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21 <br /> Slide#21 <br /> BENEFITS <br /> • Strategic investment <br /> Removing high investment facilities through consdfdations <br /> • Replacing schools addresses condition and adequacy of older/outdated facilities <br /> • Improve portfolio age <br /> FINALRE[aaMAIENUATION-C(I$i$PEA SiRAiECI'04ER 15 YEARS 3269.3M <br /> • Address capacity <br /> + CHCCS consolidating Elementary Schools ■CFECCS ■OCS 5215.3-- $191 SM <br /> Grange adding Elementary School at west side <br /> • Improve educational adequacy LSN <br /> • Replace small outdated spaces <br /> s7E a+ <br /> • Gain operational efficiencies W&W SassEn <br /> S16.3M 5164M SS�9Ea <br /> • Consolidation elementary schools CHCCS s�.�M 3,.3M <br /> • Opportunity to expand dual language program I u<r ceSOEIOAtE NIIi PMMM harsma IENWITIEA OEPKaw <br /> AEEI6 SMOIL <br /> UY o o o <br /> .+r <br /> •i <br /> David Sturtz said that they would not be doing their job if they denied the reality of the <br /> need. He said that the strategic investments that are recommended are spread over 15 years. <br /> Slide#22 <br /> QUESTIONS <br /> IL A1 <br /> • • ■ ■ <br /> Chair Bedford asked what the assumptions were about inflation. <br /> David Sturtz said normal inflation planning is 3% a year over the next seven years and <br /> then they plan to the midpoint. He said phase one was planned at 3% and then the midpoint was <br /> set afterwards. <br />