HomeMy WebLinkAboutCIP Presentation-Tom FINAL 5-19-11Capital Improvement Plan Town of Westlake
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What is the Hayes Report?
It is a school facility plan
based on a certain model.
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Model Assumptions
•Financially = size equals economy of scale
•Economy of scale = requires a larger student body
•Larger student body = requires additional
facilities
•Additional facilities = will serve existing and
future needs
•Aggressive model = a design/build in year one
and populate in year two
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Financial Assumptions
Student body growth equals additional State
funds which …
•services approximately $15 million in new debt
for new facilities (interest rate sensitive)
•covers increased operating costs to include
additional support personnel
•requires moving Grade 6 up to Secondary school
•requires increase class size to 22 students in
Primary and 27 students in Secondary
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Policy Issues – Consider…
•Vision for the school?
•What is the cultural impact?
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Policy Issues
Question –
Can we remain financially viable with
the current enrollment level and
operation costs?
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Policy Issues
Answer –
Yes, but…no money for
new facilities.
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Classroom Portables
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Policy Issues
Question-
Can we remain financially viable
and have new facilities?
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Policy Issues
Answer –
Yes, but we must understand
the pros and also the risks.
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Understanding the Pros and Risks
Pros:
•New facilities
•Needed facilities
•Fairly quickly
•Self-funding of debt for new facilities
•Larger student body
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Understanding the Pros and Risks
Risks:
•Aggressive schedule
•Requires aggressive teacher recruitment
•Requires aggressive student/parent
on-boarding
•Larger student body
•Self-funded , but bonds backed with a
property tax pledge
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It is important to ask…
What does the Hayes report look like
in the context of the Town’s Capital
Improvement Plan?
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Proposed Funding Sources
(Funded Projects only)
Funding Sources FY 2012 FY 2013 FY 2014 FY 2015 FY 2016
Contributions/Grants $1,278,594 $3,048,060 $172,000 $0 $0
Governmental Funds $914,140 $299,520 $0 $0 $0
Governmental Bonds $711,800 $1,764,800 $1,492,125
Utility Fund $603,603 $0 $0 $0 $0
Utility Bonds $0 $1,520,489 $0 $0 $0
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Proposed New CIP
(Academy & Municipal)
Funded:
•$4.6 million for Dove Rd/Ottinger Rd improvements
funded by Hillwood per our development agreement.
Unfunded: (Has funding source)
•$15.5 million for various WA campus improvements
•$3.5 for a Town office building on the WA campus,
north of the retention pond on JT Ottinger Rd
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Possible WA Capital Projects
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High School Building
•Approximately 22,570 sq ft.
•Estimated Construction Cost:
–$5,400,000
–Planned as 4-story structure
•Computer / engineering labs / administrative
and special education facilities
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Middle School Building
•Approximately 19,320 sq ft.
•Estimated Construction Cost:
–$4,300,000
–Planned as a 2-story structure
•Science / computer labs / art room
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Media Center
•Approximately 3,000 sq ft.
•Estimated Construction Cost:
–$1,000,000
–Planned as 1-story structure
•Adjacent to current Arts & Science Building
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Multi-purpose Building
•Approximately 4,500 sq ft.
•Estimated Construction Cost:
–$1,700,000
–Planned as 1-story structure
•Flexible space for large group gatherings and
future expansion
•Cafetorium – with warming kitchen
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Primary School Addition
•Approximately 5,200 sq ft.
•Estimated Construction Cost:
–$1,400,000
–Planned as 1-story structure
•Additional classroom space
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Performance Hall
•Shell build-out
•Approximately 11,500 sq ft.
•Estimated Construction Cost:
–$1,500,000
–Without furniture or fixtures
•Assumption is FFE will be provided through donations
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Municipal Office Building
•Approximately 12,000 sq ft.
•Estimated Construction Cost:
–$3,500,000
–Planned as 2-story structure
–Located on Town property – just north of
retention pond, off J. T. Ottinger Rd.
•Designed to serve community
•Flexible meeting space for community events
and affiliate groups
Proposed Westlake Town Hall
Proposed Westlake Town Hall
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Municipal Office Building
Financing
•Project Cost - $3.5 million
•12,000 sq ft
•Office & Multi-Use Space
•Financing
–$2.8 million bonds serviced by current
funding used for office lease payment
–$700,000 Cash
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ROI for Municipal Office Building
•Total Project Cost $3.5 million
•30 year amortization
•Leasing over same period = $8.6 million
•Total cost of ownership = $7.3 million
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Current Transportation Projects
(Funded)
•FM 1938 Streetscape
•Dove / JT Ottinger Rd Landscaping*
•Aspen Lane Reconstruction & Drainage
•Stagecoach Hills Street Reconstruction & Drainage
•N. Roanoke Rd Reconstruction & Drainage
(N of SH 170)
•S. Roanoke Rd Reconstruction & Drainage
(SH 170 – Town Boundary)
•Sam’s School Rd Reconstruction & Drainage
* Included in Hillwood Developer Agreement
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Current Transportation Projects
(Funded)
•Dove Rd Creek Crossing*
•W. Dove & JT Ottinger Rd Reconstruction & Drainage*
•E. Dove Rd Reconstruction & Drainage (Vaquero – Town Boundary)
•Dove / JT Ottinger Rd Intersection*
•Dove / N. Pearson Lane Intersection*
•Mahotea Boone
•Street Survey
•Deloitte Vehicular Entry*
•WA Vehicular Entry Improvements*
* Included in Hillwood Developer Agreement
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Current Utilities Projects
(Funded)
•TRA Assumption of N-1 Sewer Line
•N-1 Sewer Line Transfer – Inflow & Infiltration
Repairs
•Stagecoach Hills Waterline Connection
•Ground Storage Tank
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Current Facilities and Parks
& Recreation Projects (Funded)
•WA Dining Hall Expansion
•Trail Connection - WA to Vaquero Underpass *
* Included in Hillwood Developer Agreement
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Discussion, Q & A