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Growth Options for New Schools Spring 2007. January 20072 Our objective today is to make “greenlighting” decisions on three propsective new school sites.

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Presentation on theme: "Growth Options for New Schools Spring 2007. January 20072 Our objective today is to make “greenlighting” decisions on three propsective new school sites."— Presentation transcript:

1 Growth Options for New Schools Spring 2007

2 January Our objective today is to make “greenlighting” decisions on three propsective new school sites. All three properties: are located within existing clusters Are leased parochial school facilities in fairly good condition Score quite high on Aspire’s decision rubric Breakeven in the first year Have relatively minor risks that can be managed (mostly related to chartering and timeline)

3 January In September, the Executive Committee agreed upon a greenlighting process and timeline. (Unfortunately we are already behind the ideal schedule on all three properties.) Build or renovate REASSESS AND EVALUATE IF: Prepare and Obtain Charter Determine charter approach Submit application Secure Start-Up Funding Apply for CDE and Walton funding Meet CDE performance benchmarks Hire principal Hire teachers Enroll students Apply for Charter # and CDS # Follow-up with CDE Disseminate CDS # and charter # to district, HO, RVP, and principals Source potential facilities Ensure adequate space for program Negotiate and sign lease/contract Identify and Secure Site  Green-light if complete by: T- 9 mos if lease; T – 3 years if build Secure financing Secure financing Ensure occupancy costs of <10% of ADA revenue Sign contractors Develop construction documents Attain building permits Ensure key construction milestones are met  Green-light if on-track to complete by T-2 weeks  Check if complete by: T- 6 mos  Check if complete by: T- 1 mo  Check if complete by: T- 1 mo  Green-light if complete by: T- 6 mos  Green-light if complete by: T- 3 mos  Check if complete by: T- 2 mos Facilities Lease not signed by T-9 mos Occupancy costs exceed 10% of ADA Failure to meet key construction milestones Failure to receive zoning or permits needed Financials Enrollment configuration is off-model Projected scale-up costs exceed projected start-up philanthropy Anticipated grants are not received Charter Process Separate charter deemed not likely before opening of school Failure to meet any chartering milestones District changes to terms  Green-light if complete by: T - 7 mos if lease; T – 30 mos if build Develop financial model Ensure student demand Ensure scale-up is appropriate  Green-light if financial targets are met Aspire New School Green-lighting Process

4 January Collectively, the new sites will result in Aspire growing 20% or nearly 1000 students – significantly more than the originally-projected 9% growth of 440 students from purely “organic” expansion of existing schools. Dec 06 Projection (organic) April 07 Projection (organic + 3 new) Increase in # of students: % increase: 9%20% Impact of new campuses

5 January TRINITY LUTHERAN: potential small elementary Trinity Lutheran, currently occupied by Aspire’s Rosa Parks Academy as a temporary location pending August 2007 completion of the Prop 47-funded permanent facility, is available as a long-term lease. CriteriaScore Mission: Student Need2 Of 2 Mission: Likelihood of catalyzing change1 Of 1 Contribution to facilities portfolio target1 Of 2 Ease of quality control2 Of 2 Availability of philanthropic funding2 Of 2 Favorable chartering environment0.5 Of 1 TOTAL 8.5 of 10 Sources of start-up funds  CDE  Walton Key Hurdles oSecure lease (target: May 1) oIdentify as state charter oHire principal (internal likely by May 1) Major advantages  Adds to Stockton cluster  Provides an additional option to the many families on waitlists at UPS, ROCS and RPA

6 January LA Baptist: potential small elementary LA Baptist, located just a few blocks from Aspire’s 2 AMLA campuses, is now available through PCSD. CriteriaScore Mission: Student Need2 Of 2 Mission: Likelihood of catalyzing change0.5 Of 1 Contribution to facilities portfolio target1 Of 2 Ease of quality control2 Of 2 Availability of philanthropic funding2 Of 2 Favorable chartering environment1 Of 1 TOTAL 9.5 of 10 Start-up grants CDE (realloc existing grant)  Walton Key Hurdles oSecure sub-lease (target: May 1) oIdentify as state charter oHire principal (internal possible by May 1) Major advantages  Adds to LA cluster where facilities are scarce  Ensures Centennial can feed from Aspire schools

7 January St. Benedict: potential temporary site for 66 th Ave students; future small elementary St. Benedict can be used as a temporary location for a secondary feeder for Millsmont until the completion of the Prop 47-funded 66 th Avenue facility; then used as a second K-5 feeder to 66 th Ave. CriteriaScore Mission: Student Need2 Of 2 Mission: Likelihood of catalyzing change1 Of 1 Contribution to facilities portfolio target1 Of 2 Ease of quality control2 Of 2 Availability of philanthropic funding2 Of 2 Favorable chartering environment0.5 Of 1 TOTAL 9.5 of 10 Start-up grants  CDE (may not be eligible)  Walton  Gates Key Hurdles oSecure lease (target: May 1) oSecure material revision to Millsmont charter Major advantages  Adds to Oakland cluster  Provides a feeder for Millsmont earlier  Increases opportunity to test Theory of Change

8 January Which projects should be green-lighted? Trinity Lutheran, Stockton LA Baptist, Huntington Park St. Benedict, Oakland


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