February 2, 2017 1 AGENDA Welcome, Introductions, Meeting - PowerPoint PPT Presentation

Bond Oversight Committee 2014 Bond program February 2, 2017 1

AGENDA • Welcome, Introductions, Meeting Schedule – Stewart Jacobson, Chair • Introduction and Bond Status Update – Ron Holleyhead • Budget Indicator – Zandra Becerra • Projected Program Budget – Oscar Saenz • Program Status – Oscar Saenz • Project Status – Kevin Hitchcock • Donald Leonetti Elementary School (ES 48) • Ronald Thornton Middle School (MS 15) • James C. Neill Elementary School (ES 49) • James Patterson Elementary School (ES 50) • James Reese Career and Technology Education Facility • Classroom Additions • Next Steps – Ron Holleyhead • Update other projects (IT, Security, Transportation) – Long Pham, David Rider, and Mike Brassfield • Small Business Program – Steve Bassett • Communication Plan Update – Nancy Porter • Debt Service Fund Update – Steve Bassett • Bond 2018 Planning – Steve Bassett & Long Pham • Open Feedback from BOC Members – Stewart Jacobson 2

BUDGET INDICATOR Total Bond: $484.1M $480M As of January 10, 2017: $400M • Total Bond = $484.1M (100%) • Committed= $259.1M (53.5%) $300M Committed Costs: 53.5% $259.1 M as of 1/10/17 • Cost To Date= $140.6M (29.0%) $200M Cost to Date: 29.0% $140.6 M as of 1/10/17 $100M 3

PROJECTED PROGRAM BUDGET District Projected Program Budget Phase I Phase II Phase III Wide Total Current Commitments / Approved Change Orders $170.4 $3.6 $3.4 $57.9 $235.3 *Estimates / Pending Change Orders $42.9 $51.3 $110.6 $38.6 $243.4 Total Projected Bond Program Cost $213.3 $54.9 $114.0 $96.5 $478.7 2014 Bond Program Budget $484.1 **Projected Program Budget Balance $5.4 *Projected estimate to complete (based on estimates and pending commitments). **As presented to the Board of Trustees on December 2016. Includes program contingency funds. Note : All values are shown in millions. 4

PROGRAM STATUS Phase I – Approximately 45% Complete • All campuses have been bid, negotiated, and under construction • 30 campuses are in the construction phase • 2 bid packages are in closeout and warranty phase Phase II – Approximately 5% Complete • All professional services contracts are executed • All design activities are complete • 4 campuses are in the procurement phase • 26 campuses are in the construction phase Phase III – Approximately 2% Complete • 3 professional services contracts are executed • 4 professional services contracts are in the process Note – Percent complete is based on cost to date 5

NEW CONSTRUCTION Donald Leonetti Elementary School IBI Group - Architect Elementary No. 48 Satterfield & Pontikes - General Contractor 6

NEW CONSTRUCTION Elementary No. 48 Level 2 progress Structure progress 7

NEW CONSTRUCTION Ronald Thornton Middle School IBI Group - Architect Middle School No. 15 Satterfield & Pontikes - General Contractor 8

NEW CONSTRUCTION Middle School No. 15 Structural Slab Progress Structure Progress 9

NEW CONSTRUCTION PBK Architects - Architect James C. Neill Elementary School Drymalla Construction - General Contractor Elementary No. 49 10

NEW CONSTRUCTION Elementary No. 49 Progress Progress 11

NEW CONSTRUCTION Huckabee - Architect James Patterson Elementary School Cadence McShane - General Contractor Elementary No. 50 12

NEW CONSTRUCTION Elementary No. 50 Front Elevation Structure progress 13

NEW CONSTRUCTION Stantec Architects - Architect James Reese Career and Technical TBD - General Contractor Education Facility 14

ADDITIONS Classroom Additions Cornerstone / Schiff Elementary RWS Architects Incorporated Teal Construction Company Holley / Scanlan Oaks Elementary Cre8 Architects Teal Construction Company Oyster Creek / Sienna Crossing Elementary VLK Architects Bass Construction Co., Inc. 15

PROGRESS PHOTOS 16

NEXT STEPS Phase I • Complete construction phase • Continue close-out and warranty phase Phase II • Complete execution of General Contractor contract • Continue construction phase Phase III • Complete Scope to Budget phase • Continue design development and construction document phase 17

TECHNOLOGY & SECURITY CAMERA UPDATE 1. All Middle Schools wireless and cameras are installed. 2. There are 3 phases of this project. a. Phase 1 – 20 schools b. Phase 2 – 15 schools c. Phase 3 – 10 schools 3. ES campus cabling is underway. 4. ES campus power cabling is completed. 5. Cabling team (ATEC) estimated to complete 02/15/17. Cabling team (MCA) estimated to complete 05/15/2017. 6. 5 Tier 3 campuses have been moved to Phase 1 from Phase 3 as of Nov 15,2016. (Hunters Glen, E.A. Jones, Lantern Lane, Mission West, Mission Bend) 7. Auditorium - Estimated to complete Feb 1, 2017. (95% completed) 8. Bus Ramp Wireless a. WiFi install at HS / MS (5% complete) b. Estimated completion: April 2017 9. Security camera challenges a. System intermittently drops recording at peak time. b. Servers can only handle about 150 cameras at a time. c. Vendor, IT, and PD are working to resolve i. Vendor rewrote camera management system ii. IT and PD make necessary adjustments on storage and cameras. 18

