PROPOSITION E Associated General Contractors of America San Diego Chapter September 17, 2014 1
Facilities Centric Bond Aging Facilities Emphasis on Technology Infrastructure School Site Safety and Security Last Bond Initiative 2002 Proposition K EUSD Critical Priorities $182.1 Mil Safety Security $31.2 17% Facilities $127.2 70% Technology Infrastructure $23.7 13% 2
Age of EUSD Schools/M&O/District Office 2020 2004 2004 2006 2006 2000 1980 1960 1940 1938 1943 1949 1951 1954 1959 1961 1961 1961 1962 1963 1966 1970 1975 1979 1980 1982 1986 1989 1992 1994 1920 1900 3
Facilities/Safety 4
Bond: Proposition E Big 3 Facilities, Safety, Technology Infrastructure $182.1 Mil Lord Architecture Facilities $283.6 Safety $33.5 EUSD (Critical) Facilities $127.2 Safety $31.2 Tech Infrastructure $23.7 Tech Infrastructure $23.7 $340.8 $182.1 5
Lord Architecture Recommendation Priority Cost Est Big 3 Functional Area Rank ($Mil) EUSD Staff Recommendation Priority Rank Priority Priorities 2-5 1's FILTER Tech Technology Infrastructure Upgrades $23.7 1 $23.7 Upgrade Fire Alarm System $12.1 5 $0.0 $11.9 Safety Facilities EUSD CRITICAL Repair Play Equipment $1.2 3 $0.0 $1.2 Fencing and Gates $3.0 1 $3.0 $0.0 Video Surveillance $2.3 5 $0.0 $0.0 Upgrade Drop-off & Pick-up $7.8 2 $0.0 $7.6 School Office Modifications $7.1 4 $0.0 $7.0 Structural Repairs $3.0 1 $3.0 $0.0 Kitchen Renovation $4.8 5 $0.0 $0.0 FILTER *Building Water, Sewer and Natural Gas $10.1 1 $9.8 $0.0 *Potable / Irrigation Water Separation $1.8 1 $1.7 $0.0 Upgrade HVAC; Add DDC Controls $22.9 1 $22.1 $0.0 *Site Water, Sewer and Natural Gas $5.0 1 $4.9 $0.0 *Building Plumbing Fixtures $2.0 1 $1.9 $0.0 *ADA Upgrade of Restrooms $7.1 1 $7.0 $0.0 Roofing Repairs $16.5 1 $16.5 $0.0 Marquee Signs $2.4 0 $0.0 $0.0 Electrical Systems $36.0 $168.8 1 $36.0 $0.0 Multimedia System $17.0 0 $0.0 $0.0 Immediate Window Replacement $9.5 FILTER 1 $4.8 $0.0 *Expanded Site Storm System $2.0 $28.5 1 $2.0 $0.0 Site - ADA Parking Upgrades $0.7 1 $0.4 $0.0 Site - ADA Path of Travel $4.7 1 $0.5 $0.0 ADA Door and Hardware Upgrades $2.6 1 $0.5 $0.0 Code Required Restrooms $0.0 0 $0.0 $0.0 ADA Signage Allowance $0.8 1 $0.5 $0.0 Health Dept Approved Trash Enclosure $1.3 0 $0.0 $0.0 Misc. Exterior Repairs / Allowance $2.8 0 $0.0 $0.0 Replace Interior Finishes + Casework $6.8 1 $1.9 $0.0 Replace Relocatable CR + Ramp Finishes $32.2 1 $7.5 $0.0 Replace Relocatable Toilets $2.5 1 $2.5 $0.0 Running Track And Field Reconditioning $2.6 0 $0.0 $0.0 FILTER *Irrigation Repairs / Erosion Control & Drainage $1.7 1 $1.7 $0.0 Stage Equipment & Lighting $4.6 0 $0.0 $0.0 Lunch Shelters / Skylights And Shade Structures $2.6 0 $2.6 $0.0 Daylighting Interior Spaces $0.0 0 $0.0 $0.0 LED Lighting Upgrade $23.2 0 $0.0 $0.0 Replace Buildings $19.9 0 $0.0 $0.0 Expanded Food Service $13.4 0 $0.0 $0.0 Weight Training Rooms at M.S.'s $0.0 0 $0.0 $0.0 Discretionary Electrical $21.0 0 $0.0 $0.0 Covered BB Court (MS) $0.0 $143.5 0 $0.0 $0.0 Subtotals $340.8 $340.8 $154.4 $27.7 Grand Total $182.1 Critical Discretionary Big 3 Lord Architecture Recommendation Priority Rank Functional Area Cost Est ($Mil) EUSD CRITICAL EUSD Staff Recommendation Priority Rank Priority 1's Priorities 2-5 FILTER Tech Technology Infrastructure Upgrades $23.7 1 $23.7 Upgrade Fire Alarm System $12.1 5 $0.0 $11.9 Safety Facilities Critical Repair Play Equipment $1.2 3 $0.0 $1.2 Fencing and Gates $3.0 1 $3.0 $0.0 Video Surveillance $2.3 5 $0.0 $0.0 Upgrade Drop-off & Pick-up $7.8 2 $0.0 $7.6 School Office Modifications $7.1 4 $0.0 $7.0 Structural Repairs $3.0 1 $3.0 $0.0 Kitchen Renovation $4.8 5 $0.0 $0.0 FILTER *Building Water, Sewer and Natural Gas $10.1 1 $9.8 $0.0 *Potable / Irrigation Water Separation $1.8 1 $1.7 $0.0 Upgrade HVAC; Add DDC Controls $22.9 1 $22.1 $0.0 *Site Water, Sewer and Natural Gas $5.0 1 $4.9 $0.0 *Building Plumbing Fixtures $2.0 1 $1.9 $0.0 *ADA Upgrade of Restrooms $7.1 1 $7.0 $0.0 Roofing Repairs $16.5 1 $16.5 $0.0 Marquee Signs $2.4 0 $0.0 $0.0 Electrical Systems $36.0 $168.8 1 $36.0 $0.0 Multimedia System $17.0 0 $0.0 $0.0 Immediate Window Replacement $9.5 FILTER 1 $4.8 $0.0 *Expanded Site Storm System $2.0 $28.5 1 $2.0 $0.0 Discretionary Site - ADA Parking Upgrades $0.7 1 $0.4 $0.0 Site - ADA Path of Travel $4.7 1 $0.5 $0.0 ADA Door and Hardware Upgrades $2.6 1 $0.5 $0.0 Code Required Restrooms $0.0 0 $0.0 $0.0 ADA Signage Allowance $0.8 1 $0.5 $0.0 Health Dept Approved Trash Enclosure $1.3 0 $0.0 $0.0 Misc. Exterior Repairs / Allowance $2.8 0 $0.0 $0.0 Replace Interior Finishes + Casework $6.8 1 $1.9 $0.0 Replace Relocatable CR + Ramp Finishes $32.2 1 $7.5 $0.0 Replace Relocatable Toilets $2.5 1 $2.5 $0.0 Running Track And Field Reconditioning $2.6 0 $0.0 $0.0 FILTER *Irrigation Repairs / Erosion Control & Drainage $1.7 1 $1.7 $0.0 Stage Equipment & Lighting $4.6 0 $0.0 $0.0 Lunch Shelters / Skylights And Shade Structures $2.6 0 $2.6 $0.0 Daylighting Interior Spaces $0.0 0 $0.0 $0.0 LED Lighting Upgrade $23.2 0 $0.0 $0.0 Replace Buildings $19.9 0 $0.0 $0.0 Expanded Food Service $13.4 0 $0.0 $0.0 Weight Training Rooms at M.S.'s $0.0 0 $0.0 $0.0 Discretionary Electrical $21.0 0 $0.0 $0.0 Covered BB Court (MS) $0.0 $143.5 0 $0.0 $0.0 Subtotals $340.8 $340.8 $154.4 $27.7 Grand Total $182.1 6
EUSD Recommended Critical Needs by Functional Areas ($182.1 Mil) 40.0 35.0 30.0 36.0 29.0 25.0 23.7 22.1 20.0 16.5 15.0 10.0 5.0 11.9 10.0 7.6 7.0 4.8 3.0 3.0 2.6 1.9 1.9 1.2-7
EUSD Critical Needs Recommendation $182.1 Mil (Distribution by School Site) $Mil 14.0 13.1 12.0 11.7 11.5 11.3 11.1 10.7 10.0 8.0 9.3 8.7 8.6 8.5 8.1 7.8 7.5 7.3 7.0 6.9 6.0 5.7 5.6 4.0 4.0 3.3 3.1 3.0 3.0 2.7 2.6 2.0 0.0 8
Financing 9
