Bond Oversight Committee Bond 2014 and Bond 2018 July 18, 2019 1 - - PowerPoint PPT Presentation

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Bond Oversight Committee Bond 2014 and Bond 2018 July 18, 2019 1 - - PowerPoint PPT Presentation

Sep 26, 2022 144 likes •410 views

Bond Oversight Committee Bond 2014 and Bond 2018 July 18, 2019 1 AGENDA 1. Welcome Joanne Gore, Chair 2. Bond 2014 Update Oscar Perez, Carolina Fuzetti, Jojo Jacob 3. Bond 2018 Update Oscar Perez, Carolina Fuzetti Contract

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SLIDE 1

Bond Oversight Committee Bond 2014 and Bond 2018 July 18, 2019

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SLIDE 2
  • 1. Welcome – Joanne Gore, Chair
  • 2. Bond 2014 Update – Oscar Perez, Carolina Fuzetti, Jojo Jacob
  • 3. Bond 2018 Update – Oscar Perez, Carolina Fuzetti
  • Contract Updates
  • Bond Program Financials
  • Small Business Initiative Update
  • Malala Yousafzai (PKG001) – ES51 Update
  • Meadows Elementary Rebuild (PKG004)
  • New Construction/Renovation, Work in Progress
  • 4. Transportation Update – Oscar Perez
  • 5. Communications Update – Amanda Bubela
  • 6. Technology Update – Jojo Jacob
  • 7. Debt Service Fund Update – Steve Bassett
  • 8. Questions/Comments

AGENDA

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SLIDE 3

July 18, 2019

Bond Oversight Committee 2014 Bond program

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SLIDE 4

PROGRAM STATUS

Overall Bond Program

Complete In progress Next step

PHASE/ % COMPLETE DESIGN CONSTRUCTION

SD DD CD BID CONST CLOSE/ WNTY

I/100% II/100% III/99%

LEGEND

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SLIDE 5

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PROJECTED PROGRAM BUDGET

Notes: Data as of 6/30/2019 Current 2014 Bond Program Contingency = $20.1M Projected Bond Program Balance includes rounding tolerance

* Projected estimate to complete (based on estimates and pending commitments)

Item Total Current Commitments/ Approved Change Orders

(A)

$442.5M Estimates/ Pending Change Orders*

(B)

$ 32.3M Total Projected Budget

(C) = (A) + (B)

$474.8M 2014 Bond Budget

(D)

$486.9M Projected Bond Program Balance (E) = (D) - (C) $ 12.1M

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SLIDE 6

James Reese Career and Technical Center

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Construction Progress

  • Opening fall 2019
  • Construction 92% complete
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SLIDE 7

2014 BOND – INFRASTRUCTURE REFRESH

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SLIDE 8

TECHNOLOGY & SECURITY CAMERA UPDATE

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4,617,951 3,528,000 3,955,799 1,280,124 1,640,902 12,473,570 16,555,452 6,513,426 4,428,496 3,244,984 149,248 1,584,848 7,671,821 15,711,813

  • 2,000,000

4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 16,000,000 18,000,000

0000931 0000990 0000991 0000992 0000993 0000994 0000995 Infrastructur e Camera WAN Cabling/Fibe r Wireless Cabling/Fibe r WAN Design Contingency Wireless Contingency WAN Network Electronics Wireless Electronics

Infrastructure Camera WAN Cabling/Fiber Wireless Cabling/Fiber WAN Design Contingency Wireless Contingency WAN Network Electronics Wireless Electronics 0000931 0000990 0000991 0000992 0000993 0000994 0000995 % of 141% 126% 82% 12% 97% 62% 95% Encumbrances & Expenses 6,513,426 4,428,496 3,244,984 149,248 1,584,848 7,671,821 15,711,813 Budget 4,617,951 3,528,000 3,955,799 1,280,124 1,640,902 12,473,570 16,555,452

2014 Bond IT Projects – Budget Update

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SLIDE 9

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Bond Oversight Committee 2018 Bond Program July 18, 2019

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SLIDE 10

A/E Contracts (Design) 42 of 42 (A/E) Architect/Engineer contracts have been executed JOC Contracts (Construction) 21 of 21 Job Order Contracts (JOC) construction contracts have been executed CSP/CMAR Contracts (Construction) 1 of 29 Competitive Sealed Proposal (CSP)/Construction Manager at Risk (CMAR) construction contracts have been executed

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Contract Updates

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SLIDE 11

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Bond Program Financials

Spent to Date $50.1M Commitments $153.4M

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SLIDE 12

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Small Business Initiative

2018 Bond Program

Construction Awarded Construction Contracts $47,297,811 Total SBE Commitment $12,467,910 SBE Paid to Date $7,561,437 A/E Services Awarded Construction Contracts $40,964,080 Total SBE Commitment $11,176,681 SBE Paid to Date $2,937,367

27% 87% 0.7% 16% 26% 8%

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SLIDE 13

New elementary school (#51) in the Aliana Community

  • 10 Classroom Addition approved by BOT in

February 2019, Bond 2018 funded

  • Construction of classroom addition in progress
  • Building envelope is 80% complete
  • Substantial completion date is 12/2019
  • Mid-year opening - student on-campus start

date is January 2020

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MALALA YOUSAFZAI

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SLIDE 14

Rebuild of existing Meadows Elementary School

  • Demolition and abatement, approved by BOT

in February 2019, Bond 2018 funded

  • Abatement is in progress, 40% complete.

