VPSA Bond Presentation
Process Architect Consulting Site Visits to new schools (Thomas Jefferson Elementary 85,872 sf/11.2 million) Total Cost Budgeting Worksheet (with assistance from consultant) Secured Bond Counseling Services VPSA Submission of Spring Application Secured Financial Advisor Services August 12, 2015 Meeting VPSA Submission of Fall Application Ted Cole Presentation (School Board and Town Council) Public Hearing
Total Project Cost Budgeting Spreadsheet
VPSA Application Pages 5-8 Financial Breakdown February 11, 2015 Resolution August 19, 2015 Resolution Public Hearing
Construction Timeline
Funding VPSA Bond Water Tower Field Property Old Elementary School Property CIP Improvement Fund (school percentage)
Current ModPod Expense ModPod Lease: $262,500 per year Utilities: (Electric= $3,685.07 per month/Water= $1,518.40 (based on CBHS bill) per year)Total= $45,739.24 per year
Benefits Permanent construction offers the opportunity to provide ideal learning environments Permanent construction combined with quality education will be more attractive to new families Energy Cost for ModPods are typically twice as expensive as for permanent construction Insurance rates for permanent construction may be less than for ModPods ModPod rental costs are not an investment
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