District Bonding Capacity Statutory Limit on Amount of General Obligation Bonds That Can Be Issued 1.25% of Assessed Valuation for a Non-Unified School District Escondido Union School District Bonding Capacity Analysis Now 5 Years From Now 10 Years From Now Fiscal Year 2013-14 2018-19 2023-24 District Assessed Valuation (1) $14,547,585,233 $17,529,175,626 $21,326,922,401 M aximum Legal Bonding Capacity 1.250% 1.250% 1.250% (as % of Assessed Valuation) Gross Bonding Capacity $181,844,815 $219,114,695 $266,586,530 Outstanding Bonds As Of: 2013-14 (2) 2018-19 2023-24 Election of 2002, Series A $1,274,622 $1,274,622 $1,274,622 2007 Refunding Bonds, Series A $1,930,000 - - 2007 Refunding Bonds, Series B $38,055,000 $28,485,000 $12,945,000 Total Bonds Outstanding: $41,259,622 $29,759,622 $14,219,622 Total Net Bonding Capacity $140,585,193 $189,355,073 $252,366,908 (Gross Bonding Capacity Less Total Bonds Outstanding) 10
Escondido Union School District Potential 2014 General Obligation Bond Program What's Possible? 3-Year Issuance Schedule Bond Program Option 2: Maximize Upfront Capital Facilities Funding Base Case - 4% Annual Assessed Valuation Growth Rate and No Capital Appreciation Bonds Initial Technology Infrastructure Technology Infrastructure Upgrades Capital Facilities Total Assessed Valuation Growth Rate FY 2014-15 (Actual) FY 2015-16 and Thereafter (Assumed) Total Bond Authorization 5.31% 5.31% 5.31% 5.31% 4.00% 4.00% 4.00% 4.00% $8,400,000 $15,300,000 $158,400,000 $182,100,000 Issue Summary Series A (2015) $8,400,000 $0 $50,000,000 $58,400,000 Series B (2018) $0 $0 $50,000,000 $50,000,000 Series C (2021) $0 $2,100,000 $10,000,000 $12,100,000 Series D (2024) $0 $1,800,000 $10,000,000 $11,800,000 Series E (2027) $0 $11,400,000 $5,000,000 $16,400,000 Series F (2030) $0 $0 $15,000,000 $15,000,000 Series G (2033) $0 $0 $18,400,000 $18,400,000 Maximum Maturity of Current Interest Bonds Total Debt Payback 15 Years 15 Years 30 Years 30 Years $10,628,550 $19,100,875 $321,958,575 $351,688,000 Debt Payback Ratio 1.27 1.25 2.03 1.93 $29.00 Projected Annual Tax Rate (Per $100,000 Assessed Valuation) No Capital Appreciation Bonds 11
Principal and Interest Facilities/Safety 30 Year - Current Interest Bonds Principal Interest Total Debt Payback Ratio 2015 $50,000,000 $44,469,225 $94,469,225 1.89 2018 $50,000,000 $56,276,775 $106,276,775 2.13 2021 $10,000,000 $10,677,825 $20,677,825 2.07 2024 $10,000,000 $10,898,775 $20,898,775 2.09 2027 $5,000,000 $4,444,425 $9,444,425 1.89 2030 $15,000,000 $15,630,525 $30,630,525 2.04 2033 $18,400,000 $21,161,025 $39,561,025 2.15 Total $158,400,000 $163,558,575 $321,958,575 2.03 Technology 15 Year - Current Interest Bonds Principal Interest Total Debt Payback Ratio 2015 $8,400,000 $2,228,550 $10,628,550 1.27 2018 $0 0 $0 2021 $2,100,000 $254,375 $2,354,375 1.12 2024 $1,800,000 $227,000 $2,027,000 1.13 2027 $11,400,000 $3,319,500 $14,719,500 1.29 2030 $0 0 $0 2033 $0 0 $0 Total $23,700,000 $6,029,425 $29,729,425 1.25 12
