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38 <br /> • Scenario A2 <br /> o Funds the County Facility Plan short range and mid-range projects ($130 million) <br /> over ten years <br /> o Continues the $130 million school bond from FY2023-24 CIP <br /> o When combined with existing and planned resources, provides $219 M in the first <br /> 5 years to meet Woolpert's Option A and an additional $59 million over the 10 year <br /> planning horizon to address other priority needs. <br /> o The County would have sufficient collateral to finance this scenario with a Limited <br /> Obligation Bond instead of a voter-approved General Obligation Bond. <br /> • Scenario B <br /> Option B from the Woolpert report was not analyzed since it costs more ($1.1 billion)than <br /> Option D ($1.0 billion) and does not address any of the educational adequacy or interior <br /> space improvements. <br /> • Scenario C1 <br /> o Funds the County Facility Plan short range and mid-range projects ($130 million) <br /> over ten years <br /> o Adds a $400 million school bond <br /> o When combined with existing and planned resources, yields total school resources <br /> of$548 million which meets the Woolpert Option C target of$541.2 million with an <br /> additional $6.8 million to address other priority needs. <br /> • Scenario C2 <br /> o Funds the County Facility Plan short range and mid-range projects ($130 million) <br /> over ten years <br /> o Adds a $300 million school bond and $100 million in pay-as-you go (cash) <br /> o When combined with existing and planned resources, yields total school resources <br /> of$548 million which meets the Woolpert Option C target of$541.2 million with an <br /> additional $6.8 million to address other priority needs. <br /> • Scenario D <br /> o Funds the County Facility Plan short range and mid-range projects ($130 million) <br /> over ten years <br /> o Adds a $630 million school bond to fund Phases I & II over ten years <br /> o Does not include the third phase since it falls outside of the ten (10) year planning <br /> horizon <br /> o When combined with existing and planned resources, yields total school resources <br /> of $778 million which meets the Woolpert Option D target of $776.9 million for <br /> Phases I & II with an additional $1.1 million to address other priority needs. <br /> • Middle Scenario <br /> o Due to the large difference in funding levels between Scenario A ($130 million for <br /> school projects) and Scenario C ($400 million for school projects), staff are also <br /> presenting a scenario between A and C. <br /> o Spreads the first five years of County Facility Plan ($70 million) over ten years and <br /> adds 3% annual inflation ($5 million) to account for spreading the projects over a <br /> longer timeframe <br /> o Adds a $200 million school bond and $50 million in pay-as-you go (cash) <br /> o Woolpert will engage with the School Districts and the County to prioritize projects <br /> to fit this budget, if chosen. <br />