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SCHOOL DISTRICT OF BELLEVILLE

SCHOOL DISTRICT OF BELLEVILLE. ACT 32 ENERGY EFFICIENCY EXEMPTION – 6/2/14. Agenda. Identified capital and infrastructure needs, utility budget waste stream Funding Options for Improvements Energy Efficiency Revenue Limit Exemption Program History & Legislative Overview

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SCHOOL DISTRICT OF BELLEVILLE

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  1. SCHOOL DISTRICT OF BELLEVILLE ACT 32 ENERGY EFFICIENCY EXEMPTION – 6/2/14

  2. Agenda • Identified capital and infrastructure needs, utility budget waste stream • Funding Options for Improvements • Energy Efficiency Revenue Limit Exemption Program • History & Legislative Overview • WI K12 Experience & References • Performance Contracting • Long-Term Educational Facility Planning (Phase 2) • Process/Next Steps • Sample Project

  3. Infrastructure Needs / Utility Waste • Based on our site visit and feedback obtained from the School District of Belleville staff, the following list of Facility Improvement Measures (FIMs) were identified. • Roofing/Building Envelope Improvements – Middle School Roof has issues with the pitch and is leaking (20+ years old), interior sealing of gaps/cracks/holes, weather-stripping • Exterior Lighting Upgrades – existing fixtures are old technology such as HPS and incandescent. • Water Conservation – by installing Retrofit kits, existing water fixtures will exhibit low flow technology and flush rates to reduce water consumption. • IT Upgrades – phone system and network infrastructure are in need of replacement and upgrade to remain current with 21st century learning • Long Term Educational Facility Planning – Educational facility planning assumes a relationship between teaching methods, student performance, classroom environment, facility age and conditions, technology use, and community factors.

  4. Funding Options for Capital Projects • Operating Budget • Fund Balance • Exceed the Revenue Limit for Energy Efficiency (Act 32) • Referendum Approved Debt

  5. Energy Efficiency Revenue Limit ExemptionWisconsin Statute 121.91(4)(o)1 2009 Wisconsin Act 28 Created the Energy Efficiency Exemption (EEE) for projects completed within the fiscal year. 2011 Wisconsin Act 32 The law is modified such that a district may adopt a resolution to increase its revenue limit by the amount spent by the district in that school year on a project to implement energy efficiency measures or to purchase energy efficient projects, including the payment of debt service on bonds or notes issued to finance the project if: • The project results in the avoidance of, or reduction in, energy costs or operational costs; • The project is governed by a performance contract entered into under s. 66.0133; and • The bonds or notes to finance the project, if any, are issued for periods not exceeding 20 years.

  6. Exemption Benefits • Operating Budget focused on student outcome and achievement • Accomplish immediate needs today by financing investments to minimize tax impact • Maintain healthy fund balance (# of phases)

  7. Exemption Experience Completed Projects in WI using the Energy Exemption • Berlin Area School District • Fontana Joint 8 School District • Green Lake School District • Hillsboro School District • Madison Metro School District • Menasha Joint School District (3) • Monona Grove School District (4) • Oregon School District • Osceola School District (2) • Oshkosh Area School District (7) • Port Washington School District (2) • Shell Lake School District • Southern Door School District • Spooner Area School District • Westby Area School District • Whitewater Unified School District (2) In Progress • Lake Geneva School District • Omro School District • Raymond School District • Jefferson School District • Oconomowoc School District • Riverdale School District • Manawa School District • Seymour School District (# of phases)

  8. Performance Contracting Overview Operational Changes Cultural Changes Cash Flow to Client Capital Projects Cash Flow to Client Utility and Operation Savings + Utility and Operation Savings Utility Costs + Utility Costs Utility Costs During Project Post Project Now

  9. Performance Contracting Benefits • Guaranteed Outcomes • Price, Energy Savings, Performance • Financial mechanism • Facility Improvements • Deferred maintenance reduction • Operational cost savings/avoidance • Improvements to occupant environment • Innovation • Opportunity for sustainability and energy awareness • Turnkey Solution • Single source accountability

  10. Financial Impact Example • Assume for every $1 million borrowed, the impact would be about 12 cents on the mill rate or $12 on $100,000 home. • Graph is showing two years left on the existing debt, and adding debt for the next two years until the drop; then, filling the drop with the debt from the Energy Exemption and a referendum.

  11. Long-Term Educational Facility Planning Approach • Educational facility planning assumes a relationship between teaching methods, student performance, classroom environment, facility age and conditions, technology use, and community factors • Answers these key questions: • What is Needed? • What Can We Afford? • New or Renovated Facilities? • When Should We build? • How Much Should We Invest? • Where Will the Money Come From? • Community Support For Our Decisions?

  12. Long-Term Educational Facility Planning Approach • Process • Admin & Planning Team Kickoff May 15, 2014 • Data Gathering (Pre-Committee Work) June – Sept 2014 • Facility Master Planning (Planning Committee) Sept – Nov 2014 • Conceptual Solutions Options (Planning Committee) Nov – Dec 2014 • Recommendations to Board January 2015

  13. Financing • Performance Contract Timeline/Next Steps • May 12 • Board discusses energy efficiency project financing -- including potential scope, amount, process and tax impact • May 19 • Board adopts Initial Resolution Authorizing the Issuance of Bonds in an Amount Not to Exceed ($2.4M) for Energy Efficiency Projects (30-day petition begins) *McKinstry, Heartland, and Belleville determine scope of phone system upgrade including manufacturer, type, features, quantity, cost, etc. • June 23 • McKinstry to present Final program & Energy Savings Performance Contract (ESPC) including the guaranteed price, savings, and overall performance. • July 3 • 30-day petition period has expired. • July 7 • Board approves McKinstry Phase 3 Performance Contract *Notice to Electors of performance contract award to McKinstry (Notice must be published 10 days prior to awarding of the contract) • July 28 • Bond sale • August • Bond settlement (funds available) • July - January • Project implementation & Long-Term Planning

  14. Questions / Discussion • Thank you!

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