Lisbon School Department

Serving the communities of Lisbon and Lisbon Falls

Community Informational Night

April 9, 2014

Informational Night Overview

Guaranteed Performance Contract (Update) Updated Costs (Local Tax Impact) Track Gymnasium (Schematic Design Phase) Bond Interest Impact Updated Construction Timeline(s) Schedule for Bond Referendum Clarifying Questions (FAQ) Questions/Comments

Guaranteed Performance Contract

In January, 2014, the Town of Lisbon and the Lisbon School Department selected Siemens Industries to complete a comprehensive energy audit. In May, Siemens will provide recommendations and detailed calculations for Facility Improvement Measures for our consideration. These improvements will be paid for through the guaranteed energy savings, so there is no new money required.

Lisbon School Departments

Proposal (2014) All Weather Running Track ($350,000)

6 Lanes, 400 Meters

Track

Field Event Equipment ($40,000) Fencing ($25,000)

(Estimates)

Local Tax Impact

Track

10 Year Bond ($500,000)

Local Budget Increase 2014/2015 ($4,687) 2015/2016 ($58,775) $58,775 (.13 Mil/$13 per $100,000)

Gymnasium
Proposal (2014)

Total Estimated Cost $5,707,864 Schematic Design Phase I and II

Programming Meetings (Staff) Design Floor Plans Design Elevations (3-D Model) Calculate Actual Costs Community Meetings (Straw Poll)

Gymnasium
Local Tax Impact 20 Year Bond ($5,700,000) Local Budget Increase 2014/2015 ($161,481) 2015/2016 ($455,459)

$455,459 (.99Mil/$99 per $100,000)

Lisbon School Department Bond Interest Impact

Maine Municipal Bond Bank (LCS, 2004) Qualified School Construction Bond (2010) Annual Savings in Interest $18,000-$34,000 Potential Impact (Handout)

Track/Gymnasium
Final Local Tax Increase Final Local Tax Increase (Combined) 2014/2015 $132,121 (.29Mil/$29 per $100,000)

2015/2016 $329,763 (.72Mil/$72 per $100,000)

Track April Timeline Construction

Total (12-14 Weeks) 8-10 Weeks Excavation/Base Work 1-2 Weeks Track Surface/Painting

Gymnasium April Timeline Construction

Next 14 Months: Schematic Design Design Development Construction Documents Bidding Phase Construction Phase (
(2 Months)

Informational Meetings: Straw Poll

(1 1/2 Months) (2 Months) (1 Month) 8 Months)

Track/Gymnasium April Bond Referendum Timeline

Tuesday, April 15, 2014 Public Hearing/Town Council Approval Friday, May 9, 2014 Absentee Ballots Available

Tuesday, June 10, 2014 Bond Referendum

Track/Gymnasium ClarifyingApril Questions (FAQ)

Why a June Referendum? Will there be a Bond for the Performing Arts Center?

Why cant we wait for State funding?

Track/Gymnasium April Now? Why Build

Budget Validation Referendum (June) Started Planning in 2010
Schematic Design Phase I Shovel Ready

Cost of Project(s) Increases (3%/$180,000) Interest Rates Guaranteed Performance Contract RSU #5 Withdrawal Working Group
200 Students/Accreditation

INVESTMENT IN COMMUNITY

Track/Gymnasium April Questions/Comments

Thank You!