TECHNOLOGY & SECURITY CAMERA UPDATE 10. Fiber Wide Area Network a. PS Lightwave is installing fibers b. Project is on track. Estimated to be completed Sept 2017. 11. Core sites a. Two core sites for the network have been identified, including offsite disaster recovery center b. Completion date for preparation of the core sites is May 1, 2017 c. SPED 507 – Cameras were deployed to 25 cameras at 10 campuses. 12. Data Center renovation is completed. 19

INSTRUCTIONAL TECHNOLOGY UPDATE 931 - 990 - DSTW - 991 - DSTW - 992 - DSTW - 993 - DSTW 994 - DSTW - 995 - DSTW - Infrastructure WAN Wireless WAN Design Wireless WAN Network Wireless Total Cameras Cabling/Fiber Cabling/Fiber Contingency Contingency Electronics Electronics % of Budget 98.9% 110.2% 84.5% 5.8% 52.5% 41.4% 78.3% 69.0% Total Exp & Enc $ 2,967,235 $ 3,886,301 $ 3,342,287 $ 74,251 $ 860,940 $ 5,164,082 $ 12,968,916 $ 29,264,012 Initial Budget $ 3,000,000 $ 3,528,000 $ 3,955,799 $ 1,280,124 $ 1,640,902 $ 12,473,570 $ 16,555,452 $ 42,433,847 20

TECHNOLOGY & SECURITY CAMERA UPDATE 21

TECHNOLOGY & SECURITY CAMERA UPDATE 22

TECHNOLOGY & SECURITY CAMERA UPDATE 23

TRANSPORTATION UPDATE Original 2014 Bond Plan called for purchase of 150 diesel buses 150 school buses were purchased with 2014 Bonds • Regular Route Buses (75 units), the last 20 regular buses will be delivered by the end of February 2017 • Compressed Natural Gas Buses (30 units) due in by May 2017 • Special Needs Buses (45 units), the last 20 special needs buses will be delivered by mid February 2017 All 150 buses purchased are equipped with items not in the current fleet: • Air Conditioning • Increased from 12% of routed fleet to 87% of all routes • Video Cameras • Increased from 44% to 100% of all routes • GPS increased from 0% to 100% of all buses including 33 white fleet vehicles in the Transportation Department • The average age of our fleet has been reduced from 11 years old to 6 years old 24

SMALL BUSINESS INITIATIVE SMALL BUSINESS INITIATIVE REPORT Fort Bend ISD Small Business Enterprise Program Fort Bend ISD Small Business receives the following Awards: Enterprise program: • Multiple events held • Award of Merit for Commitment to the on-site to educate vendors Minority Business Community from the on the process Greater Houston Procurement Forum - • Participation in various December 2016 small business & Chamber • events throughout the “Game Changer” Recognition from L. Renee & metro area Associates and the Houston Urban League – • Out of $180.9M in October 2016 approved construction budgets, $41.9M are for SBE contractors (23%) • Board goal is 25% 25

COMMUNICATIONS PLAN UPDATE Monthly Project Updates on Bond The website was Webpage made easier to navigate with dropdown menus Jan 30, 2016- Jan 30, 2017 7,595 page views 26

COMMUNICATIONS PLAN UPDATE Elementary Parent Meetings In Progress: FBISD Magazine BOND article to go to 120,000 homes 27

Summary Statistics of Outstanding Debt Summary Statistics Principal Composition Total Outstanding Principal $ 835,985,328 Total Fixed Rate 754,345,328 90.23% 5.61% Total Variable Rate 81,640,000 9.77% 7.96% 24.43% Total Interest Payments 420,248,324 Callable Principal (%) 75.57% Percent of Principal Retired w/in 5 years 25.61% 62.00% w/in 10 years 56.46% w/in 15 years 85.56% w/in 20 years 97.49% Noncallable 24.43% Callable & Advance Refundable w/in 25 years 100.00% 62.00% Callable & Partially Advance Refundable Final Maturity 8/1/2040 7.96% Callable & Non-Advance Refundable 5.61% Underlying Ratings Voted Authorization Fitch AA+ Date Amount Issued Balance S&P AA+ 11/6/2007 $ 428,000,000 $ 380,000,000 $ 48,000,000 11/4/2014 $ 484,000,000 $ 85,000,000 $ 399,000,000 $ 912,000,000 $ 465,000,000 $ 447,000,000 28