city of ictor

CITY OF VICTOR PHONE (208) 787-2940 | www.victorcityidaho.com

City Council Staff Report

REPORT DATE: March 5, 2021

MEETING DATE: March 10, 2021

SUBJECT City Hall and Public Works Facilities Project: Project Funding Determination & Ordinance O577- General Obligation Bond Election Ordinance for the City Hall & Public Works Facilities Project

ITEM TYPE ☐ Public Hearing ☐ Work Session ☒ Action Item

PRESENTER Olivia Goodale, City Administrator

APPLICABLE VICTOR VALUES ☐Culturally Historic ☐ Sustainable ☐ Connected to Nature ☐ Small Town Feel ☐ Family Friendly ☒ Administrative Need ____________________________________________________________________________________ PURPOSE & PROCESS The purpose of this item is for Council to consider funding the City Hall & Public Works Facilities Project with a bond, in full or part, vs. an annual appropriations lease. Should Council wish to proceed with a bond, the purpose of this item is also for Council to provide additional project direction and consider specific ballot language. BACKGROUND/ALTERNATIVES During the February 10, 2021 City Council meeting, City Council explored the feasibility of renovating and expanding the Depot vs. building a new City Hall facility on City owned land. After consideration, Council identified building a new City Hall facility to be feasible and the long-term solution for the facility. City Council also gave direction to move forward with exploring a May ballot question to fund both the Public Works and City Hall facilities. During a March 3, 2021 special meeting, City Council discussed a number of funding options for the project and continued the discussion to the March 10, 2021 meeting. During the meeting City Council also approved the Letter of Engagement with Hawley Troxell for Bond Counsel and the Municipal Advisory Agreement with Zions Bank as these services will be required to move forward with either a bond or annual appropriations lease. This item is placed under the ordinances portion of the agenda so that if Council is ready to move forward with a bond they are able to do so. Council may also continue the discussion to the March 24, 2021 meeting or take no action if Council prefers to move forward with exploring an annual appropriations lease instead. The deadline to submit ballot language to Teton County is March 29th should Council wish to proceed with a May ballot. The attached ordinance was created as a starting point should Council wish to move forward with a bond. It includes baseline information in it, specifying funding for both projects (build new city hall, renovate existing building at 32 Elm Street into public works facility and build an additional building for public works operations), and the total amount of $3,934,000 ($826,421 for new pw shop, $613,743 for 32 Elm renovation, $2,493,791 for new city hall). Council may amend these specifics during the meeting.

CITY OF VICTOR | Staff Report

Report Date: 3/4/21 | Meeting Date: 3/10/21

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• Please note that rates have moved since the term/rate spreadsheets were created. The attached ordinance reflects current rate projections.

• Please note that the total cost to renovate the building at 32 Elm Street into a Public Works facility increased after adding additional funding to replace the siding of the building and associated soft costs.

• The total cost does not include the pursuit of LEED certification or a 20% increase to the cost of

the lower stories to accommodate a second floor for a residential affordable housing component. If Council would like to move forward with either of these items, then the total amount would need to be adjusted.

Remaining Project Considerations:

1. LEED Certification. Council has previously indicated that it may be interested in exploring LEED Certification for the City Hall facility. Staff is requesting that Council provide direction on how it would like to proceed so that any associated costs may be considered in the total project cost. As indicated in earlier presentations, LEED certification can add 4%-11% but as much as 30% to the cost of construction plus $20,000 to $80,000 to the soft costs. 7.5% is the average cost and soft costs are estimated at $50,000. The project architect estimates LEED certification and administration at $250,000 for the City Hall facility. Please see the attached project cost estimates and information regarding the benefits of LEED certification. Council has several options to consider, including:

• Direct that the facility pursue LEED Certification o Wrap all costs into the financing mechanism o Add costs associated with LEED construction into the financing mechanism

but fund soft costs with other City revenue. • Direct that the facility include many energy efficiencies but not seek LEED

