Hutchinson School Bond 2017
Hutchinson School Bond 2017
History of Hutchinson Façade • July 2016: School Facilities Team sees cracking & bulging of yellowbrick façade, Kaese & Lynch Architects hired to assess condition • Pedestrian bridge/scaffolding erected, area near north wall fenced off and loose sections of brick stabilized for safety • Recommendation: full replacement of façade, windows, lintels and roof; assessment confirmed by independent firm, Approx. $8 million
History of Hutchinson Facade (Continued) • June 2017: Destructive testing indicates building structurally sound, provides better insight into underlying conditions • June-Present: Board reviewing various options and concepts for Hutchinson/other facilities
Accessibility • Hutchinson is grandfathered in to Americans with Disabilities Act (ADA) • Façade replacement = major project = Hutchinson required to increase accessibility • Elevators, lifts, ramps and bathroom improvements are necessary • Difficult to put an elevator in existing building • Building addition best option for elevator
Capacity • School enrollment has grown over the decades • Portables were added in the 1970s • Some classes now being held on basement level • Increased need for related services (Reading, academic intervention, speech, etc.)
Considerations for Building Addition • Accessibility • Capacity • Improved Security
Hutchinson Options • Presented with variety of renovation/addition options • All addition options include façade, roof and window replacement (building envelope) • All addition options include relocation of main office, increased accessibility, replacement of portables with permanent classrooms (2), renovation of library and AC in the addition • Variations: number of classrooms, multipurpose/cafeteria space, level of interior renovation to rest of the building • Also presented with a new building option
Replacement • Elevator • 2 classrooms that replace portables • Approx. $18.1 million
Expansion • Elevator • 2-8 classrooms • Cafeteria/Multipurpose Room • No additional renovation to main building • Approx. $19.4 million$26.7 million
Expansion & Renovation • Elevator • 2-6 classrooms • Cafeteria/Multipurpose Room • Scalable light to gut renovation of main building • Up to $43.3 million
New Building • Preliminary in concept • Three possible site locations • Comparable number of classrooms • Gym + Cafeteria/Multipurpose room • Fully Accessible • Fully Air conditioned • Approx. $42 million
Hutchinson Financing • Actual tax impact cannot be determined until full scope of bond is known • AAA Rating • Working with Capital Markets to project and understand short/long-term tax impact and best financing strategies • Examining strategies for maximizing state aid • 15-year vs. 30-year bonding • 1% increase in taxes raises $600,000 based on average home assessment of ($810,000) • On average 1% tax increase is approximately $160 per year
Hutchinson Financing Breakout (Estimated) Replace
New Building
• $1.1 million annual debt service • 2% increase • $320 per year (average) • 15 Year Amortization
• $1.9 million annual debt service • 3% increase • $480 per year (average) • 30 Year Amortization
Expansion & Renovation • $1.2-$3 million annual debt service • 2%-5% increase • $320-$800 per year (average) • 15 Year Amortization
Option
Debt Service Increase
Replace
Approx. Increase to Tax Levy
Approx. Increase to Avg. Taxpayer
Pay Back Over (Years)
$1.1 M 2%
$320
15
Expand/ Renov.
$1.2$3 M
$320$800
15
New Building
$1.9 M 3%
$480
30
2-5%
Decision Making Process • • • • •
Stewardship of District assets Safety Capacity and enrollment needs Tax impact Others?
Next Steps • Target of October 10 to make Hutchinson decision • After Hutchinson decision, review and prioritize needs at other buildings/facilities • Work Sessions continue: 10/24, 11/14, 11/28 • Goal of December 5 Final Scope presentation
Questions? More info at www.pelhamschools.org
History of Hutchinson Façade • July 2016: School Facilities Team sees cracking & bulging of yellowbrick façade, Kaese & Lynch Architects hired to assess condition • Pedestrian bridge/scaffolding erected, area near north wall fenced off and loose sections of brick stabilized for safety • Recommendation: full replacement of façade, windows, lintels and roof; assessment confirmed by independent firm, Approx. $8 million
History of Hutchinson Facade (Continued) • June 2017: Destructive testing indicates building structurally sound, provides better insight into underlying conditions • June-Present: Board reviewing various options and concepts for Hutchinson/other facilities
Accessibility • Hutchinson is grandfathered in to Americans with Disabilities Act (ADA) • Façade replacement = major project = Hutchinson required to increase accessibility • Elevators, lifts, ramps and bathroom improvements are necessary • Difficult to put an elevator in existing building • Building addition best option for elevator
Capacity • School enrollment has grown over the decades • Portables were added in the 1970s • Some classes now being held on basement level • Increased need for related services (Reading, academic intervention, speech, etc.)
Considerations for Building Addition • Accessibility • Capacity • Improved Security
Hutchinson Options • Presented with variety of renovation/addition options • All addition options include façade, roof and window replacement (building envelope) • All addition options include relocation of main office, increased accessibility, replacement of portables with permanent classrooms (2), renovation of library and AC in the addition • Variations: number of classrooms, multipurpose/cafeteria space, level of interior renovation to rest of the building • Also presented with a new building option
Replacement • Elevator • 2 classrooms that replace portables • Approx. $18.1 million
Expansion • Elevator • 2-8 classrooms • Cafeteria/Multipurpose Room • No additional renovation to main building • Approx. $19.4 million$26.7 million
Expansion & Renovation • Elevator • 2-6 classrooms • Cafeteria/Multipurpose Room • Scalable light to gut renovation of main building • Up to $43.3 million
New Building • Preliminary in concept • Three possible site locations • Comparable number of classrooms • Gym + Cafeteria/Multipurpose room • Fully Accessible • Fully Air conditioned • Approx. $42 million
Hutchinson Financing • Actual tax impact cannot be determined until full scope of bond is known • AAA Rating • Working with Capital Markets to project and understand short/long-term tax impact and best financing strategies • Examining strategies for maximizing state aid • 15-year vs. 30-year bonding • 1% increase in taxes raises $600,000 based on average home assessment of ($810,000) • On average 1% tax increase is approximately $160 per year
Hutchinson Financing Breakout (Estimated) Replace
New Building
• $1.1 million annual debt service • 2% increase • $320 per year (average) • 15 Year Amortization
• $1.9 million annual debt service • 3% increase • $480 per year (average) • 30 Year Amortization
Expansion & Renovation • $1.2-$3 million annual debt service • 2%-5% increase • $320-$800 per year (average) • 15 Year Amortization
Option
Debt Service Increase
Replace
Approx. Increase to Tax Levy
Approx. Increase to Avg. Taxpayer
Pay Back Over (Years)
$1.1 M 2%
$320
15
Expand/ Renov.
$1.2$3 M
$320$800
15
New Building
$1.9 M 3%
$480
30
2-5%
Decision Making Process • • • • •
Stewardship of District assets Safety Capacity and enrollment needs Tax impact Others?
Next Steps • Target of October 10 to make Hutchinson decision • After Hutchinson decision, review and prioritize needs at other buildings/facilities • Work Sessions continue: 10/24, 11/14, 11/28 • Goal of December 5 Final Scope presentation
Questions? More info at www.pelhamschools.org
