Cost
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Cost Total cost is up to $8,645,000 $500,000 from Capital Reserve Fund $8.145 million bond for the balance.
description
Cost. Total cost is up to $8,645,000 $ 500,000 from Capital Reserve Fund $8.145 million bond for the balance. . Cost Breakdown. Declining Debt Level. Two Bonds Currently Outstanding 1995: $3.972 Million with Last Payment in 2014 Current Annual Net Debt Service of $226,000 - PowerPoint PPT Presentation
Transcript of Cost
Cost Total cost is up to $8,645,000
$500,000 from Capital Reserve Fund $8.145 million bond for the balance.
Cost Breakdown
$4,053,208
$2,368,757
$1,411,162
$822,256 Building Renova-tionsIn-Kind Track and Field ReplacementAdd Geo-Turf Syn-thetic FieldAdd Regulation Track
Declining Debt LevelTwo Bonds Currently Outstanding
1995: $3.972 Million with Last Payment in 2014Current Annual Net Debt Service of $226,000
2003: $9.925 Million with Last Payment in 2017Current Annual Net Debt Service of $543,456
Total Annual Net Debt Service $769,456
$8.165 Million in New DebtFirst Year Net Debt Service (2015/16) of $156,000Subsequent Annual Net Debt Service $490,000
Tax ImpactAnnual tax over 15-year life of bond for average assessed house
$78
$45
$27
$16 Building Renova-tionsIn-Kind Track and Field ReplacementAdd Geo-Turf Syn-thetic FieldAdd Regulation Track
Hillside Elementary Roof Replacement on the K-2 wing of the building 36 Univents to improve air quality and heating in
classrooms Classroom and Fire Doors to meet current safety standards Floors of the All Purpose Room (large gym) and the lower
wing Exterior Masonry – repointing of brick work Electrical Upgrade Ceiling and Wall finishes
Farragut Middle School Roof Replacement on the Middle School
Auditorium Exterior Masonry – repointing of brick work
and parapets Electrical Upgrade Boiler Burner – Replacement of 50-year old
equipment
Hastings High School Roof Replacement on the Cochran Gym Renovation of the High School Auditorium
including Seating, Lighting and Sound Systems, Flooring, Curtains, Rigging, and Stage Resurfacing
Interior Ceiling and Wall finishes
Reynolds Field Install a Regulation 400-meter track Install a Geo-turf synthetic field Install a sidewalk on Chauncey Lane Replace bleachers in similar style Add 15-foot lights around track – NO
stadium lighting Refinish all tennis courts (one being
relocated) Relocate playground to grassy area south
of tennis courts
Beginning and End of Season Upper Burke Field
Bleacher Replacement
What Kind of Lights?
Maintenance Cost ComparisonNatural Geo-turf
Weekly Mowing and Sweeping $1,400
General Maintenance, Lining, Set-up, etc.
$7,800 $5,200
Aeration 6x Year $1,270
Natural turf renovation (biennial) $3,100
Routine Irrigation, Inspection, Repairs $800 $500Irrigation water $6,000 $2,000Infill Replacement Allowance $3,500
Total $20,370 $11,200
15-Year Cost ComparisonGrass Geo-turf
Installation Costs $520,300 $1,706,100Annual Depreciation of Install $26,690 $79,298Expected Life Span 5 8Annualized Cost of Resurface $36,000 $61,875Annual Maintenance $20,370 $11,20015-Year Annualized Cost $60,024 $87,702Annual Difference $27,679
15-Year Cost ComparisonNatural Geo-turf Sand-Based
Installation Costs $520,300 $1,706,100
$1,100,000
Annual Depreciation of Install
$26,690 $79,298 $53,376
Expected Life Span 5 8Annualized Cost of Resurface
$36,000 $61,875 $36,000
Annual Maintenance $20,370 $11,200 $45,00015-Year Annualized Cost
$60,024 $87,702 $105,884
Annual Difference to Natural Grass
$27,679 $45,772
