WCSD Proposed 2022 Capital Project Building Presentations November/December 2022
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Agenda 1. How We Got Here? 2. Project Specifics 3. Financing 4. Next Steps 5. Q&A
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Background ✘
Planning is always ongoing!
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Based on many things - Yearly Budget Requests - Building Condition Survey (BCS)-state mandated - School/Community Conversations
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Background ✘
Presented the 5-year BCS (Really 7 this time) - Estimated almost $400 million in work to be done
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July & August Follow Up Presentations - Website created
2. Elementary Schools
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Project Specifics-Sister Schools Schlegel ✘ ✘ ✘ ✘
OWL Expansion Upgrade Generator Sidewalk/Front entrance repair Gym AC
Plank South ✘ ✘ ✘
Sidewalks/Front Entrance repairs Upgrade Generator Gym AC
Klem South ✘ ✘ ✘
Sidewalks/Front Entrance repairs Upgrade Generator Gym AC
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Project Specifics - Brother Schools Klem North
State Road
✘ Building HVAC Upgrades ✘ Roof Replacement ✘ Sidewalk/Front entrance repair ✘ Upgrade Generator
✘ Building HVAC Upgrades ✘ Roof Replacement ✘ Sidewalk/Front entrance repair ✘ Upgrade Generator ✘ Parking lot reconstruction
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Project Specifics - Stand Alone Plank North
Dewitt Road
✘ Building HVAC Upgrades ✘ Roof Replacement ✘ Sidewalk/Front entrance repair ✘ Upgrade Generator ✘ New access road and bus loop
✘ Building HVAC Upgrades ✘ Roof Replacement ✘ Sidewalk/Front entrance repair ✘ Upgrade Generator ✘ Parking lot reconstruction
3. Secondary Schools
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Project Specifics - Middle Schools Willink
Spry
✘ OWL Expansion ✘ Upgrade Generator ✘ Parking lot reconstruction and redesign ✘ Classroom Door Replacement ✘ Parking Lot Lights/Roof (maybe)
✘ AC/HVAC ✘ Restroom Reconstruction ✘ Interior Spaces ✘ Fire Safety Systems ✘ Upgrade Generator
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Project Specifics - High Schools Schroeder
Thomas
✘ Exterior Brickwork ✘ Interior Spaces
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✘ Fire Safety Systems ✘ Upgrade Generator ✘ Stadium turf replacement
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Doors/Cabinetry Carpet/Flooring Ceilings/Lights
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OWL Expansion AC/HVAC Interior Spaces - Doors/Cabinetry - Carpet/Flooring - Ceilings/Lights Fire Safety Systems Upgrade Generator Stadium turf replacement & Track surface Exterior Spaces
4. Financial Data
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$115,000,000
Total Estimated Project
$10,000,000
Capital Reserve Funding Applied
$105,000,000
Final Amount of Debt to be Financed
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$144,820,663
Total Estimated Cost of Borrowing (Interest Included)
$103,166,611
Total State Aid applied -76.6% Aid Ratio
$41,654,051
Estimated Local Share ( Approximately over 23 years)
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1.1%
Estimated Increase on the Tax Cap Calculation Per Year
$1,295,850
Average Yearly Amount of Local Share-
$40 (Based on $220,000 house)
Estimated Increase on community member’s bill per year
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Cost By Major Area to be Performed OWL Additions
HVAC Work
Building Exterior
$31,145,539
$29,713,705
$17,590,309
Building Interior
Roofing
Fire & Safety
$14,516,326
$11,358,687
$10,675,434
5. Next Steps
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What’s Up Next… ✘
Vote Scheduled-December 13th, 2022 - Work backwards from summer construction schedule - 4-6 months for architectural/engineering design - 8-12 months for SED approval - 1-2 months for public works bidding - Goal Summer of 2024 with first phase
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After the Vote… ✘ ✘
In the words of Stevie Wonder, I am very Superstitious! Waiting for project approval before beginning: - Plan the minutiae, how best to phase the project - Maximize state aid flow - What other districts are voting & type of work - Labor Shortages - Supply Chain scheduling - Begin focus groups for detailed planning - Publish legal notices ✓ Building visits - Board update at meeting before the vote on progress planning
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Thanks! Any questions?