Meeting ng 5 5 Monday, May 7, 2018 Agenda Review New Schools - PowerPoint PPT Presentation

Meeting ng 5 5 Monday, May 7, 2018

Agenda • Review New Schools & Land Timeline & Cost • Consideration of Additional Needs • Funding Follow-Up Discussion • Large Group Discussion: Prioritization & Consensus Building • Meeting Wrap-Up – Meeting 6 – Monday, May 21 at Fairview JH

REVIEW NEW SCHOOLS & LAND TIMELINE & COST

Cost Per Square Foot Analysis – High School High School Total Construction Facility School District Bid Date Square Footage Cost per Sq Ft 5% Escalation/Year Cost Cy Fair HS #11 Cy Fair ISD Aug-14 592,187 $ 141,500,000 $ 238.94 $ 290.43 Alvin SCHS w/Pool Alvin ISD Mar-15 550,858 $ 98,176,088 $ 178.22 $ 206.31 Klein HS #5 Klein ISD May-15 686,081 $ 157,900,000 $ 230.15 $ 266.43 Katy HS #8 Katy ISD Jul-15 635,058 $ 136,103,000 $ 214.32 $ 248.10 Grand Oaks HS Conroe ISD May-16 534,351 $ 136,808,619 $ 256.03 $ 282.27 Lake Creek HS Montgomery ISD Jun-16 365,591 $ 96,659,805 $ 264.39 $ 291.49 C.E. King HS Shelson ISD Dec-17 567,882 $ 140,291,062 $ 247.04 $ 247.04 Average - Cost Per Square Foot $ 266.85 AISD Bond Budget 2018 - Cost Per Square Foot $ 230.00

Cost Per Square Foot Analysis – Junior High Junior High Total Construction Facility School District Bid Date Square Footage Cost per Sq Ft 5% Escalation/Year Cost Dean Leaman JH Lamar ISD May-14 195,467 $ 34,140,884 $ 174.66 $ 212.30 Creekside Park JH Tomball ISD Aug-14 228,346 $ 38,790,526 $ 169.88 $ 206.49 Katy JH #14 Katy ISD Dec-14 185,137 $ 31,964,500 $ 172.65 $ 209.86 Katy JH #15 Katy ISD Jul-15 192,985 $ 38,585,458 $ 199.94 $ 231.46 Oak Hills JH Montgomery ISD Dec-15 212,730 $ 46,491,267 $ 218.55 $ 253.00 New MS Humble CISD May-16 165,000 $ 43,220,000 $ 261.94 $ 288.79 Humble MS #9 Humble CISD May-16 199,136 $ 44,174,400 $ 221.83 $ 244.57 Magnolia Intermediate Magnolia ISD Jun-16 131,500 $ 22,371,068 $ 170.12 $ 187.56 Bear Branch Intermediate Magnolia ISD Aug-16 128,540 $ 21,944,098 $ 170.72 $ 188.22 McNair Junior High Alvin ISD Aug-16 174,418 $ 29,119,000 $ 166.95 $ 184.06 Klein IS Klein ISD Sep-16 207,986 $ 44,499,877 $ 213.96 $ 235.89 Dickinson JH Dickinson ISD Dec-16 248,000 $ 53,475,130 $ 215.63 $ 237.73 Katy JH #16 Katy ISD Jan-18 192,985 $ 43,612,000 $ 225.99 $ 225.99 Average - Cost Per Square Foot $ 221.19 $ 210.00 AISD Bond Budget 2018 - Cost Per Square Foot

Cost Per Square Foot Analysis – Elementary Elementary Total Construction Facility School District Bid Date Square Footage Cost per Sq Ft 5% Escalation/Year Cost Hasse Elementary School Alvin ISD Feb-15 96,796 $ 17,119,698 $ 176.86 $ 204.74 Elementary (#39) Katy ISD Feb-15 144,303 $ 25,462,867 $ 176.45 $ 204.27 Meridiana Elementary School (#16) Alvin ISD Feb-15 102,086 $ 17,456,492 $ 171.00 $ 197.95 Sullivan Elementary (#47) Fort Bend ISD May-15 146,953 $ 31,800,468 $ 216.40 $ 250.51 New DR. ER Richter Elementary Dayton ISD May-15 112,093 $ 22,516,702 $ 200.88 $ 232.54 New Stephen F Austin Elementary Dayton ISD May-15 112,799 $ 22,000,000 $ 195.04 $ 225.78 New Elementary School Hamshire-Fannett ISD Jul-15 92,000 $ 15,500,000 $ 168.48 $ 195.03 Lamar Elementary (#24) Lamar CISD Sep-15 93,000 $ 18,541,396 $ 199.37 $ 230.80 Elementary School Montgomery ISD Oct-15 99,924 $ 22,266,757 $ 222.84 $ 257.97 Humble Elementary (#28) Humble CISD Jan-16 114,000 $ 23,154,000 $ 203.11 $ 223.92 New Matzke Elem Replmt Cy Fair ISD Jan-16 118,994 $ 25,244,000 $ 212.15 $ 233.89 Brothers Elementary (#17) Alvin ISD Feb-16 101,858 $ 17,578,000 $ 172.57 $ 190.26 Elementary (#40) Katy ISD Feb-16 144,303 $ 25,995,000 $ 180.14 $ 198.60 Pomona Elementary (#18) Alvin ISD Feb-16 96,796 $ 16,315,200 $ 168.55 $ 185.83 Grand Vista Elementary Fort Bend ISD May-16 119,876 $ 26,662,557 $ 222.42 $ 245.22 Kathleen Joerger Lindsey Elem Lamar CISD Apr-16 93,000 $ 18,095,600 $ 194.58 $ 214.52 Carter Elementary Lamar CISD Apr-17 94,000 $ 19,863,333 $ 211.31 $ 221.88 New Elementary School Sealy ISD Jun-17 109,777 $ 25,421,796 $ 231.58 $ 243.16 Bob and Betty Nelson Elementary Alvin ISD Sep-17 102,548 $ 18,047,500 $ 175.99 $ 184.79 Bel Sanchez Elementary Alvin ISD Nov-17 101,858 $ 17,572,300 $ 172.52 $ 181.15 North Shore Elementary Galena Park ISD May-17 137,818 $ 25,211,000 $ 182.93 $ 192.08 New Elementary School Huffman ISD May-17 112,090 $ 21,000,000 $ 187.35 $ 196.72 Average - Cost Per Square Foot $ 213.62 AISD Bond Budget 2018 - Cost Per Square Foot $ 195.00

