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  • BAC Recommendation To School Board - 05!05!11

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    2011 LTISD Bond Proposal bond Advisory Committee approach Evaluate LTISD's bond Processes and History. Assess Cost Estimating Methods 2. Accountability for past Bond Funds 3. Vetting Process for Initial Proposals 4. Overall Needs Assessment Efficiency and Economy of Scale. Build Strong "Case for Action" - our student enrollment is growing - Reliable demographic analysis predicts steady and continued growth.

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    BAC Recommendation to School Board_05!05!11

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    2011 LTISD Bond Proposal bond Advisory Committee approach Evaluate LTISD's bond Processes and History. Assess Cost Estimating Methods 2. Accountability for past Bond Funds 3. Vetting Process for Initial Proposals 4. Overall Needs Assessment Efficiency and Economy of Scale. Build Strong "Case for Action" - our student enrollment is growing - Reliable demographic analysis predicts steady and continued growth.

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    8 views14 pages

    BAC Recommendation To School Board - 05!05!11

    Uploaded by

    ltisdbonds
    2011 LTISD Bond Proposal bond Advisory Committee approach Evaluate LTISD's bond Processes and History. Assess Cost Estimating Methods 2. Accountability for past Bond Funds 3. Vetting Process for Initial Proposals 4. Overall Needs Assessment Efficiency and Economy of Scale. Build Strong "Case for Action" - our student enrollment is growing - Reliable demographic analysis predicts steady and continued growth.

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    2011LTISDBondProposal

    BondAdvisoryCommittee Approach
    EvaluateLTISDBondProcessesandHistory 1. CostEstimatingMethods 2. AccountabilityforpastBondFunds 3. VettingProcessforInitialProposals 4. OverallNeedsAssessment EfficiencyandEconomyofScaleEfforts ValidateAccuracyofPastDemographicData DevelopandUtilizeDecisionMakingCriteria Comprehension,Discussion,andConsensus RepresenttheCommunity

    BondAdvisoryCommittee Commitment
    PersonalTime 7BACMeetings@3hourseach PreparationandFollowUp AlwaysConsidertheEducators,StudentsandVoters Objectivity MakeDataBasedDecisions Consensus SupporttheDecisionsoftheTeam Examineanythingthatwouldadverselyimpactthis BondProposalbecauseofhowcriticalapprovalis. BuildStrongCaseforAction

    CaseForAction
    Ourstudentenrollmentisgrowing Reliable demographicanalysispredictssteadyandcontinued growth Newandexpandedfacilitiesareneededtomeetthis growth Ourcurrentfacilitiesareatornearcapacity Theuseofportableclassroomsisnotaviable solution theextendeduseofportablesis expensive,unsightly,andnotapreferredlearning environment

    CaseForAction
    UseoftheO&Mcomponentofthedistrictbudgetto fundexpansiontomeetagrowingstudentpopulationis notfeasible LTISDisaChapter41(RobinHood) schooldistrictandthisapproachwouldrequiretaxing$2 toreceive$1inusablefunds. WithoutI&Sfundingofschoolconstructionviathisbond proposal,LTISDwillnotbeabletomeetfuture growth/capacityrequirements.

    CaseForAction
    Delayingschoolconstructionwillresultin crowdinginourexistingfacilitiesandincreased student/teacherratios,whichcouldadversely impactstudentperformance. EffectivelyutilizedTechnologyhasastrong correlationtoimprovedoperationalefficiencies, exemplarystudentperformanceandattendance.

    DecisionCriteria
    EnrollmentGrowth ProgramViabilityandEquity ProtectandReplaceAssets Neededin57YearBondHorizon SupportCoreServices FulfillRegulatoryRequirements SupportLTISDs HighEducationalStandards Necessary NotNiceToHave TaxPayerImpact VoterReaction

    BondProposalSummary
    $266,106,745 OriginallyIdentifiedComponents
    ($85,276,797) EliminatedbyLTISDSr.Staff

    $180,829,948 PresentedtoBACforconsideration

    BondProposalSummary(cont)
    $180,829,948 PresentedtoBACforconsideration
    +$613,905 AdditionalSafetyandElectricalUpgrades ($12,286,940) TightenedConstructionEstimates ($5,811,477) NewEarlyChildhoodCenter ($1,444,908) AllAthleticFacilityImprovements ($543,403) RevisedTechnologyCostEstimates ($2,435,512) RevisedTechnologyProposal ($467,274) Contingency&ClosingCostReduction

    $158,454,339 CurrentBondProposal

    BondComponentAnalysis
    BigFour:
    1. 2. 3. 4. NewElementary#6 $25,000,538 HBMSExpansion $22,246,711 NewLTMS $53,729,520 LTMSConversiontoLTHS$20,624,740 Total $121,601,509(77%)

    RemainingComponents=$36,852,830

    BondComponentAnalysis(cont)
    OtherNecessarySchoolProjects(13%)
    LakeTravisHighSchool$8,594,354 LakeTravisElementary$2,028,752 Lakeway Elementary$3,580,588 BeeCaveElementary$2,581,132 LakePointeElementary$2,004,481 SereneHillsElementary$1,937,955 Total $20,727,262

    BondComponentAnalysis(cont)
    DistrictWide BondReimbursements Contingency ClosingCosts Total $9,277,383(5.8%) $500,000(.3%) $4,548,185(3%) $1,800,000 (1.1%)

    $16,125,568(10.2%)

    EstimatedTaxImpact
    Taxincreaseofthisbondisapproximately$0.0924,foratotaltax rateof$1.4083. AnticipatedaveragemarketvalueofaresidenceinLakeTravisISD isapproximately$400,000for201112. AfterLTISDs20%OptionalHomesteadExemptionandtheStateof Texas$15,000MandatedExemption,thisbondelectionrepresents anincreaseofapproximately$281.88annuallyfortheaverage homeowner. Residentsoverage65withataxFreezewillhavenotaximpact asaresultofthisbondelection.

    Summary
    DemographicsandCapacityDemandAction ExtendedUseofPortablesIsNotViable O&MCannotFundExpansion DelayingExpansionHasHighPotentialforAdverseImpact onStudentPerformance EffectivelyUtilizedTechnologyyieldsmultiplebenefits TheBondAdvisoryCommitteeUnanimouslyRecommends AnOverallBondProposalof:

    $158,454,339

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