2012 BOND ISSUETOWN CENTER EXPANSION AND YOUTH SPORTS COMPLEX

2 ISSUES – ONE COMMUNITY

MARCH 6, 2012

2 ISSUES – ONE COMMUNITY

TOWN CENTER EXPANSION

• Increase the Library by approximately 7200 sq. ft.

• Increase the Large Meeting Room (Banquet Hall) by Approximately 3,500 sq. ft.

• Provide more area for community classes and children activities

NEW YOUTH SPORTS COMPLEX

• Build 6 new fields

• Build new concession and restroom facilities

• Kick start master plan for developing the south side of Wild horse park for baseball, football, soccer, and additional picnic and family areas.

MUSTANG POPULATION INFORMATION

• 2010 Census – 17,395 population

• 2010 Census for children 18 and under – 4,826 (27.7%) – The Future of Mustang

• 2010 Census for 18 and over – 12,569 (72.3%)

• 2010 Census for 65 and over – 1,934 (11.1%)

• 6,589 households, 2,662 with children (40.4%)

• Average age 35.6

Mustang – Community of Families

WHAT DOES IT COST?

Community Center Expansion $2,020,000

Youth Sports Complex $1,520,000

Bond Issuance Costs $60,000

Total Bond Package $3,600,000

TOWN CENTER EXPANSION

TOWN CENTER EXPANSION

• Increase the Library by approximately 7200 sq. ft.

• Increase the Large Meeting Room (Banquet Hall) by Approximately 3,500 sq. ft.

• Provide more area for community classes and children activities

• Expansion will increase capacity of Town Center to a capacity of 944 people or 440 people with tables – Double the current capacity

TOWN CENTER EXPANSION ESTIMATED COST BREAKDOWNLIBRARY

Construction: New Addition $1,188,000

(7,200 SF @ $165/SF)

Furnishings $55,000

Technology $16,500

Soft Costs $100,800

Total Estimated Library Cost $1,360,300

BANQUET ROOM

Construction: New Addition $577,500

(3,500 SF @ $165/SF)

Furnishings $40,000

Soft Costs $49,400

Total Estimated Library Cost $666,900

Total Estimated Town Center Expansion Cost $2,027,200

TOWN CENTER USAGE• 8 events at Town Center which have outgrown the capacity of the Banquet

Hall, for most events we have to use the whole facility to offset this

• Spooktacular- Over 4,000 participants

• Dad & Daughter Dance- 800 tickets sold, use the gymnasium and the Banquet Halls

• Chocolate Festival- Use the whole facility including gymnasium

• Chamber Banquet- Moved to an offsite location due to insufficient capacity

• Mummy & Me Dance- Currently at capacity, no room for growth

• Breakfast with Santa- Over 600 tickets sold, currently have 3 times slots to accommodate the number of tickets sold

• FFA Banquet- Over capacity this year, will have to move to another location

• Easter Egg Hunt- Would like to offer more in the banquet hall for young children but not enough room

• Current capacity with no tables for Banquet Hall A & B is 472, capacity with tables is 220.

• Over 37,000 were in the banquet hall in 2011.

YOUTH SPORTS COMPLEX

YOUTH SPORTS COMPLEX

• 6 Baseball Fields – (4) 12 & Under, (2) 14 & Under

• Concession Stand/Restrooms

• Relocate (2) Existing Soccer Fields

LOCATION MAP

EXISTING FIELD AERIAL• Sewer treatment plant in close proximity to existing fields

SPORTS COMPLEX COST BREAKDOWN

No. Item/Description Unit Quantity Unit Cost Extended CostGeneral Bid Items

1 General Requirements/Bonding & Ins. LS 1 0.002 Demolition/Clearing LS 1 15,000.00 15,000.00

3 Earthwork -Excavation/Compaction/Fine Grading LS 1 175,000.00 175,000.004 8 Inch Lime Stabilization for Roadway SY 3,192 0.005 4" Type A Asphalt Paving for Roadway SY 2,578 0.006 2" Type C Asphalt Paving for Roadway SY 2,578 0.007 2'-8" Concrete Curb and Gutter (6" Barrier Curb) LF 2,036 0.008 Erosion Control/Silt Fence Barrier LS 1 5,000.00 5,000.009 Landscaping-Complete in Place LS 1 0.00

Baseball Complex10 6' Fencing including gates LF 5,917 13.00 76,921.0011 10' Fencing Including Gates LF 1,008 30.00 30,240.0012 25' Backstops LF 360 140.00 50,400.0013 Infield Import Dirt (6" Depth) CY 845 25.00 21,125.0014 Bleachers Five High EA 12 0.0015 Dugout Benches EA 12 0.0016 Field Lighting For U-14 field 30/50 EA 2 95,000.00 190,000.0017 Field Lighting for U-12 Fields 30/50 EA 4 60,000.00 240,000.0018 Field Irrigation For U-14 field EA 2 17,000.00 34,000.0019 Field Irrigation for U-12 Fields EA 4 15,000.00 60,000.0020 6' Enclosure Fencing at new Baseball Plaza LF 1,330 0.0021 Sidewalk/Plaza Paving SF 43,827 5.00 219,135.0022 8 Inch Lime Stabilization for Parking SY 12,868 0.0023 4" Type A Asphalt Paving for Parking SY 11,725 0.0024 2" Type C Asphalt Paving for Parking SY 11,725 0.0025 2'-8" Concrete Curb and Gutter (6" Barrier Curb) LF 3,244 0.0026 Parking Lot Striping-Complete in Place LF 5,538 0.0027 Storm Drainage-Complete in Place LS 1 25,000.00 25,000.0028 Water Line Connection LS 1 5,000.00 5,000.0029 Sewer Line Extension LS 1 10,000.00 10,000.00

30 Concession Stand/Restrooms LS 1 150,000.00 150,000.0031 Misc. Site Electric-Complete In Place LS 1 20,000.00 20,000.0034 Bermuda Sod SF 450,000 0.22 99,000.00

Total Estimate Construction Cost 1,425,821.00

Professional Fees 8.5% 139,374.00

Total Project Cost $1,565,195.00

LITTLE LEAGUE FIELD USAGE

• Spring of 2011 – 880 kids for Baseball

• Fall of 2011 – 528 kids for Baseball

• Fall of 2011 – 350 kids for Football

• Total for 2011 Little League – 1,758 Kids

IMPACTS TO MUSTANG ECONOMICS

• Today: 5 tournaments per year currently generates $5,389 sales tax for Mustang

• New Fields would be able to triple the number of tournaments per year and double the number of teams willing to play. This totals $32,334 sales tax for Mustang.

• $359,266 total dollars more being spent in Mustang than today

HOW ARE WE GOING TO PAY FOR IT?

CURRENT PROPERTY TAX DISTRIBUTION

City; 1.81

Mustang Schools; 65.17

County; 16.11

Vo-Tech; 15.6

MIL RATES TO CITY WILL BE 0 ON PROPERTY TAX AFTER THIS YEAR. NONE OF YOUR PROPERTY TAX WILL

GO TO LOCAL CITY.

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 20130

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Mil to city

Mil to city

TAX IMPACT2012 GO Bond

Average Annual Additional Tax Impact +      

House Value $100,000 $150,000 $250,000

       

Net Assessed Value $11,000 $17,000 $29,000

       

Annual Average Levy 2.24 2.24 2.24

       

Annual Average Tax $24.61 $38.04 $64.89

       

Average Monthly Tax $2.05 $3.17 $5.41

+ Assumes 12.0% assessment rate and homestead exemption      

VOTE MARCH 6, 2012