Certification • Consider the same above options for the Public Works facilities. • Other

2. Affordable Housing. Housing Authority representatives will be attending the March 10, 2021

meeting to discuss potential affordable housing projects in Victor, including an affordable housing project on top of the future City Hall. As indicated in the staff report for that item:

The Housing Authority presented the below project concept on December 9th 2020 to add affordable housing as a second story on top of a future City Hall on the City owned land located at 45 West Center & 79 Depot Way. At its February 10, 2020 meeting, City Council identified building a new City Hall at this location to be the feasible long-term solution for the facility. Now that City Council has identified building a new City Hall facility on the City owned land located at 45 West Center & 79 Depot Way as



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the final project solution, the City and Housing Authority are in a stronger position to discuss a potential joint project in the facility.

Should Council wish to proceed with exploring this project, items for further exploration and consideration include examples such as mitigation of different uses; building and IT security; the building’s structure and associated cost increases; federal funding requirements should the housing component include federal funding; and project design, logistics, construction, management, and timeline coordination. The City’s Bond Counsel has confirmed that adding an affordable housing component to the building will make the transaction more complex but it is likely still possible from a legal/financial perspective. The City’s contracted Architect along with their structural engineer and mechanical engineer have discussed the cost implications of adding a future additional residential story to a city hall. The determination is that it will add approximately 20% to the cost of the lower stories due to increased structural support, lateral support, fire resistance rated horizontal construction between R occupancies and other occupancies as well as additional minor adjustments such as fire dampers, access panels, fire stopping, etc. The additional costs have been factored into the below cost estimate for the City Hall facility that is constructed in a manner to accommodate second floor housing funded by a separate source.

In addition, or as a potential alternative, the City and Housing Authority could explore building separate facilities, one for City Hall and a second for affordable housing at the same location. This alternative may have logistic and cost benefits. Items for further exploration and consideration include examples such as scope and development structure, site plan, project process, and potential overlapping project components. The City’s contracted Architect has confirmed that building a two-story City Hall facility to create vacant land for a separate affordable housing structure, would not change the initial square foot cost estimates provided for the facility.



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ATTACHMENTS • Draft Ordinance• LEED Information• Project Term and Rate Sheet & Updated Financials Showing Approximate Totals. Please note

that rates have moved since the term/rate spreadsheets were created. The attached ordinancereflects current rate projections.

FISCAL IMPACT The fiscal impact is described above and in the Ordinance.

STAFF IMPACT Staff impact is significant and ongoing.

LEGAL REVIEW Complete

RECOMMENDATION Staff recommends Council provide direction on how to proceed.

SUGGESTED MOTION Should Council wish to proceed with approving the Ordinance for a May Ballot question as presented:

I move to waive first reading in full of Ordinance O577, An Ordinance Calling a General Obligation Bond Election to be held for the Purpose of Submitting to the Qualified Electors of the City of Victor, Idaho, the Proposition for the Issuance of Negotiable General Obligation Bonds of the City of Victor, Idaho, and in Providing for the Issuance of Such Bonds, the Levy of a Tax to Pay Such Bonds, to read it by title only, and to waive the second and third Ordinance readings. [General vote]

I move to further approve Ordinance O577 and its summary, and to direct the City Clerk to publish the summary. [Roll call vote]

Should Council wish to proceed with approving the Ordinance for a May Ballot question as amended: I move to amend Ordinance O577, An Ordinance Calling a General Obligation Bond Election to be held for the Purpose of Submitting to the Qualified Electors of the City of Victor, Idaho, the Proposition for the Issuance of Negotiable General Obligation Bonds of the City of Victor, Idaho, and in Providing for


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the Issuance of Such Bonds, the Levy of a Tax to Pay Such Bonds, to read it by title only, and to waive the second and third Ordinance readings, as follows: x, y, z. [General vote]

I move to waive first reading in full of Ordinance O577, An Ordinance An Ordinance Calling a General Obligation Bond Election to be held for the Purpose of Submitting to the Qualified Electors of the City of Victor, Idaho, the Proposition for the Issuance of Negotiable General Obligation Bonds of the City of Victor, Idaho, and in Providing for the Issuance of Such Bonds, the Levy of a Tax to Pay Such Bonds, to read it by title only, and to waive the second and third Ordinance readings, to read it by title only, and to waive the second and third Ordinance readings. [General vote]

I move to further approve Ordinance O577 and its summary, and to direct the City Clerk to publish the summary. [Roll call vote]

S 50

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S Hw

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Larkspur Ave.

