Capital Project Planning
Webster Central School District August 15, 2022
AGENDA
1. Project Summary 2. Financial Overview 3. Next Steps
1. Project Summary
High Schools
Schroeder
Thomas
★ ★ ★ ★ ★
★ ★ ★ ★ ★ ★
Exterior Brickwork Interior Spaces Fire Safety Systems Upgrade Generator Stadium turf replacement
OWL Expansion AC/HVAC Interior Spaces Fire Safety Systems Upgrade Generator Stadium turf replacement & Track surface
Middle Schools
Willink
Spry
★ OWL Expansion ★ Upgrade Generator ★ Parking lot reconstruction and redesign
★ ★ ★ ★ ★
AC/HVAC Restroom Reconstruction Interior Spaces Fire Safety Systems Upgrade Generator
Sister Elementary Schools
Schlegel
Plank South
★ OWL Expansion ★ Upgrade Generator ★ Sidewalk/Front entrance repair ★ Gym AC
★ Sidewalks/Front ★ Sidewalks/Front Entrance repairs Entrance repairs ★ Upgrade ★ Upgrade Generator Generator ★ Gym AC ★ Gym AC
Klem South
Brother Elementary Schools
Klem North
State
★ 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
Stand Alone Style Buildings
Plank North
Dewitt
★ 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
2. Financial Data
CATEGORIES OF WORK TO BE PERFORMED
OWL BUILDING ADDITIONS
$31,145,539
HVAC
$29,713,705
BUILDING EXTERIOR WORK
$17,590,309
BUILDING INTERIOR WORK
$14,516,326
ROOFING
$11,358,687
FIRE & SAFETY SYSTEMS
$10,675,433
*Estimates
$115,000,000 Total Cost
$10,000,000 Capital Reserve Applied
$105,000,000 Final Amount of Debt to be Financed
*Estimates
$144,820,663 Total Cost For Borrowing (Interest Included-23 Years)
$103,166,611 State Aid Applied -76.6% Aid Ratio
$41,654,051 Local Share (Total Over 23 Years)
*Estimates
1.1% Estimated Increase on Tax Levy Limit Per Year
$1,295,850 Average Yearly Amount of Local Share -Capital Exclusion
Debt & Aid Would Increase, thus Creating a larger Capital Exclusion
Not actual projections, but using this years levy for illustration purposes only
Why 1 Proposition vs. 2 Separate?
2016 Project $43.5 M
Total $113 M
2018 Project $69.5 M
ADVANTAGES OF ONE PROPOSITION
» Flexibility » Able to adjust to market trends- cost protection » Ex. 2016 Steel Pricing » Long Range Planning » Phasing allows us to approach tax cap and debt service with a thoughtful approach for many years » Plan work that can build off of each other » Economies of scale » Only requires 1 SEQR and SHPO process » Project bidding-locks in pricing sooner
Timeline August 15 BOE Approval
September Adoption of Vote Resolution
October/November Publication of Legal Notices
3
5
1
2
4
6
Perform SEQRA ,SHPO , & Environmental Reviews
October Wrap Up of Environmental & SEQRA Review
December 13, 2022 Vote
Questions?