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38 <br /> 1 Scenario A2 <br /> 2 o Funds the County Facility Plan short range and mid-range projects ($130 million) <br /> 3 over ten years <br /> 4 o Continues the $130 million school bond from FY2023-24 CIP <br /> 5 o When combined with existing and planned resources, provides $219 M in the first <br /> 6 5 years to meet Woolpert's Option A and an additional $59 million over the 10 year <br /> 7 planning horizon to address other priority needs. <br /> 8 o The County would have sufficient collateral to finance this scenario with a Limited <br /> 9 Obligation Bond instead of a voter-approved General Obligation Bond. <br /> 10 <br /> 11 Scenario B <br /> 12 Option B from the Woolpert report was not analyzed since it costs more ($1.1 billion)than <br /> 13 Option D ($1.0 billion) and does not address any of the educational adequacy or interior <br /> 14 space improvements. <br /> 15 <br /> 16 Scenario C1 <br /> 17 o Funds the County Facility Plan short range and mid-range projects ($130 million) <br /> 18 over ten years <br /> 19 o Adds a $400 million school bond <br /> 20 o When combined with existing and planned resources, yields total school resources <br /> 21 of$548 million which meets the Woolpert Option C target of$541.2 million with an <br /> 22 additional $6.8 million to address other priority needs. <br /> 23 Scenario C2 <br /> 24 o Funds the County Facility Plan short range and mid-range projects ($130 million) <br /> 25 over ten years <br /> 26 o Adds a $300 million school bond and $100 million in pay-as-you go (cash) <br /> 27 o When combined with existing and planned resources, yields total school resources <br /> 28 of$548 million which meets the Woolpert Option C target of$541.2 million with an <br /> 29 additional $6.8 million to address other priority needs. <br /> 30 <br /> 31 Scenario D <br /> 32 o Funds the County Facility Plan short range and mid-range projects ($130 million) <br /> 33 over ten years <br /> 34 o Adds a $630 million school bond to fund Phases I & II over ten years <br /> 35 o Does not include the third phase since it falls outside of the ten (10) year planning <br /> 36 horizon <br /> 37 o When combined with existing and planned resources, yields total school resources <br /> 38 of $778 million which meets the Woolpert Option D target of $776.9 million for <br /> 39 Phases I & 11 with an additional $1.1 million to address other priority needs. <br /> 40 <br /> 41 Middle Scenario <br /> 42 o Due to the large difference in funding levels between Scenario A ($130 million for <br /> 43 school projects) and Scenario C ($400 million for school projects), staff are also <br /> 44 presenting a scenario between A and C. <br /> 45 o Spreads the first five years of County Facility Plan ($70 million) over ten years and <br /> 46 adds 3% annual inflation ($5 million) to account for spreading the projects over a <br /> 47 longer timeframe <br /> 48 o Adds a $200 million school bond and $50 million in pay-as-you go (cash) <br /> 49 o Woolpert will engage with the School Districts and the County to prioritize projects <br /> 50 to fit this budget, if chosen. <br />