Measure J Projects First Bond Sale July 14, 2016 1 Domino Effect - - PowerPoint PPT Presentation

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Measure J Projects First Bond Sale July 14, 2016 1 Domino Effect - - PowerPoint PPT Presentation

Fairfield-Suisun Unified School District July 14, 2016, Governing Board Meeting Item #16A Board Meeting Agenda Measure J Projects First Bond Sale July 14, 2016 1 Domino Effect Projects must be prioritized by evaluating the entire bond


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SLIDE 1

Measure J Projects

First Bond Sale

July 14, 2016

Fairfield-Suisun Unified School District July 14, 2016, Governing Board Meeting Item #16A Board Meeting Agenda

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SLIDE 2

Domino Effect

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Projects must be prioritized by evaluating the entire bond program and the complexity of each project

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SLIDE 3

Priorities for First Bond Sale Projects

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 Sites eligible for state funding

 Anna Kyle, Dan O Root, Fairview, KI Jones, Oakbrook, Sheldon,

Suisun Elementary, Suisun Valley, T

  • lenas, Fairfield High

 Measure C projects not completed

 Grange cafeteria, Fairview library

 Quick start projects

 Suisun

Valley parking lot

 Safety concerns

 High schools track and fields

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SLIDE 4

Overview of First Bond Sale

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 $84M for Series A

 $6.7M for contigency

 Interim housing and unknown conditions

 $29.4M for planning

 Planning includes: architectural design, Department of Toxic Substances

Control (DTSC) and California Department of Education approvals, preliminary tests including geotechnical and geohazard testing, topographical surveys, California Environmental Quality Act (CEQA) studies and other requirements associated with design development and plan approval

 $47.9M for construction

 Construction includes: DSA Inspector of Record (IOR), special

inspections and material testing, construction management and physical construction

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SLIDE 5

Project Costs

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35% 57% 8%

First Bond Sale ~ $84M

Planning Construction Contigency

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SLIDE 6

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SLIDE 7

Timeline

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 April 28, 2016

 Approved prioritized project list for Measure J Bond Program

 June 7, 2016

 Election

 July 14, 2016

 Resolution certifying election  Review first bond sale (Series A) project priority list

 August 11, 2016

 Review of first bond sale (Series A) - second review  Adopt resolutions to request tax levy and Preliminary Official

Statement (POS) for Series A issuance

 August 25, 2016

 Adopt resolution establishing a Citizens’ Oversight Committee  Appoint Citizens’ Oversight Committee members