AGING CAMPUSES

Commi mmittee R Request: : “Would it be possible for someone to present an assessment on the aging campuses?”

Bldg. Ener LGI & Admin Staff Quality Grand- Max Restroom Gym/ Art/ Cost Relative Elementary Year Sq ft / gy/ Admin Learning Control of fathered Cap- fixture PE Music/ to Maximum Built Humidity & Code Sq Ft stud- stud Collabor Student count acity Sq Ft Stage Co ² Exemption ent ation ent Capacity Automated Baseline Operation- system 3,790 3,141 Dedicated Current $3,660/ New 2018 800 126 $85 ally 4,310 provides Spaces Compliant student/yr efficient Campus adequate mitigation Lacks Control System - ADA, Alvin $104 Operation- $4,183/ Humid 1979 700 110 1,378 1,452 None 2,100 Energy, Primary ally Low (outside) air student/yr Building used to mitigate Co ² Lacks Control System - ADA, Stevenson $115 Operation- $4,800/ Humid 1974 610 110 1,581 1,600 None 2,650 Energy, Primary ally Low student/yr (outside) air Building used to mitigate Co ² Lacks Control System - ADA, Disney $105 Operation- $5,137/ Humid Elementary 1979 570 103 1,581 1,452 None 2,100 Energy, ally Low (outside) air student/yr Building used to mitigate Co ² Lacks Control System - ADA, EC Mason $112 Operation- $4,505/ Humid Elementary 1979 650 103 1,378 1,452 None 2,100 Energy, ally Low (outside) air student/yr Building used to mitigate Co ²

Bldg. Ener LGI & Admin Staff Quality Grand- Max Restroom Gym/ Admi Art/ Cost Relative Sq ft / gy/ Learning Junior High Year Control of fathered Cap- fixture PE n Music/ to Maximum Built Humidity & Code stud- stud Collabor Student count acity Sq Ft Sq Ft Stage Co ² Exemption ent ent ation Capacity Automated Baseline Operation- system 40,000 7,050 Dedicated Current $3,891/ 2018 1000 174 $110 13,100 New ally provides Spaces Compliant student/yr efficient Campus adequate mitigation No Lacks Stage Control or ADA, System - Harby Jr $188 Operation- $4,689/ 1980 830 182 40,412 5,000 None Theater Humid Energy, High ally Low student/yr (outside) air Building Arts used to Black mitigate Co ² Box

Consideration of Additional Needs • Alvin Primary School Replacement • EC Mason Elementary School Replacement • Stevenson Primary School Replacement • Disney Elementary School Replacement • Harby Junior High School Renovation and Expansion

FUNDING FOLLOW-UP DISCUSSION

Current AISD Tax Structure Total M&O I&S Tax Rate $1.45 $1.04 $0.41 Maint ntena nanc nce & & O Operations ns ( (M&O) T Tax R Rate Interest & Int & S Sinki nking ng ( (I& I&S) T Tax R Rate Daily operations: Used for debt repayment. teacher salaries, electricity, CA CANNO NNOT T be used for operations. fuel, supplies, etc. CA CAN be used to pay debt (bonds).

Bond and I&S Tax Rate Scenarios $370 million $425 million $475 million 5 cent increase 6.5 cent increase 9 cent increase Traditional Bond (No Tax Swap) $70.15/year $91.19/year $126.27/year $5.85/month $7.60/month $10.52/month AISD has a current I&S tax rate of $0.41. State law caps the I&S tax rate at $0.50. These preliminary estimates are based on an average home value of $163,500 per Moody’s Corporation MFRA Report (taxable assessed value of $140,300).

Tax Ratification Election • A school district must hold a Tax Ratification Election (TRE) when it is asking voters to consider raising the M&O Tax Rate above $1.04. • Alvin ISD could consider asking voters to approve a 13-cent increase to the M&O Tax Rate, and at the same time, decrease the Debt Service Tax Rate by the same 13 cents. This particular type of Tax Ratification Election is often called a “Penny Swap” or “Tax Swap” because the exchange in pennies is tax neutral.

Mechanics of a “Penny Swap” Total M&O I&S Tax Rate $1.04 $0.41 $1.45 Overall Tax Rate Stays the Same 13 cents 13 cents

Mechanics of a “Penny Swap” Total M&O I&S Tax Rate $1.45 $1.17 $0.28 Overall Tax Rate Stays the Same 13 cents 13 cents

Mechanics of a “Penny Swap” Total M&O I&S Tax Rate $1.17 $0.28 $1.45 The State gives more Overall Tax Rate funding for M&O pennies Stays the Same than they do for I&S. Generates Finance approximately Bond Program $8.4 million with little to no annually from increase to the State tax rate