BOND ELECTION ORDINANCE - 1

46090.0003.13592676.1

BOND ELECTION ORDINANCE NO. O577

AN ORDINANCE CALLING A GENERAL OBLIGATION BOND ELECTION TO BE HELD FOR THE PURPOSE OF SUBMITTING TO THE QUALIFIED ELECTORS OF THE CITY OF VICTOR, IDAHO, THE PROPOSITION FOR THE ISSUANCE OF NEGOTIABLE GENERAL OBLIGATION BONDS OF THE CITY OF VICTOR, IDAHO, AND IN PROVIDING FOR THE ISSUANCE OF SUCH BONDS, THE LEVY OF A TAX TO PAY SUCH BONDS.

WHEREAS, certain improvements throughout the City of Victor, Idaho (the “City”), are deemed by the members of the Council of the City (the “Council”) to be required for the public good and welfare of the City; and

WHEREAS, the Council has determined and hereby deems it is necessary and advisable to finance certain capital improvements in the City for the purposes of construction of a new City hall building, remodeling and improvement of an existing building and construction of a new building to house City public works functions, and acquisition, construction, remodeling, improvement or otherwise of other public buildings throughout the City, together with all necessary appurtenant facilities and equipment, including all necessary land therefor, pursuant to Section 50-1019(9), Idaho Code (collectively the “Projects”); and

WHEREAS, the City deems it necessary and advisable to issue general obligation bonds of the City in the aggregate amount of up to $3,934,000, pursuant to the provisions of Sections 50-1019 and 50-1026, Idaho Code, and Chapter 2, Title 57, Idaho Code, to finance the Projects, and in order to do so desires to call an election to be held pursuant to Chapter 14, Title 34, Idaho Code, for electorate authorization of issuing bonds to finance each of the Projects.

NOW, THEREFORE, BE IT ORDAINED by the Mayor and Council of the City of Victor, Idaho, as follows:

SECTION 1. That a general obligation bond election (the “Bond Election”) is hereby called to be held in the City on Tuesday, May 18, 2021, for the purpose of submitting to the qualified electors of the City the propositions set forth in the form of ballot question hereinafter provided.

SECTION 2. That the City hereby determines that the outstanding amount of all bonded indebtedness of the City, including the bonds proposed under this Ordinance, will not exceed two percent (2%) of the market value for assessment purposes of all taxable property within the City on the tax rolls completed and available as of the date of the Bond Election.

SECTION 3. That pursuant to Section 34-1401, Idaho Code, the Clerk of Teton County, Idaho (the “County Clerk”) shall administer the Bond Election, including scheduling the polling times; preparing and printing the ballots; publishing the notice of the Bond Election and the sample ballot; and conducting the Bond Election.


46090.0003.13592676.1

SECTION 4. That in compliance with Section 34-1406, Idaho Code, the Clerk of the City (the “City Clerk”) shall notify the County Clerk that the Mayor and Council have called the Bond Election on behalf of the City by delivering to the County Clerk a copy of this Ordinance, including the forms of ballot question and notice of the Bond Election, as provided under SECTION 5 and SECTION 6 hereof.

