VPSA Bond Presentation Process Architect Consulting Site Visits - - PowerPoint PPT Presentation

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May 18, 2023 250 likes •343 views

VPSA Bond Presentation Process Architect Consulting Site Visits to new schools (Thomas Jefferson Elementary 85,872 sf/11.2 million) Total Cost Budgeting Worksheet (with assistance from consultant) Secured Bond Counseling Services VPSA

SLIDE 1

VPSA Bond

Presentation

SLIDE 2

Process

Architect Consulting Site Visits to new schools (Thomas Jefferson Elementary 85,872 sf/11.2 million) Total Cost Budgeting Worksheet (with assistance from consultant) Secured Bond Counseling Services VPSA Submission of Spring Application Secured Financial Advisor Services August 12, 2015 Meeting VPSA Submission of Fall Application Ted Cole Presentation (School Board and Town Council) Public Hearing

SLIDE 3

Total Project Cost Budgeting Spreadsheet

SLIDE 4

VPSA Application

Pages 5-8 Financial Breakdown February 11, 2015 Resolution August 19, 2015 Resolution Public Hearing

SLIDE 5

Construction Timeline

SLIDE 6

Funding

VPSA Bond Water Tower Field Property Old Elementary School Property CIP Improvement Fund (school percentage)

SLIDE 7

Current ModPod Expense

ModPod Lease: $262,500 per year Utilities: (Electric= $3,685.07 per month/Water= $1,518.40 (based on CBHS bill) per year)Total= $45,739.24 per year

SLIDE 8

Benefits

Permanent construction offers the opportunity to provide ideal learning environments Permanent construction combined with quality education will be more attractive to new families Energy Cost for ModPods are typically twice as expensive as for permanent construction Insurance rates for permanent construction may be less than for ModPods ModPod rental costs are not an investment