Prior Conversations with Board as We Explore Land Acquisition Land comparison prices of comparable properties Other land reviewed throughout the last several years Opportunities and location of partnerships What may be future and planned roadways/access Exploration of current demographic and capacity challenges

Past, Current & Future Enrollment Source: Cedar Falls Community Schools and RSP SFM & Demographic Models What Does This Mean Enrollment growth – increase anticipated to coincide with development activity New ES coming online in 2018/19 will alleviate elementary capacity concerns with the enrollment increase The above numbers are not the Certified Enrollment Count Does not include Home School, Private School, or Parochial School

Secondary Enrollment Projections Projections do not illustrate what the attendance areas will be when Aldrich Elementary opens in the 2018/19 school year

Elementary Enrollment Projections Projections do not illustrate what the attendance areas will be when Aldrich Elementary opens in the 2018/19 school year

Previous Information Rough estimates to add onto the current High School and remodel: $60 million Roughly 17 acres No additional room to expand Anticipated building will be over capacity in 15 years even with this addition No additional educationally sound additions can be added due to constraints of interior rooms, parking, access, etc.

Previous Information Rough estimates to build a new High School was between $80-85 million Studies showed we should have at least 50 acres of land Provide better educational spaces that match the changes occurring in education Allows for additional expansion needs into the future More efficient use of dollars as you explore life cycle costs Waukee Schools and the City of Waukee recently purchased jointly 160 acres for a new High School site,

Land on Hudson/Greenhill Comparisons 50 acres for $4.3 million $86,000 per acre Finalized in April, 2016 Was a site the District explored but was financially not feasible http://wcfcourier.com/news/local/uni-wheaton-finish-land-sale-for-new-cedar-falls-hospital/article_866bdd88-b8eb-5a70-8a66-35fc80322204.html

Comparisons Mall Site Cost-prohibitive to acquire, renovate, create green space Greater acreage space is needed to have a site that would be expandable The Mall itself is 31.46 Acres Eliminate several strong and growing commercial sites

Comparisons Sartori Hospital The site is 17.63 acres The current structure would be cost prohibitive to remodel Similar to our current site it will be landlocked and expansion would not be likely Our current High School site is 16.98 acres

Land Outside City Limits Comparisons Land Outside City Limits Must be cognizant of our District boundaries Explored several options for 50 plus acres, land was roughly the same price but utilities became cost-prohibitive Transportation costs, walkability

Proposed Purchase Proposed Purchase

Opportunities Current use of land will continue until if/when funding is available Finalize by March 31, 2017 50 Acres: $24,800 per acre ($1,240,000 total cost) $500,000 to go to future moving of green spaces/intramural spaces/PE spaces Co-use We practice on one field $14,800 per acre ($740,000) This is money that would have been expended on these items.

Where Will Growth Occur? Will development continue similar to current rates? What housing products will be built (SF, MF, smaller or larger)? Will families be able to afford the available housing stock? Is the economic outlook for the Cedar Falls community positive? The market and property owners’ desire to build guides the timing of development Other properties not shown might develop while some shown might not develop

Future Considerations Greenhill Road extension Future Development anticipated around this site Deeper collaborative opportunities with University of Northern Iowa Efficiency environmentally and also with potential co-use of parking lots and green spaces.

Recommendation To set a public hearing regarding the purchase of property from the University of Northern Iowa Questions?