SECTION 5. For purposes of the Bond Election, the Council hereby approves the form of ballot question as set forth below:

***FORM OF BALLOT QUESTION***

May 18, 2021

Shall the City of Victor, Idaho, be authorized to issue and sell general obligation bonds in the principal amount of up to $3,934,000 for the purposes of construction of a new City hall building, remodeling and improvement of an existing building and construction of a new building to house City public works functions, and acquisition, construction, remodeling, improvement or otherwise of other public buildings throughout the City, together with all necessary appurtenant facilities and equipment, including all necessary land therefor; the bonds to be due in installments as fixed by the Mayor and Council of the City, the last installment to be due and payable not more than thirty (30) years from the date of issue of such bonds, as provided in Ordinance No. O577 adopted bythe Council of the City on March 10, 2021?

The projects to be financed by the sale of the proposed bonds are as set forth in the above Notice. The anticipated interest rate on the proposed bonds, based upon current market rates, is two and twenty-one hundredths percent (3.30%) per annum. The total amount to be repaid over the life of such bonds, based on the anticipated interest, is $6,380,500 consisting of $3,934,000 in principal and $2,446,500 of interest. The bonds shall mature no more than thirty (30) years from the date of issuance thereof.

The estimated average annual cost to the taxpayer on the proposed bond is a tax of $84 per $100,000 of taxable assessed value based on current conditions and the data above.

As of May 18, 2021, the total existing indebtedness of the City, including interest accrued, is zero dollars ($0.00).

IN FAVOR OF ISSUING BONDS TO THE AMOUNT OF $3,934,000 FOR THE PURPOSES STATED IN ORDINANCE NO. O577

AGAINST ISSUING BONDS TO THE AMOUNT OF $3,934,000 FOR THE PURPOSES STATED IN ORDINANCE NO. O577


46090.0003.13592676.1

***End Form of Ballot Question***

SECTION 6. For purposes of the Bond Election, the Notice of Bond Election shall be substantially in the following form:

***FORM OF NOTICE OF GENERAL OBLIGATION BOND ELECTION***

NOTICE OF GENERAL OBLIGATION BOND ELECTION

Pursuant to the laws of the State of Idaho and Ordinance No. O577 of the Mayor and Council of the City of Victor, Idaho (the “City”), adopted on March 10, 2021, notice is hereby given that a General Obligation Bond Election will be held in the City on Tuesday, May 18, 2021, beginning at the hour of 8:00 a.m. and closing at the hour of 8:00 p.m., for the questions of whether the City shall be authorized to issue and sell general obligation bonds up to the aggregate principal amount of $3,934,000 for the purposes of construction of a new City hall building, remodeling and improvement of an existing building and construction of a new building to house City public works functions, and acquisition, construction, remodeling, improvement or otherwise of other public buildings throughout the City, together with all necessary appurtenant facilities and equipment, including all necessary land therefor. The bonds shall be due in installments as fixed by the Mayor and Council of the City, the last installment to be due and payable not more than thirty (30) years from the date of issuance of the bonds, as provided in Ordinance No. O577 adopted by the Council of the City on March 10, 2021.

The following statements are required by Section 34-439, Idaho Code:

The projects to be financed by the sale of the proposed bonds are as set forth in the above Notice. The anticipated interest rate on the proposed bonds, based upon current market rates, is two and twenty-one hundredths percent (3.30%) per annum. The total amount to be repaid over the life of such bonds, based on the anticipated interest, is $6,380,500 consisting of $3,934,000 in principal and $2,446,500 of interest. The bonds shall mature no more than thirty (30) years from the date of issuance thereof.

The estimated average annual cost to the taxpayer on the proposed bond is a tax of $84 per $100,000 of taxable assessed value based on current conditions and the data above.

As of May 18, 2021, the total existing indebtedness of the City, including interest accrued, is zero dollars ($0.00).