Bond Distribution Series Critical Needs - $182.1 Mil 50.0 45.0 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0 44.2 2015 SERIES A 50.0 2018 SERIES B Bond Distribution Series Critical Needs - $182.1 Mil 10.0 10.0 2021 SERIES C 2024 SERIES D 5.0 2027 SERIES E 15.0 2030 SERIES F 18.4 2033 SERIES G 2015 2018 2021 2024 2027 2030 2033 Series A Series B Series C Series D Series E Series F Series G Facilities/Safety 44.2 50.0 10.0 10.0 5.0 15.0 18.4 Technology Infrastructure 8.4 0.0 2.1 1.8 11.4 0.0 0.0 Quick Start 10% (includes shade structures and fencing) 5.8 0.0 0.0 0.0 0.0 0.0 0.0 58.4 50.0 12.1 11.8 16.4 15.0 18.4 Includes 7% Contingency Cost 13
Technology Infrastructure 14
Technology Infrastructure - $23.66 Mil (Distribution by School Site) $Mil 1.80 1.60 1.40 1.20 1.00 1.61 1.57 1.40 1.29 1.29 1.15 1.09 1.08 0.96 0.93 0.92 0.89 0.89 0.88 0.85 0.84 0.84 0.84 0.81 0.78 0.80 0.60 0.74 0.73 0.59 0.40 0.35 0.35 0.20 0.00 Rincon Bear Valley Hidden Valley Del Dios Mission L.R. Green Lincoln CGEC Rock Springs Oak Hill Bear Valley Farr Reidy Creek Pioneer Juniper Conway Orange Glen Rose Felicita North Broadway Glen View Miller Central NIC M&O 15
EUSD Technology Infrastructure Critical Needs $23.7Mil Initial Technology Infrastructure Upgrades Technology Infrastructure Upgrades Technology Infrastructure Upgrades Technology Infrastructure Upgrades 2015 2018 2021 2024 2027 2030 2033 Bond Series A Bond Series B Bond Series C Bond Series D Bond Series E Bond Series F Bond Series G Total Equip Description Useful Life/Yrs WiFi Access Points 7 $0.50 $0.00 $0.60 $0.00 $1.00 $0.00 $0.00 $2.1 Network Switching Equipment 7-9 $0.70 $0.00 $1.50 $0.80 $1.00 $0.00 $0.00 $4.0 Copper Cabling (EUSD Std: Cat 6 Cable/Gigabit Capable) 10-15 $4.00 $0.00 $0.00 $1.00 $5.00 $0.00 $0.00 $10.0 Fiber Cable (EUSD Standard: 50u/10 Gigabit- Capable) 15-20 $0.30 $0.00 $0.00 $0.00 $0.50 $0.00 $0.00 $0.8 Network/Server Cabinets 15-20 $2.90 $0.00 $0.00 $0.00 $3.90 $0.00 $0.00 $6.8 Total $8.4 $0.0 $2.1 $1.8 $11.4 $0.0 $0.0 $23.7 EUSD Critical Technology Infrastructure Needs $23.7Mil $12.0 $11.4 $10.0 $8.4 $8.0 $6.0 $4.0 $2.1 $1.8 $2.0 $0.0 $0.0 $0.0 $0.0 Bond Series A Bond Series B Bond Series C Bond Series D Bond Series E Bond Series F Bond Series G 2015 2018 2021 2024 2027 2030 2033 16
Deferred Maintenance 17
Deferred Maintenance $1,250 $1,050 $1,050 $1,050 $1,040 $1,000 $750 $500 $250 $- 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 Deferred Maint $1,050 $1,040 $1,050 $1,050 $1,050 $1,050 $1,040 $1,040 $1,040 $1,040 18
Deferred Maintenance by Functional Area NUMBER TOTAL OF ESTIMATE 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 PROJECT PROJECTS COST CATEGORY Asbestos 1 $ - $ 30 $ - $ - $ - $ - $ - $ - $ - $ - $ 30 Classroom Lighting 23 $ - $ 80 $ 120 $ 40 $ 80 $ 130 $ 20 $ - $ - $ - $ 470 Electrical 8 $ - $ - $ - $ - $ - $ 250 $ 125 $ 225 $ 215 $ 250 $ 1,065 Fencing & Gates 10 $ 30 $ 150 $ 80 $ - $ - $ 160 $ - $ 25 $ - $ - $ 445 Floor Covering 13 $ - $ 330 $ 110 $ - $ 220 $ 60 $ 80 $ 40 $ - $ - $ 840 HVAC 13 $ 200 $ - $ 240 $ 200 $ 60 $ 225 $ 425 $ - $ 100 $ 100 $ 1,550 Lead 1 $ - $ - $ - $ - $ 20 $ - $ - $ - $ - $ - $ 20 Painting 22 $ 95 $ 120 $ 150 $ 410 $ 210 $ 60 $ 170 $ 120 $ - $ 90 $ 1,425 Paving 22 $ 290 $ 120 $ - $ 260 $ 225 $ 130 $ - $ - $ - $ - $ 1,025 Play Ground Equipment 4 $ 115 $ - $ - $ - $ - $ - $ - $ 350 $ - $ - $ 465 Plumbing 1 $ 25 $ - $ 25 $ - $ 15 $ - $ 220 $ - $ - $ - $ 285 Roofing 19 $ 295 $ 100 $ 325 $ 140 $ 160 $ - $ - $ 200 $ 725 $ 500 $ 2,445 Wall Systems 3 $ - $ 110 $ - $ - $ 60 $ 35 $ - $ 80 $ - $ 100 $ 385 Grand Total 140 $ 1,050 $ 1,040 $ 1,050 $ 1,050 $ 1,050 $ 1,050 $ 1,040 $ 1,040 $ 1,040 $ 1,040 $ 10,450 19
Bond Series A Projects by School Site and Functional Area 20
Preliminary Project List Series A - $58.4 Mil Technology Infrastructure Plumbing ADA upgrades & Repairs HVAC Roofing Electrical Structural Repairs Shade Window Structures Replacement (Quick Start)* Replace Portable Buildings Total Facilities Fencing & Gates (Quick Start)* Drop-off Playgrou & Pick nd up School Office Allowance Fire Alarms Total Safety Security Total Per Site Bear Valley 450,000 126,000 126,000-576,000 Bernardo 415,000 286,000 286,000 42,000 42,000 743,000 Central 320,000 2,300,000 161,000 1,200,000 1,100,000 2,000,000 1,000,000 252,000 8,013,000 397,000 397,000 8,730,000 Conway 320,000 2,300,000 300,000 252,000 2,852,000 72,000 72,000 3,244,000 Del Dios 360,000 60,000 852,000 912,000 277,000 277,000 1,549,000 Farr Avenue 315,000 - - 315,000 Felicita 315,000 1,000,000 1,100,000 1,600,000 84,000 552,000 4,336,000 8,000 8,000 4,659,000 Glen View 320,000-38,000 38,000 358,000 Green LR 420,000 1,400,000 1,100,000 2,500,000 403,000 403,000 3,323,000 Hidden Valley 360,000 651,000 651,000 325,000 325,000 1,336,000 Juniper 320,000 200,000 200,000 17,000 17,000 537,000 Lincoln 315,000 2,900,000 203,000 2,500,000 5,603,000 366,000 366,000 6,284,000 Miller 420,000 101,000 1,152,000 1,253,000 19,000 19,000 1,692,000 Mission 355,000 3,000,000 210,000 1,500,000 1,100,000 2,000,000 1,100,000 8,910,000 61,000 61,000 9,326,000 Nic CDS 125,000 - - 125,000 North Broadwa 420,000 252,000 252,000 17,000 17,000 689,000 Oak Hill 315,000 252,000 252,000 416,000 416,000 983,000 Orange Glen 420,000 1,800,000 126,000 1,000,000 500,000 1,000,000 100,000 101,000 1,152,000 5,779,000 418,000 418,000 6,617,000 Pioneer 315,000-8,000 8,000 323,000 Reidy Creek 420,000 - - 420,000 Rincon 450,000 2,100,000 1,100,000 252,000 3,452,000 84,000 84,000 3,986,000 Rock Springs 315,000 126,000 126,000 8,000 8,000 449,000 Rose 315,000 900,000 100,000 505,000 1,505,000 16,000 16,000 1,836,000 M&O 80,000 - - 80,000 District Office 220,000 - - 220,000 8,400,000 10,000,000 700,000 8,200,000 6,000,000 12,360,000 1,100,000 1,700,000 2,589,000 4,359,000 47,008,000 2,992,000 - - - - 2,992,000 58,400,000 *Quick Start Projects 21
Bids & Contracts Prevailing wages are required for all public works contracts over $1,000 EUSD does not engage in Project Labor Agreements (PLA) Delivery method: To be determined Timelines not yet fully developed: expected start date in summer 2015 22
Questions 23