1. 2016 Draft School Facilities Needs Analysis Presentation by: Lyn Gruber & Douglas Floyd Koppel & Gruber Public Finance

2.  Alternative School Fees ◦ Level 2 – Intended to represent 50% of Facilities Costs ◦ Level 3 – Intended to represent 100% of Facilities Costs  District Must Meet at least Two out of Four Eligibility Requirements ◦ District meets Two of the Four  Must prepare and adopt School Facilities Needs Analysis (SFNA)  SFNA Final and Available 30 Days prior to Public Hearing ◦ Public Hearing Scheduled for June 14 th  Effective immediately; valid for 1 year after adoption 2

3. 3 Draft SFNA Supports the Following Alternative Fee Amounts: A LTERNATIVE F EE P RELIMINARY A MOUNT Level II Fee$10.66 per square foot Level III Fee$21.32 per square foot

4.  SFNA shall be conducted to: “determine the need for new school facilities for unhoused pupils that are attributable to projected enrollment growth from the development of new residential units over the next five years.”  Projected Student Enrollment  Historical Student Yield Factors * Projected Residential Units  Permissible New Construction Costs + Site Acquisition/Development Costs Attributable Projected Student Enrollment=Permissible Costs  Permissible Costs/Square Footage from Projected Residential Units  = Per Square Foot Fee 4

5. 5 Historical Student Yield Rates (5-year) Determined by DDP S CHOOL L EVEL S INGLE F AMILY D ETACHED (SFD) U NITS S INGLE F AMILY A TTACHED (SFA) U NITS M ULTI - F AMILY U NITS Elementary School (K-5)0.45200.22200.1200 Middle School (6-8)0.17400.10000.0680 High School (9-12)0.11000.06200.0750 T OTAL 0.73600.38400.2630

6. 6 ◦ Collaboration with DDP ◦ Anticipated Development After October 2015 Enrollment ◦ Includes Unmitigated Projected Units Only  Major Unmitigated Projects: Jordan Ranch, Moller Ranch, Tassajara Highlands, Terrace Ridge, Heritage Park, Bay West, Eden Veterans, Dublin Station R ESIDENTIAL C ATEGORY T OTAL P ROJECTED U NITS M ITIGATED P ROJECTED U NITS U NMITIGATED P ROJECTED U NITS SFD1,9301,320610 SFA1,394916478 MF6310 T OTAL 3,9552,2361,719

7. 7 ◦ Student Yield Factors * Projected Unmitigated Residential Units S CHOOL L EVEL P ROJECTED S TUDENT E NROLLMENT Elementary School (K-5) 458 Middle School (6-8) 197 High School (9-12) 144 T OTAL 799

8. 8 ◦ Seats at High School level deemed not available. Expected to be occupied due to:  Enrollment Growth from Existing Housing  Projected Student Enrollment from Projected Mitigated Units S CHOOL L EVEL E XISTING F ACILITIES C APACITY S TUDENT E NROLLMENT (O CTOBER 2015) 1 E XCESS /(D EFICIT ) C APACITY Elementary School (K-6)5,1946,141(947) Middle School (7-8)1,4501,495(45) High School (9-12)2,4992,330169 T OTAL 9,1439,966(823) 1. The School District currently operates K-5 and 6-8 schools, the figures above have been adjusted by school level to be consistent with SAB 50-02 capacity requirements.

9. 9 ◦ Projected Unhoused Students * State per-pupil Grants ◦ State per Pupil Grants Adjusted by SAB – Feb 2016 ◦ Includes Base Grant, Automatic Fire Detection/Alarm Grant, Fire Sprinkler System Grant and General Site Development Grant S CHOOL L EVEL P ROJECTED U NHOUSED S TUDENTS T OTAL P ER P UPIL G RANT T OTAL N EW C ONSTRUCTION G RANT Elementary School (K-5) 458$11,717$5,366,386 Middle School (6-8) 197$12,409$2,444,573 High School (9-12) 144$15,432$2,222,208 T OTAL 799NA$10,033,167

