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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