MASTER FACILITY PLAN UPDATE
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● Goal:○ Finalize options
for concept testing
MFP Update Outline● Key factors● Master plan options● Bond issue● Operational costs &
impact● Recommendation
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IT’S EASY TO MAKE GOOD DECISIONSWHEN THERE ARENO BAD OPTIONS.
Robert Half4
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Updates
● Construction Cost Contingency● Bond Issue Scenarios● Operational Cost and Impact
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Bond Issue ● Components
○ Funding Amount○ Interest Rate - market driven○ Term - based on life of assets
● Current: two mills for bond retirement (1998 and 2010 issues)● Structure - net increase to taxpayers less than three mills● Other funding sources
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Funding Summary
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Operational Cost & Impact
● Staffing - Programming● Transportation - Option 2● Operations and Maintenance - Square
footage cost
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Operational Cost Summary
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Five Year Forecast ● Operational impact begins in fiscal year 2024
(2023-24 school year)● Cash Reserve
○ Complete Science Renovation in Summer 2019○ Increase capital project allocation - FY19 and
FY20○ Transportation
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RECOMMENDATION
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