Financial Solutions & Property Options for School District Planning
Explore funding sources, capital projects, portable locations, wing construction costs, bank loans, and property purchase options for a school district, all detailed in the content provided.
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Presentation Transcript
3/22/22 Board Workshop Allocations/ Capital Projects
SBHC Funding Sources 1.5 Mill Generates per year Debt Service payment through 2032 Annual transfer to GF for maintenance $8,907,154 $4,082,337 $3,600,000 cent sales tax Generates per year (Available tax through 2036) Current cash balance $6,500,000 $5,377,000
SBHC Location of Portables 3/17/22 Location County (99) Federal (98) Leased (97) Total AES PES APM APH ******* LCE LPE LPM LPH LPH PE LPBG ******* CTE FWE SNL WES SMS SHS ******* ACH EOD HVS SHIREY Total 80 48,52 30,46,47 3 9 0 1 61,62,71,73,75,76 44 ****************** 63,65,70,83,84 74,81,90,91,97,101 66 94 233 34 ****************** 59,60 ****************** 58 45,54,55 ***************** 341, 418, 420 9 9 1 2 1 1 6 ****************** ****************** 844,853,943,944 135,136,966 126 128,169,359 6 4 4 11 4 5 98 57 13,78 67,68,79,82 64,85,86,96 49,50,92,93,95 ****************** 38,51,69 19,72,89,T-351 77,87,88 10,24 52 3,43,53,56 ******************* ****************** 3 6 7 2 88 27 370 286,840,877,952 17 19 CURRENTLY NO PORTABLES AT APBG, APM AND HM
Wings LCE & WES Cost to build wing with 10 classrooms $ 3,150,000 Site & Engineering Costs $ 850,000 Total cost per wing $ 4,000,000
Financial Solution for Wings COP Bank Loan (wing at LCE and WES) Annual Debt Service $ 8,000,000 $ 875,000 (13 year term)
District Office Option #1 Lakeshore Mall former JC Penny Box Anchor 62,930 square feet of commercial space 329 dedicated parking spaces Original asking price Asking price 2/11/22 $3,300,000 $2,750,000 Polk Appraisal Boyd Appraisal $2,500,000 $1,913,000
District Office Option #1 Purchase of Building $ 2,750,000 Potential costs for renovations ($140 sq ft) Architectural/Engineering Costs $ 8,810,200 $ 663,000 Total $12, 223,200
Financial Solution for Wings & Option #1 Purchase J. C. Penney building with cent sales tax COP Bank Loan (two wings and remodeling JC Penney) $17,000,000 Annual Debt Service (13 year term) $ 1,555,000
District Office Option #2 Purchase of property 8 acres (ranges from $360,000- over 1,000,000) Options to lease or buy Potential costs for new construction ($225 sq ft) Architectural/Engineering costs Site development Landscaping $ 360,000 $ 14,159,250 $ 962,000 $ 1,200,000 $ 250,000 $ 16,931,250