Demolition scheduled to be complete by August 2019.

  • Substantial completion date is 10/2020
  • Mid-year opening - student on-campus start

date is January 2021

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Meadows ES Rebuild

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SLIDE 15

New Construction

ES 52, ES 53, HS 12

  • Land acquisition in progress
  • Schematic Design ongoing
  • BOT approval July 2019

Lakeview ES

  • Programming complete
  • Visioning sessions with community ongoing
  • Construction start date summer 2020

MS 16-Net Zero

  • Benchmark Case study in progress
  • Land purchase being evaluated

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New Construction/Renovation Progress

Additions/Renovations

Neill ES Addition - 12 classroom

  • Procurement Bidding Complete
  • General Contractor BOT Approval – June 2019
  • Construction start – August 2019
  • Opening Fall 2020

Madden ES Addition - 10 classroom

  • Schematic Design approved by BOT March 2019
  • Design Development ongoing

Fine Arts

  • Schematic Design ongoing
  • Projected construction start January 2020
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Construction Work in Progress

  • Door Locks and Window Film (Security) – Installation Ongoing 2019 – 70%

Complete

  • Playgrounds – Summer 2019 – 60% Complete
  • Hall Stadium Repairs/Renovation ongoing
  • Estimated completion date December 2019 – 70% Complete
  • PA/Sound and Clocks – Work starting August 2019
  • Bond Signage – Complete
  • Fencing around Portable Buildings – 50% Complete
  • Water Softeners – 30% Complete
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SLIDE 17

Transportation

2018 Bond Bus Purchases

  • (10) 14-passenger $ 580,260
  • (20) Special Needs $ 1,901,000
  • (6) Activity/Field Trip $ 599,658

___________ Total Expenditures to Date $ 3,080,918

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  • Bond update included in Back to School Magazine

Ongoing:

  • Social media posts and short videos regarding bond progress and updates
  • Video PSA regarding installation of door locks
  • Promotion of bond dashboard

Communications Plan Update

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SLIDE 19

Information Technology 2018 Bond

$3,000,000 $2,010,000 $94,000,000 $24,300,000 $11,300,000 $7,300,000 $3,690,000 $623,182 $150,000 $25,451,998 $5,444,405 $0 $46,442 $1,309,619 $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 $90,000,000$100,000,000

Security Campus Audio/Vido Classroom Toolset Infrastructure Staff Computer Refresh Systems Telephone/Network Security Technology

Security Technology Security Campus Audio/Vido Classroom Toolset Infrastructure Staff Computer Refresh Systems Telephone/Networ k Sum of Total Encumbrances & Expenditures $623,182 $150,000 $25,451,998 $5,444,405 $0 $46,442 $1,309,619 Sum of Approved Budget $3,000,000 $2,010,000 $94,000,000 $24,300,000 $11,300,000 $7,300,000 $3,690,000

2018 Bond Project Update - Status

Total Budget: $142.6M

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  • Series 2015A and Series 2015B Bonds & New Money
  • Total transaction - $150 million
  • Combine Series 2015A/Series 2015B for a total of

$70.8 million

  • Include new money of $79.2 million
  • Pricing on Tuesday, 7/23/19
  • Low interest rates in municipal market
  • Low supply
  • High demand
  • District will continue to monitor market conditions for

new money issuances and future refundings

Upcoming Debt Transactions

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SLIDE 21

Tax Rate (2010-21, w/HS Schedule Change)

1.31 1.32 1.33 1.34 1.35 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Projected 2020 Projected 2021 Projected 21

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SLIDE 22

Tax Rate (2010-18, Projected 2019-21)

22 1.31 1.32 1.33 1.34 1.35 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Projected 2020 Projected 2021 Projected

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Impact of PV Increase on Average FBISD Home

As proposed at $1.34 Prior Year 2018-19 HB3 2019-20 Proposed Change

  • Avg. Market/Assessed Value of Residences

$283,258 $289,699 2.27%

  • Avg. Taxable Value of Residences

$254,576 $261,013 2.52% M&O Rate $1.06 $0.99

  • $0.07

I&S Rate $0.26 $0.28 $0.02 Total Tax Rate $1.32 $1.27

  • $0.05

Annual Taxes on Average Residence $3,360.40 $3,314.86

  • 1.36%

Annual Increase/(Decrease) in Taxes ($45.54) Monthly Increase/(Decrease) in Taxes ($3.79)

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SLIDE 24

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QUESTIONS AND COMMENTS

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Bond Oversight Committee July 18, 2019

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