CANDOR BUS GARAGECAPITAL IMPROVEMENT PROJECT PUBLIC VOTE TUESDAY, MARCH 25, 2008 NOON - 9:00 PM HIGH SCHOOL AUDITORIUM
PUBLIC INFORMATIONMEETING OBJECTIVE To present information necessary to allow each person the opportunity to make an informed decision regarding the project proposal.
OUTLINE FOR THE PUBLIC HEARING • Review of the history of recent projects • Current project summary • Financial comparisons • Questions
CANDOR BUS GARAGECAPITAL IMPROVEMENT PROJECT History: • 2004 State Mandated Building Condition Survey: • Main campus, following the 2002-2003 Project, in excellent condition • Bus garage, constructed in 1965 and unimproved since, in need of major repair • Areas of repair noted in report: • Roof • Heat • Electrical System • Storage Capacity • Safety Conditions • Asbestos Abatement • Plumbing • Handicap Accessibility
CANDOR BUS GARAGECAPITAL IMPROVEMENT PROJECT History continued: Joint Project #1 - Too big, too fancy, too complicated. - Community urged Town and BOE to try again. - Community comments about the project not including any money to develop green space. Joint Project #2 - School cut $2.5 from project. - Indoor storage
CANDOR BUS GARAGECAPITAL IMPROVEMENT PROJECT History continued: After second Town/School defeat, - Architects draw individual plans for school - $7.3 million dollars. - Issue ordered by school to keep project at or below $6.1 million dollars. - Project redesigned utilizing existing bus garage for office area rather than constructing new space and use of the “pole barn” concept for bus storage. - Redesigned project costs projected at $5.7 million dollars plus $434,000 capitalized interest, for a total of $6.14M. Capitalized interest the money used to make first principal and interest payment before first state aid reimbursement. Good school district credit rating and sound investing has limited the necessity for capitalized interest in the past. It is anticipated that all or a majority of this money will not need to be utilized for the project.
CANDOR BUS GARAGECAPITAL IMPROVEMENT PROJECT History continued: Summary – The current proposal is for a renovated bus garage, new work bay, new office area, storage areas, and wash bay, along with 30 acres of land for $5.7 million dollars and $434,000 of capitalized interest, if necessary.
CANDOR BUS GARAGECAPITAL IMPROVEMENT PROJECT- Financial comparisons Previous Joint Project vs. Current Bus Garage Proposal (School’s costs only) 20 years – Addition 15 years - Renovation Total cost to taxpayers: $643,628 vs $317,045 Annual cost to taxpayers: $32,181 vs $21,136 Tax on true for $100K home: $14 vs $9.61 Interest paid over project life: $3.54M vs $2.07M State Aid percentage: 92% vs 96%
CANDOR BUS GARAGECAPITAL IMPROVEMENT PROJECT- Details of project and project costs • Any money spent as part of an approved capital project receives state aid - in this case - 96%. The goal is to protect the capital assets of the District in the most cost efficient manner possible. • The District can have the facilities upgraded appropriately and completed in one project OR implement a long term repair and maintenance plan that will cost the taxpayers 3-5 times more money. • The District has been very good about protecting the integrity of the facilities. The Bus Garage has had virtually nothing done to it since it was built in 1965. The renovations proposed should last the District another 45-50 years.
CANDOR BUS GARAGECAPITAL IMPROVEMENT PROJECT- Financial comparisons If the project is defeated, the District will have to embark on a long term repair program to address the short term needs of the bus garage. This would include the roof ($100,000), the bus wash ($448,000), the hydraulic bus lift ($115,000), the electrical system ($100,000), the plumbing system ($100,000), and the HVAC system ($200,000) for a total of $1,065,000. If $100,000 per year is added to the district budget, this work will take 11 years to complete this work, and without being part of an approved capital project, the expense will fall to the taxpayers. These projections do not include increases for inflation.
CANDOR BUS GARAGECAPITAL IMPROVEMENT PROJECT- Financial comparisons The work in the previous slide would not address the need for a new work bay, bus storage space, office space, site work and paving, asbestos removal, handicap compliance, or the acquisition of state aidable land and the District will have spent $1.1 million dollars vs. $317,000.
CANDOR BUS GARAGECAPITAL IMPROVEMENT PROJECT- Financial comparisons $21,136 per year for 15 years Vs. $33,000 – estimate of districts utility costs and custodial support during 2005-2006 fiscal year for the following organizations: Youth Commission, Community Chorus, Alumni Association, Adult Basketball and Volleyball, Post Prom Party, Adult GED…
CANDOR BUS GARAGECAPITAL IMPROVEMENT PROJECT- Financial comparisons $21,136 per year for 15 years Vs. $28,200 per year for state required fiscal compliance audit functions.
CANDOR BUS GARAGECAPITAL IMPROVEMENT PROJECT- Financial comparisons $21,136 per year for 15 years Vs. $81,000 for required Workman’s Comp. and Unemployment Insurance
CANDOR BUS GARAGECAPITAL IMPROVEMENT PROJECT • The Land The district has the opportunity to buy 30 acres of land for $5000 per acre. As it has been stated previously, the State Education Department will aid the purchase of land adjacent to District owned property. The purchase of the land will receive 96% aid from the state, leaving 4% of the cost to the community, or $200 per acre. For a total investment of $6000, the district can purchase 30 acres of land for future use. The $300,000 included in this project to level the land and grow green space for school and community use will require a total investment of $12,000 from the community. *Guardhelp. The $18,000 investment into the 30 acres of land around the bus garage is spread over the 15 year project, or $1200 per year.
CANDOR BUS GARAGECAPITAL IMPROVEMENT PROJECT • The Board of Education and School Administration understand the concept of “taxpayers money”. Please do not think that if this project is voted down that the State will send back $5.8 million dollars to it’s constituents. The money will fund some other District’s project. Until the State completely changes school funding, those are the rules by which we operate. • Candor can complete a highly aided project that will address the school’s needs and last for another 45-50 years, or we can spend more local money to band aid our facilities for years to come.
CANDOR BUS GARAGECAPITAL IMPROVEMENT PROJECT • Please vote on Tuesday, March 25th, 2008 Candor High School Auditorium Noon – 9:00 PM
CANDOR BUS GARAGECAPITAL IMPROVEMENT PROJECT • Response to a question regarding the break down of costs per major component area (ex. Addition and pavilion, renovations, and site work) vs. the categories shown on slide 20 in this power point presentation. • As provided by an estimate from Christa Construction on February 4th, 2008: • Addition and Bus pavilion * $1,906,300 • Renovations $1,369,600 • Sitework $1,060,800 • Construction contingencies $ 787,000 • Incidentals (Legal, Architectural, Testing…) $1,016,000 • Total $6,140,000 *Independently, I have broken our the costs associated with the pavilion separately from the addition. $1,366,788 - Addition $539,512 - Pavilion