Minutes 04-25-2017 - Laserfiche WebLink

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8 Current Major Capital Projects • Glenwood Elementary School has been completed • 2016 Bond Projects o Lincoln Center/Pre K/Phoenix o Reconstruction and Renovations to CHHS Construction Cost Escalation • 2013 Facilities Assessment construction cost estimate for 10 schools - $161 Million • 5% annual increase in construction costs = 15% cost escalation through 2016 • Additional cost escalation included in our Capital Investment Plan (4% annually) UNFUNDED PLAN 7 Remaining Schools from Facilities Assessment Initial 2013 Projected Revised Cost School Cost Estimate Bid Year Estimate Ephesus Elm 15.5M 2020 20.7M Phillips MS 9.4M 2021 13.3M Seawell Elm 15.8M 2021 21.7M Estes Hills Elm 16.7M 2021 23.9M Carrboro Elm 13.5M 2023 20.0M FP Graham Elm 5.5M 2024 9.0M Culbreth MS 5.8M 2025 9.6M 82.2M 118.2M 2017 SAPFO Projections • Need for a new elementary school is beyond 10 year window o capacity increase by centralizing Pre K o remaining older elementary schools renovations would delay the need for decades • Need for a new middle school is beyond the 10 year CIP window • High school addition is beyond 10 year window o Increased capacity at CHHS and Phoenix • Class size legislation Commissioner Price asked if there is a cost estimate to build a new elementary school. Todd LoFrese said $27-33 million to build a new elementary school; a middle school is $50 million; and a high school is $85-100 million. Long Term (Sept 2015 Joint Meeting) • A bond will help us begin to catch up. • Additional ongoing maintenance funding will be needed for older and newer facilities moving forward. • Continued community support National Institute of Building Sciences 2016 State of Our Schools: K-12 Facilities Funding to Properly Maintain School Facilities Recommended annual amount to "regularly upgrade existing facilities' systems, components, fixtures, equipment, and finishes as they reach the end of their anticipated life expectancy;