ACADEMY BOARD AGENDA ITEM BOE MEETING DATE: August 18, 2016
Subject: Resolution of support for the establishment of projects and expenditures for the bond election of November 8, 2016.
Recommended Action: BE IT RESOLVED, that the Board of Education approved the attached resolution of support for the establishment of expenditures associated with the bond election question of November 8, 2016, as recommended by the President of the Board of Education and Superintendent.
Background: In the summer of 2015 the Superintendent charged the Chief Financial Officer to develop a plan for bringing forward a bond issue to the Academy District 20 community within the next three years. After review of enrollment projections, current facility needs, charter
school needs, technology infrastructure needs, and projections of assessed value, the Chief Financial Officer recommended establishing a committee of stakeholders to consider current financial allowances and limitations, determine capital project needs, and evaluate growth. As such, the Superintendent directed the establishment of a Growth and Capital Needs Committee, comprised of representative stakeholders and guided by the collaborative input model. The committee met during the 2015 -16 school year and presented a final report and recommendations to the Superintendent on May 16, 2016 and to the Board of Education on June
2, 2016. In June, July, and August the Board of education discussed project recommendations on five occasions in arriving at this resolution.
Rationale/Objective: With few modifications to the committee's recommendations, the attached list of projects is recommended for completion in three phases over the next six to eight years, upon successful passage of the bond election question in November 2016.
Cost/Benefit Analysis: Projections show that $230 million in bonds can be issued in three phases, likely in 2017, 2020, and 2022, without raising the current 2016 mill levy (tax rate) of
+ New buildings and additions to accommodate growth
+ The district will follow a plan substantially influenced by a committee of community members
+ Every school building in the district will benefit from the plan
+ The district will establish an oversight committee of community members to assure the plan is followed.
+ Aging buildings can be improved to meet educational delivery demands of the 21st century
Alternatives: Add modular classrooms to schools in growth areas, increase class sizes, and meet capital and maintenance needs at a slowed pace.
Submitted by: Tom Gregory, Chief Financial Officer, Dr. Mark Hatchell, Superintendent, and
Mr. Glenn Strebe, Board of Education President.
Date: August 11, 2016
The companion document to the resultion with the list of Bond projects is available online.