***End Form of Notice of General Obligation Bond Election***

SECTION 7. That if at the Bond Election two-thirds (2/3) of the qualified registered electors of the City, eighteen (18) years of age or older who have resided in the City for thirty (30) days, voting thereat assent to the issuance of said bonds under the proposition, as certified by the County Clerk, the negotiable bonds of the City shall be issued as hereinabove provided and shall mature not more than thirty (30) years from their date, and the annual bond maturities thereof shall be payable in accordance with the provisions of the Idaho Municipal Bond Law, Chapter 2, Title


46090.0003.13592676.1

57, Idaho Code. Such issue or issues will create new debt for the object of providing for the acquisition, construction, remodeling, improvement or otherwise, of the approved Projects, and to pay the costs of issuance of such bonds, in accordance with the provisions of Section 50-1026, Idaho Code, payable from the proceeds of taxes and other available sources.

SECTION 8. That said negotiable general obligation bonds shall be issued if carried as aforesaid, and payment shall be made from available sources of revenue and through the levy of taxes in the City, beginning in the year that principal and interest payments are due, and continuing until principal and interest shall have been fully paid in such amounts and at such rates as are necessary to assure the prompt payment of such interest, and also to establish and to constitute a sinking fund sufficient for the payment of the principal thereof as required by law, and it is hereby ordered that such taxes shall be levied annually at the time and in the manner as general taxes for the City are levied in each such year; provided, however, the aforementioned taxes shall never be diminished prior to payment of all bonds excepting in any year to the extent that other available funds shall have been applied to or set aside in a special fund to be irrevocably held for the payment of principal or interest or both, payable from said taxes for such year. The proper officer or officers of the City are hereby authorized and directed to do all things requisite and necessary to carry out the provisions of this Section and to apply the proceeds of the taxes so collected to the payment of such principal and interest.

SECTION 9. That, pursuant to the provisions of Sections 50-901 and 50-901A, Idaho Code, as amended, this Ordinance, or a summary thereof substantially in the form attached hereto as Exhibit “A,” shall be published within one (1) month hereafter in an issue of Teton Valley News, the official newspaper of the City, and shall take effect and be in full force immediately upon its passage, approval and publication.

ADOPTED by the Council of the City of Victor, Idaho, at a regular meeting thereof held this 10th day of March, 2021.

CITY OF VICTOR, IDAHO

By: ______________________________________ Will Frohlich, Mayor

(SEAL)

ATTEST:

By: ________________________________ Michelle, City Clerk


46090.0003.13592676.1

EXHIBIT “A”

SUMMARY OF ELECTION ORDINANCE

CITY OF VICTOR, IDAHO Summary of Bond Election Ordinance No. _____, passed March 10, 2021

AN ORDINANCE CALLING A GENERAL OBLIGATION BOND ELECTION TO BE HELD FOR THE PURPOSE OF SUBMITTING TO THE QUALIFIED ELECTORS OF THE CITY OF VICTOR, IDAHO, THE PROPOSITION FOR THE ISSUANCE OF NEGOTIABLE GENERAL OBLIGATION BONDS OF THE CITY OF VICTOR, IDAHO, AND IN PROVIDING FOR THE ISSUANCE OF SUCH BONDS, THE LEVY OF A TAX TO PAY SUCH BONDS.

A summary of the principal provisions of Bond Election Ordinance No. _____ of the City of Victor, Idaho (the “City”), adopted on March 10, 2021 (the “Election Ordinance”), is as follows:

Section 1. Calls for a general obligation bond election to be held in the City on Tuesday, May 18, 2021, for the purpose of submitting to the qualified electors of the City the proposition of the issuance of up to $3,934,000 negotiable general obligation bonds of the City and to levy a tax to pay the bonds for the purposes of construction of a new City hall building, remodeling and improvement of an existing building and construction of a new building to house City public works functions, and acquisition, construction, remodeling, improvement or otherwise of other public buildings throughout the City, together with all necessary appurtenant facilities and equipment, including all necessary land therefor, pursuant to Section 50-1019(9), Idaho Code (collectively, the “Projects”).

Section 2. Determines that the outstanding amount of all bonded indebtedness of the City upon issuance of the bonds will not exceed two percent (2%) of the market value for assessment purposes of all taxable property within the City on the date of the election.

