HomeMy WebLinkAboutBond and CIP presentationProposed 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