$18 million bond Construction of new Junior High campus Construction of safety improvements at Elementary School campus  Storm Shelter  Fire Safety  Office Area Election Day: Nov 3 rd Early Voting: Oct 19 th – Oct 30 th

Junior High Building – 89 years old Elementary Building – 75 years old High School Building – 45 years old Responsibility of the School Board Evaluate Facilities Maintain Facilities Propose Upgrades for Facilities

January 2013 – 2 ½ years ago  Board Goal Setting 1.Security 2.Facility Needs Staff Evaluate and Prioritize Facilities  Junior High Campus  Elementary School

October 2013  Hired Architect to Perform Facility Study  Determine Renovation Cost for Junior High  Determine Cost for Elementary School Storm Shelter, Fire Sprinklers & Office Improvements November 2014  Study Presented to Board Evaluated Junior High and Elementary Buildings Scored on a scale from 1 to 100

Elementary  Main Building (75 years old): 62% (Borderline)  Additions (30 years old): 74% (Satisfactory) Junior High (89 years old): 52% (Borderline) Cost to Renovate Junior High ~ $15,070,000 Developed Community Facility Committee Scoring Categories Very Inadequate PoorBorderlineSatisfactoryExcellent 1 – 29%30 – 49% %70 – 89%90 – 100%

Goals to Achieve with Construction  Improving Safety  Improving the Learning Environment  Provide for Future Expansion  Minimal Tax Increase  Provide for 60+ Year Design Life

Options Considered  Renovating Existing Building  New Classroom Building on Existing Site  New Junior High Building on Existing Site  New Junior High Building on New Location

November 2014  Began Looking for Land to Purchase Minimum Recommendations for New Locations o Junior High: 15 acre + 1 ac/100 students = 18 ac o Elementary: 5 acre + 1 ac/100 students = 12 ac o 30 acres minimum

Public Meetings in December, January February 2015  Board Decides to Table Bond Election Vote  Board Approves up to $3950/acre to be paid for 60 acre land purchase

May 2015  CISD Purchased 60 Acres located North of Town Purchased from Tony & Lisa Bird $231, ($3,851/acre) Comps $ $6000/acre Fund Balance used Total amount included payment for CRP contract

August 2015  Board Voted to Call for an $18 Million Bond Election in November ~ $16 Million for New Junior High ~ $ 2 Million for Storm Shelter, Fire Sprinklers & Office Improvements at Elementary School September 2015 Held Public Meeting

$18,000,000 Bond 30 Years Projected I&S Tax Rate Increase = % Current CISD Total Tax Rate = $ Proposed CISD Total Tax Rate = $1.362 Age 65+ Homestead School Tax Ceiling

Increase Above Current Taxes Paid Appraisal Market Value Less $25,000* Homestead Exemption AnnualMonthlyWeeklyDaily $25,000$0 $50,000$25,000$61.78$5.15$1.19$0.17 $75,000$50,000$123.55$10.29$2.37$0.34 $100,000$75,000$185.33$15.44$3.56$0.51 $125,000$100,000$247.10$20.59$4.75$0.67 * Anticipated Exemption to be passed by voters in November 2015 election

Typical Grassland Costs

Typical Dryland Cotton Costs

1989 Bond  $6,000,000 5/6 campus 7/8/9 campus New gym  Today’s cost = $18,500,000 (Share of GDP Indicator Calculation)

Lowest Average Prime Rate Since 1954  3.25% At 2% Annual Inflation  2020: 3.25% => $3,000,000 More Total Cost  2020: 4.25% => $7,000,000 More Total Cost  2020: 6.06% => $15,000,000 More Total Cost Highest Tax Base & Lowest Interest Rates

What will happen to the existing building? Were there any other options considered? Our children and grandchildren will be burdened with this tax. No citizen escapes the 30 year tax burden. There is a dangerous gas line that runs through the proposed land. The response time to the new location will be increased. The school has instructed the maintenance personnel to stop doing any work on the Junior High so it will look worse. The school will retaliate against the children of those who oppose the bond.