Section 3. Provides that the Teton County Clerk shall administer the election in accordance with Idaho law.

Section 4. Provides that the City Clerk will notify the County Clerk that the election has been called and provide to the County Clerk a copy of the Election Ordinance with forms of ballot and notice.

Section 5. Provides the form of ballot question.

Section 6. Provides the form of notice of general obligation bond election.


46090.0003.13592676.1

Section 7. Provides authority to issue bonds upon successful passage of the election in accordance with the Idaho Municipal Bond Law in order to finance the approved Projects.

Section 8. Provides that said negotiable general obligation bonds shall be issued if carried as aforesaid, and payment shall be made from available sources of revenue and through the levy of taxes in the City, beginning in the year that principal and interest payments are due and continuing until principal and interest shall have been fully paid in such amounts and at such rates as are necessary to assure the prompt payment of such interest, and to establish and to constitute a sinking fund sufficient for the payment of the principal thereof as required by law, and ordering that such taxes shall be levied annually at the time and in the manner as general taxes for the City are levied in each such year; provided, however, the aforementioned taxes shall never be diminished prior to payment of all bonds excepting in any year to the extent that other available funds shall have been applied to or set aside in a special fund to be irrevocably held for the payment of principal or interest or both, payable from said taxes for such year. The proper officer or officers of the City are authorized and directed to do all things requisite and necessary to carry out the provisions of this Section and to apply the proceeds of the taxes so collected to the payment of such principal and interest.

Section 9. Providing for publication of the Election Ordinance or summary thereof in Teton Valley News within one (1) month after adoption, and that the Election Ordinance shall take effect and be in full force immediately upon its passage, approval and publication.

Exhibit “A”: Sets forth this summary for publication. The complete text of the Election Ordinance is available in the office of the City Clerk at 206 East Third Street, Victor, Idaho.

ADOPTED BY the Council of the City at a regular meeting held on March 10, 2021.

CITY OF VICTOR, IDAHO

By: ____________________

Will Frohlich, Mayor ATTEST:

By: _______________________ Michelle Smith, City Clerk


46090.0003.13592676.1

CERTIFICATION OF BOND COUNSEL

I, the undersigned Bond Counsel for City of Victor, Idaho, hereby certify that I have read the attached Summary of Ordinance No. ____ of said City and that the same is true and complete and provides adequate notice to the public of the contents of said Ordinance.

DATED as of this _____ day of March, 2021.

HAWLEY TROXELL ENNIS & HAWLEY LLP

S.C. Danielle Quade

Annual Appropriation and General Obligation Financing Scenarios

Estimated Interest Rates (TIC*)

Term COP GO Tax Impact Tax Impact30 Years 3.28% 3.05% Project Term Payment per $100,000 Project Term Payment per $100,00025 Years 3.10% 2.83% 1,383,199$ 30 Years 81,647$ N/A 1,383,199$ 30 Years 75,493$ $29.7420 Years 2.85% 2.52% 1,383,199 25 Years 89,704 N/A 1,383,199 25 Years 82,968 $32.6815 Years 2.49% 2.06% 1,383,199 20 Years 102,280 N/A 1,383,199 20 Years 94,470 $37.21

1,383,199 15 Years 124,520 N/A 1,383,199 15 Years 115,080 $45.33

1,768,775$ 30 Years 101,387$ N/A 1,768,775$ 30 Years 94,847$ $37.361,768,775 25 Years 111,432 N/A 1,768,775 25 Years 104,384 $41.121,768,775 20 Years 127,170 N/A 1,768,775 20 Years 118,840 $46.811,768,775 15 Years 154,667 N/A 1,768,775 15 Years 144,907 $57.08



2020 City Taxable Assessed Value (w/URA): 253,854,231$

General Obligation Bonds ("GO")Annual Appropriation Certificates of Participation ("COP")

Public Works

(Alone)

Renovate

Depot (Alone)

New City Hall

(Alone)

