MAHOPAC CENTRAL SCHOOL DISTRICT Board of Education Proposed Capital Project Presentation March 16, 2017
Proposed Capital Project • Energy Performance Project • Roof Replacement Capital Project • Financial Aspects • Project Timelines
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Energy Performance Contract (EPC) • EPC Basics • Mahopac Phase 1 EPC Project • Mahopac Phase 2 EPC Project
EPC Activity to Date • August – December 2015: Request for Proposals (RFP) period. Competing ESCOs audited district facilities. District received 4 proposals. • February 9th, 2016: BOE appoints Ameresco to conduct a Comprehensive Energy Audit. • February – September 2016: Ameresco develops Comprehensive Energy Audit to refine initial calculations, assumptions, cost estimates, etc.
EPC ‐ Project Scope • Lighting Fixtures upgraded to LED Technology • Replace Pneumatic Controls at Lakeview ES • Replace Exterior Doors (Lakeview ES, Fulmar Road ES, and Mahopac Falls ES) • Installation of Large-Scale, Roof-mounted Solar PV (Lakeview ES and Austin Road ES)
EPC Project Financials Estimated project size: $4,244,944 Project Financials: Year 1 Guaranteed Savings NYSED Aid Debt Payments Annual PV Maint. Total Positive Cash Flow (Year 1)
$261,527 $108,137 ($337,361) ($8,078) $24,225
***Over $1.3M in Positive Cash Flow over the 18 year term***
Next Steps (EPC Project) • Referendum Vote: May 16, 2017
• Comprehensive Energy Audit report • Formalize Contract with Ameresco • Engineering Design of Project • NYSED Submission in Fall 2017 • Construction 2018 (2019)
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L A K E V I E W E L E M E N TA R Y
L A K E V I E W E L E M E N TA R Y
Roof Plan ‐ Thermal Scan
L A K E V I E W E L E M E N TA R Y
A U S T I N R O A D E L E M E N TA R Y
A U S T I N R O A D E L E M E N TA R Y
Roof Plan ‐ Thermal Scan
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M A H O PA C H I G H S C H O O L
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M A H O PA C R O O F P R O J E C T
No Tax Impact – Roof Project •
Project, as structured, produces no tax impact to taxpayers
– Total cost of roof project $3.72 million – Use of capital reserve of $ 1.37 million, to pay down amount financed – District receives state aid on total project cost – Cost in year one is de minimis at $1.32 for full assessed value of $100,000
FY Ending 06/30/2018 06/30/2019 06/30/2020 06/30/2021 06/30/2022 06/30/2023 06/30/2024 06/30/2025 06/30/2026 06/30/2027 06/30/2028 06/30/2029 06/30/2030 06/30/2031 06/30/2032 06/30/2033 06/30/2034
Debt Service
ESTIMATED Building Net Tax Inc. Per Aid Debt Service $100,000 FV
45,732 133,337 195,750 192,250 193,688 195,000 196,188 192,313 193,375 194,313 195,125 195,813 196,375 196,813 197,125 192,375
203,216 203,216 203,216 203,216 203,216 203,216 203,216 203,216 203,216 203,216 203,216 203,216 203,216 203,216 203,216
45,732 (69,879) (7,466) (10,966) (9,529) (8,216) (7,029) (10,904) (9,841) (8,904) (8,091) (7,404) (6,841) (6,404) (6,091) (10,841)
Total 2,905,569
3,048,240
(142,672)
1.32 (2.02) (0.22) (0.32) (0.28) (0.24) (0.20) (0.32) (0.28) (0.26) (0.23) (0.21) (0.20) (0.19) (0.18) (0.31)
Roofing Capital Project Design and Construction Timeline • • • • • •
Referendum Vote – May 16, 2017 Design Phase SED Submission – Fall 2017 SED Review/Approval Bid – Spring 2018 Construction – Summer 2018 (2019)
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Interpreting the Project to the Community in the Referendum Phase… • Presentations to Community Groups • MSA, Teachers, Seniors, etc • Newsletter • Posterboards • Public Awareness Meeting(s) • District’s Website • News outlets • WORD OF MOUTH M A H O PA C C S D
Key Messages for the Referendum Phase… 1. 2. 3. 4.
NECESSARY INFRASTRUCTURE REPAIRS SAVES ENERGY NO NEW TAX IMPACT GENERATES POSITIVE INCOME
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Proposed Capital Project • Energy Performance Project • Roofing Project • Referendum Vote
May 16, 2017 6 a.m. to 9 p.m. at the Mahopac High School M A H O PA C C S D