Successful Bond Programs (Community Engagement) Cathy Allen, Chief Operations Officer Facilities...
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Transcript of Successful Bond Programs (Community Engagement) Cathy Allen, Chief Operations Officer Facilities...
Successful Bond Programs (Community Engagement)
Cathy Allen, Chief Operations Officer Facilities Support Services
September 22, 2015
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Overview
• Adoption of Sustainable Facilities Master Plan (SFMP) in June 2012
• Identified $2 billion in need
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•Successful Passage of Measures Q & R in November 2012
Q - $346 millionR - $68 million
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Bond Categories Measure Q – Core Academics• Core Academic, Renovation, Modernization, Repair
& Upgrade Projects• Technology Upgrades• District-Wide Fire & Irrigation Improvements• Resource & Energy Conservation Improvement
Projects• Ongoing Funds & Operations
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Bond Categories Measure R – Health & Safety• Athletics: Fields, Gyms, Locker Rooms• Health & Nutrition• Ongoing Funds & Operations
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Anticipated Bond SalesEstimated Measure Q Bond Issuance Schedule
Bond SeriesIssuance
YearCurrent Interest
Bonds
Capital Appreciation
BondsTotal Bond Issuances
Series A 2013 $16,500,000 $0 $16,500,000
Series B - QSCB 2013 $26,400,000 $0 $26,400,000
Series C 2015 $75,000,000 $0 $75,000,000
Series D 2017 $75,000,000 $0 $75,000,000
Series E 2019 $50,000,000 $0 $50,000,000
$242,900,000 $0 $242,900,000
Remaining Bonds TBD $103,100,000 $0 $103,100,000
Total Bond Authorization: $346,000,000
Estimated Measure R Bond Issuance Schedule
Bond SeriesIssuance
YearCurrent Interest
Bonds
Capital Appreciation
BondsTotal Bond Issuances
Series A 2013 $13,500,000 $0 $13,500,000
Series B - QSCB 2013 $13,600,000 $0 $13,600,000
Series C 2015 $30,000,000 $0 $30,000,000
$57,100,000 $0 $57,100,000
Remaining Bonds TBD $10,900,000 $0 $10,900,000
Total Bond Authorization: $68,000,000
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Early Measure Q Projects• Mini-modernizations at “receiving school sites”
• 12 sites • Painting, parking, blacktop, some new classrooms, landscaping
• Quick Strike Projects• $25,000 per site• Choose from a specified list (marquees, play area upgrades, exterior
painting, security cameras, lighting, fencing, landscaping)
• Deferred Maintenance Projects• Roofing, HVAC replacement
• Technology Upgrades• Started prepping for SBAC testing
• Project Green• 15 schools
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Early Measure R Projects
• Cal Middle Modernization/Expansion of Gym• Rosemont High - New synthetic field• JFK - Renovation of field, stadium, track• JFK - New restroom building/snack bar• CKM – Renovation to gym floor, bleachers• HJ – Renovation to gym floor, bleachers
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On-Going
• RFQs• IOR, Architect/Engineer, LLB contractors, MEP subs, etc.• Huge list of ‘qualified’ architects
• How did we choose firms?• Familiarity with the site• Specific scope of project (fire alarm
upgrades/replacements)
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Bond Allocation
• Identification based on bond categories• Deferred Maintenance Needs• SFMP• Other influences
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Total Project Costs/Initial Allocations
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Original Bond Program 2013
Core Academic RenovationDistrict Wide Fire & Irrigation ImprovementsModernization, Repair & Upgrade ProjectsOn-Going Funds & OperationsProgram Enhancements/Class Size ReductionsResource and Energy Conservation Improvement ProjectsTechnology Upgrades
50%
3%
17%
15%2%
12%
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Revised Bond Program 2015
Core Academic Renova-tionDistrict Wide Fire & Irriga-tion ImprovementsModernization, Repair & Upgrade ProjectsOn-Going Funds & Opera-tionsProgram Enhancements/Class Size ReductionsResource and Energy Conservation Improve-ment ProjectsTechnology Upgrades
50%
5%14%
10%4%2%
15%
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Projected Bond Program 2013- 2017
Core Academic Renovation
District Wide Fire & Inspection Improvements
Modernization, Repair & Upgrade Projects
On-going Funds and Operations
Program Enhancements/Class Size Reduction
Resource and Energy Conservation Improvement Projects
Technology Upgrades
48%
5%14%
10%
4%
17%2%
Difference from Original:Core – 0Fire & Irrigation - $4,527Mod – $5,826,297On-going - $12,100,000Prog Enh. - $9,000,000Energy - $0Tech - $13,534,566
Bond Steering Committee
• Bond Steering Committee Activities• Meetings started before the bond
• Large group – 40+• Reconvened after bonds passed• Conducted site visits of all nine ‘identified’ sites• Meeting with Career Tech Departments• Begin to identify projects • Recommendation to Board
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Transparency
• New plan…• Core Academic Sites
• Meetings with site staff to establish preliminary scope• Staff chose 3 architectural firms• Invited all 3 to the same site meeting to discuss project• Site staff interviews• Encouraged site staff to be very involved in the choice
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Transparency/Outreach• Scoping meetings at each site with staff• Multiple community outreach efforts• Back to scoping meetings• Back-to-school nights• Facilities Ad Hoc Committee• Monthly facilities update to Board• Periodic updates from Financial Advisors• Banners• Website
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Bond Oversight Committee• Multiple board appointments• Purpose of the committee versus membership• Increased involvement requested by BOE
• BOC participation in early scoping meetings at core sites• More frequent board updates
• Site tours at each meeting• Feed them
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Construction Webpage
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Construction Webpage
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Questions?
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