New City Hall +

Public Works

City of Victor

- All interest rates based on 1/26/2021 benchmarks adjusted for 4Q2021 forecasts (JP Morgan) as of 1/25/2021

- Estimates include all applicable issuance costs

- Figures are estimates subject to changing interest rates and adjusted assumptions

* True Interest Cost (TIC) is the applicable interest rate after accounting for underwriting fees

Updated January 27, 2021

Annual Appropriation Certificates of Participation ("COP")

Project Term Yearly Payment

Total Project TermYearly

Payment

1,383,199$ 30 81,647$ 2,449,410$ 1,383,199$ 30 72,493$

1,383,199$ 25 89,704$ 2,242,600$ Public Works 1,383,199$ 25 82,968$

1,383,199$ 20 102,280$ 2,045,600$ (Alone) 1,383,199$ 20 94,470$

1,383,199$ 15 124,520$ 1,867,800$ 1,383,199$ 15 115,080$

2,500,000$ 30 139,420$ 4,182,600$ New City Hall 2,500,000$ 30 131,867$

2,500,000$ 25 152,784$ 3,819,600$ (Alone) 2,500,000$ 25 144,744$

2,500,000$ 20 174,740$ 3,494,800$ 2,500,000$ 20 164,820$

2,500,000$ 15 212,693$ 3,190,395$ 2,500,000$ 15 200,680$

3,876,990$ 30 210,347$ 6,310,410$ New City Hall + 3,876,990$ 30 201,167$

3,876,990$ 25 231,448$ 5,786,200$ Public Works 3,876,990$ 25 221,080$

3,876,990$ 20 264,210$ 5,284,200$ 3,876,990$ 20 251,960$

3,876,990$ 15 321,493$ 4,822,395$ 3,876,990$ 15 306,787$

General Obligations

Tax Impact per $100,000

Total

29.74$ 2,174,790$

32.68$ 2,074,200$

37.21$ 1,889,400$

45.33$ 1,726,200$

51.95$ 3,956,010$

57.02$ 3,618,600$

64.93$ 3,296,400$

79.05$ 3,010,200$

79.24$ 6,035,010$

87.09$ 5,527,000$

99.25$ 5,039,200$

120.85$ 4,601,805$

Bond ("GO")

LEED v4.1 BD+C

Project Checklist

Y ? N

Credit 1

0 0 0 16 0 0 0 13

Credit 16 Y Prereq Required

Credit 1 Y Prereq Required

Credit 2 Credit 5

Credit 5 Credit 2

Credit 5 Credit 2

Credit 1 Credit Building Product Disclosure and Optimization - Material Ingredients 2

Credit 1 Credit 2

Credit Electriv Vehicles 1

0 0 0 Indoor Environmental Quality 16

0 0 0 10 Y Prereq Required

Y Prereq Required Y Prereq Required

Credit 1 Credit 2

Credit 2 Credit 3

Credit 1 Credit Construction Indoor Air Quality Management Plan 1

Credit 3 Credit 2

Credit 2 Credit 1

Credit 1 Credit 2

Credit 3

0 0 0 11 Credit 1

Y Prereq Required Credit 1

Y Prereq Required

Y Prereq Building-Level Water Metering Required 0 0 0 Innovation 6

Credit 2 Credit 5

Credit 6 Credit 1

Credit 2

Credit Water Metering 1 0 0 0 Regional Priority 4

Credit Regional Priority: Specific Credit 1

0 0 0 33 Credit Regional Priority: Specific Credit 1

Y Prereq Required Credit Regional Priority: Specific Credit 1

Y Prereq Required Credit Regional Priority: Specific Credit 1

Y Prereq Required

Y Prereq Required 0 0 0 TOTALS Possible Points: 110

Credit 6

Credit 18

Credit 1

Credit 2

Credit 5

Credit 1

Open Space

Site Assessment

Interior Lighting

Daylight

LEED Accredited Professional

Innovation

Rainwater Management

Light Pollution Reduction

Acoustic Performance

Quality Views

Enhanced Indoor Air Quality Strategies

Low-Emitting Materials

Indoor Air Quality Assessment

Thermal Comfort

Renewable Energy

Enhanced Refrigerant Management

Optimize Energy Performance

Advanced Energy Metering

Certified: 40 to 49 points, Silver: 50 to 59 points, Gold: 60 to 79 points, Platinum: 80 to 110 Enhanced Commissioning

