: 28,000 sq. ft. • Students Served: 450, K-8 • Architect: Newwork LLC • Contractor: Artco Contracting and Development • Total Interior Development Costs: $1 Million • Financing/Lender: Victoria Foundation

  13. Build with Purpose Portfolio Jersey City Community Charter School • Jersey City, NJ • Completion Date: November 2008 • Size: 24,000 sq. ft. • Students Served: 600, K-8 • Architect: Jamel Kizel • Contractor: La Rocca • Total Development Costs: $7.7 Million • Financing/Lender: The Reinvestment Fund

  14. Build with Purpose Portfolio Teaneck Community Charter School • Teaneck, NJ • Completion Date: August 2009 • Size: 36,000 sq. ft. • Students Served: 306, K-8 • Architect: Gertler & Wente Architects • Contractor: La Rocca • Total Development Costs: $11 Million • Financing/Lender: Hamlin Capital and New Jersey Community Capital-Tax Exempt Bonds

  15. Special Thanks to Today’s Host The Mission Statement of the Enterprise Charter School is- Engaging young minds through projects and partnerships. The Vision of the Enterprise Charter School is to provide students with the knowledge, skills and dispositions to grow and problem solve, giving them the resources to lead and succeed in the school and the community at large.

  16. Thank You! www.bwpurpose.org www.nycsa.org www.enterprisecharter.org

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