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HomeMy WebLinkAboutBond and CIP presentationProposed Bond Refunding Issuance of $9.5 million in certificates of obligation for Westlake Academy expansion and a portion of ground storage tank project Purchase of portables for Westlake Academy Design contract for $8.5 million improvements Construction manager-at-risk services $8.5M to be used for campus improvements Cafetorium Classroom building Fieldhouse $1.0M to fund a portion of the ground storage tank project Remaining $500K will be an interfund loan from the General Fund to be paid back over (2) two years with interest at the same rate as the proposed bonds – 2.38% Price per Total Hard Costs Sq. Feet Sq. Fooot Cost Cafetorium 9,600 $ 150.20 $ 1,441,881 Field House 9,595 127.63 1,224,583 Secondary School 91,893 172.09 3,251,279 Hard Costs (Sub-total) 5,917,743 Owner's Contingency 10% 591,774 Total Hard Costs 6,509,517 Total Hard Percentage of Soft Costs Costs Hard Costs Total Design/Engineering $ 6,509,517 10.00% $ 650,952 Sitework 6,509,517 12.50% 813,690 It/Security 6,509,517 5.00% 325,476 FFE 6,509,517 10.00% 650,952 Total Soft Costs 2,441,069 TOTAL COSTS $ 8,358,812 F EEDBACK & DIRECTION