Building-Level Energy Metering

Water Efficiency

Fundamental Commissioning and Verification

Grid Harmonization

Energy and Atmosphere

Minimum Energy Performance

Fundamental Refrigerant Management

Cooling Tower Water Use

Heat Island Reduction

Outdoor Water Use Reduction

Indoor Water Use Reduction

Outdoor Water Use Reduction

Indoor Water Use Reduction

Construction Activity Pollution Prevention

High Priority Site

Surrounding Density and Diverse Uses

Sustainable Sites

Building Life-Cycle Impact Reduction

Access to Quality Transit

Reduced Parking Footprint

Environmental Tobacco Smoke Control

Protect or Restore Habitat

Building Product Disclosure and Optimization - Sourcing of Raw Materials

Project Name:

Date:

Location and Transportation

Sensitive Land Protection

LEED for Neighborhood Development Location

Bicycle Facilities

Construction and Demolition Waste Management Planning

Materials and Resources

Storage and Collection of Recyclables

Construction and Demolition Waste Management

Minimum Indoor Air Quality Performance

Building Product Disclosure and Optimization - Environmental

Product

Declarations

Integrative Process

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https://www.usgbc.org/leed

Health benefits: Stay healthy with LEED Happier employees, happier occupants Employers in LEED-certified spaces report higher recruitment and retention rates, and increased employee productivity. Bringing in the good and keeping out the bad LEED creates healthier spaces with cleaner air, access to daylight, and free from harmful chemicals found in paints and finishings. Indoor environmental quality Improving indoor air quality can reduce absenteeism and work hours affected by asthma, respiratory allergies, depression and stress, and leads to and self-reported improvements in productivity. Reduced pollution Energy-efficient buildings help reduce pollution and improve outdoor air quality in major industrialized areas, making LEED a critical tool in reducing smog.

Environmental benefits: Help the environment and reduce carbon with LEED

Reduced energy use and carbon emissions

34% lower CO2 emissions*

25% less energy consumed*

11% less water consumed*

80 million tons of waste diverted from landfills*

89/100 average ENERGY STAR score for

LEED projects

25% less energy on average used by

LEED buildings compared to commercial buildings

1.3 million tons of coal equivalent saved each year

78 million tons of avoided CO2 emissions

*Re‐Assessing Green Building Performance: A Post Occupancy Evaluation of 22 GSA Buildings. Kim M. Fowler. Emily M. Rauch. Jordan W. Henderson.

Conserving water Expected water savings from LEED commercial buildings is more than 7% of all non-residential water use. Reducing waste By 2030, LEED projects will have diverted more than 540 million tons of waste from landfills. Fewer cars, fewer miles driven Nearly 4 billion vehicle miles traveled have been avoided by occupants of LEED buildings, thanks to efficient locations and alternative transportation options. Green materials Certified projects are estimated to have specified more than $100 billion in green materials, cumulatively. Implement sustainable strategies LEED can help both new and existing buildings to implement sustainable and greener strategies to become high performing buildings.

Why certify We stand for accountability, and we translate that accountability through the LEED third-party certification process. Behind LEED is an infrastructure developed by industry leaders that supports project teams as they innovate and create high-performing buildings, homes and neighborhoods. USGBC invests more than $30 million annually to maintain, operate and improve LEED and its customer delivery. The LEED plaque stands for leadership and demonstrates that a building has been designed, built and is operating as intended. Being "built to LEED” or “LEED equivalency” doesn’t exist—there is no substitute for LEED certification.

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