montgomery county (va.) schools 2013 cip project planning
DESCRIPTION
Presentation to Montgomery County (Va.) School Board outlining proposed Capital Improvement Plan and funding options.TRANSCRIPT
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Presentation Overview
• Capital Improvement Plan
• Capital Funding Options
• Meeting Outcomes
• Next Steps for Joint Meeting with Supervisors on April 23rd
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Completed or In Process Projects since 1998 (~$240M)
• Auburn Elementary School – 1998 • Convert Riner Elementary to AMS - 1999 • Eastern Montgomery High School – 2000 • Kitchen/Cafeteria Addition at SMS - 2001 • Blacksburg Middle School - 2002 • Christiansburg Middle School - 2003 • Stadiums – CHS, AHS, EMHS – 2005, BHS 2007 • Roof Replacements – 1998 through 2002 • EMES – 2010 • PFE – 2011 • Air Conditioning – All schools • School Board Office Relocation to Bldg C – 2012 • Auburn High School - 2013 • Blacksburg High School - 2013 • Auburn Middle School - 2014
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CIP Priority Guidelines Critical
• overcapacity - age/deteriorated - and program limitations (classrooms, gyms, cafeteria, library, etc)
Serious • age/deteriorated – program limitations –
and future overcapacity
Important • overcapacity and/or other issues
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2013 CIP PROJECT PLANNING Critical
PROJECTS PRIORITY
PROPOSED FUNDING
2006 2013 (proposed)
Date Source
Christiansburg Area Elementary Project (Combine, Recapitalize and Add, Replace) • Includes all elementary schools in Christiansburg
Area • Belview 1954, CES 1963, CPS 1972, FBE 1992
Critical Critical
Christiansburg High School Project 1974
(Combine, Recapitalize and Add, Replace) Important Critical
Annual Budgeting for Capital Maintenance Projects (Cardno TEC) @ $2M/year
Critical
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2013 CIP PROJECT PLANNING Serious
PROJECTS PRIORITY PROPOSEDFUNDING
2006 2013 (proposed)
Date Source
Shawsville Middle School (1935)
(Combine, Recapitalize and Add, Replace) Serious Serious
Alternative School, to include Independence Secondary, Rivendell, and Phoenix Program • OCMS main building is a temporary option
Serious
Technology Building (1953) (Recapitalize and Additions, or Demolition) • May need expansion area for CHS project • Additions, windows, paving, roofing
Important Serious/ Important
New Joint County and School System Support Building at the County Gov. Center • Technology, Facilities, Warehouse • To alleviate space concerns at CHS site and
Transportation
Important Serious/ Important
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2013 CIP PROJECT PLANNING Important
PROJECTS PRIORITY PROPOSEDFUNDING
2006 2013 (proposed)
Date Source
Blacksburg Area Elementary Project (Combine, Recapitalize and Add, Replace) Gilbert Linkous 1964, Margaret Beeks 1963, Harding Avenue 1972
Important Important
Athletic Support Facilities • One high school completed by boosters
Important School/ Community
Funding
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Funding Options Three principle means: Cash – Use current revenues to pay for projects Bonds – Borrow in bond market (General
Obligation Bonds, Literary Fund, Virginia Public School Authority, Industrial Development Authority IDA Bank Loan – Borrow direct from bank, usually
used for interim or short term
Cost, funding availability, interest rates, fees,
and timing will influence approach used
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Funding Example • Borrow $100,000,000 @ 4% for 20 years
• Annual Principal & Int. = $7,358,175
If a 1 cent tax increase = $700,000,
Then the Estimated Impact Tax Rate = 10.5 cents
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Macro Cost Estimate Current In 5 Years • New elementary 600 students $23.0 M $25.0 M Recapitalize @ 80% of new $18.4 M $20.0 M
• New High School 1400 students $62.5 M $67.5 M Recapitalize @ 80% of new $50.0 M $54.0 M
Above estimates based on cost of recent & current
projects – variables of existing land & buildings may decrease or increase cost. Above estimates do not include land costs.
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Meeting Outcomes
• Current Capital Priorities – Reach Agreement
• Funding for Feasibility Study for Critical Projects in the Christiansburg Area - Request
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What are the goals of a Feasibility Study?
• Determine Capacity and Program Planning
• Develop and Recommend Project Options – Such as Recapitalization and Additions; Build New; Combine
Schools; Redistricting
– Order of Magnitude Estimates
• Identify Zoning Regulations Issues
• Identify Building Code and Regulatory Issues
• Identify Utilities Infrastructure Issues
• Identify Traffic, Road, Property, and Security Issues
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Next Steps to Prepare for Joint Meeting with Supervisors on April 23rd
• Share Project Priorities Matrix
• Share established need for capital maintenance funding stream
• Share capital project needs requiring short and long term funding
• Discuss funding opportunities and methods to meet long and short term capital needs of the school division
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