10. 10 ◦ Allows up to 50% of Site Acquisition and Site Development Costs to be Added Site Development Costs ◦ Service Site, Off-site, Utility Costs ◦ JM Amador Site Development Costs-$450,000/acre (2014$) ◦ Indexed to 2016$ by % Change in State Grant Amounts ◦ $482,000/acre

11. 11 Site Acquisition Costs ◦ Ground Lease Option with City (Jordan Ranch Site) ◦ Last Land Appraisal Prepared in 2014-$3m/acre ◦ How to Update to Current Costs? ◦ Updated Land Appraisal ◦ Review of Recent Land Sale Transactions ◦ Discussion with Land Brokers ◦ Index 2014 Values to Current Dollars ◦ Change in Median Homes Sales Price (19-22%) ◦ Change in Land Cost Index (19.6%) ◦ Utilized Land Cost Index--Estimated Land Cost @ $3.59m/acre, plus 4% (surveys, appraisal, CDE approval) = $3.73m/acre

12. 12 S CHOOL L EVEL S TUDENT C APACITY S ITE A CREAGE K-8 Site 95013.40 High School (9-12) 2,50047.10 ◦ Site Acreages per 1998 CDE Guidelines S CHOOL L EVEL P ROJECTED U NHOUSED S TUDENTS S CHOOL F ACILITY C APACITY N UMBER OF S CHOOL F ACILITIES R EQUIRED K-8 Site 6559500.69 High School (9-12) 1442,5000.06 Future Site Capacities and Size Requirement (Not Site Specific) Number Of Facilities Required (Not Site Specific) S CHOOL L EVEL T OTAL S ITE C OST 50% OF T OTAL S ITE C OSTS N UMBER OF S CHOOL F ACILITIES R EQUIRED T OTAL S ITE A CQUISITION AND S ITE D EVELOPMENT C OSTS K-8 Site $56,469,570$28,234,7850.69$19,482,002 High School (9-12) $198,486,323$99,243,1620.06$5,954,590 TOTAL$25,436,592 Site Acquisition and Site Development Costs from Projected Unhoused Students

13. 13 Level II Fee Permissible Cost D ESCRIPTION A MOUNT Total New Construction Cost$10,033,167 Total Site Acquisition and Development Cost$25,436,592 Less Local Funds Credit$0 P ERMISSIBLE L EVEL II F EE C OST $35,469,759 D ESCRIPTION A MOUNT Maximum Level II Fee Cost$35,469,759 Maximum Level II Fee Cost$35,469,759 P ERMISSIBLE L EVEL III F EE C OST $70,939,518 Level III Fee Permissible Cost

14. 14 Average Square Footage Per Unit Determination: ◦ Parcel Attribute Data (City GIS) -Units built previous 5-years ◦ Review of City Building Permit Records ◦ Review of Plan Sizes for Planned/Active Projects as Available ◦ Average Square Footage Estimates Submitted to and Reviewed by City R ESIDENTIAL C ATEGORY U N M ITIGATED P ROJECTED U NITS A VERAGE S QUARE F OOTAGE P ER U NIT T OTAL P ROJECTED S QUARE F EET SFD 6102,8901,762,900 SFA 4781,980946,440 MF 631980618,380 T OTAL 1,719NA3,327,720

15. 15 D ESCRIPTION A MOUNT Level II Permissible Cost$35,469,759 Total Square Footage of Unmitigated Projected Units3,327,720 L EVEL II F EE PER S QUARE F OOT $10.66 Preliminary Level II Fee Per Square Foot D ESCRIPTION A MOUNT Level III Permissible Cost$70,939,518 Total Square Footage of Unmitigated Projected Units3,327,720 L EVEL III F EE P ER S QUARE F OOT $21.32 Preliminary Level III Fee Per Square Foot

16. 16  Estimates “True Cost” Impact per Square Foot  Based on Facilities Master Plan Estimates  $32.87/square foot of new housing  Summarizes Level III Reimbursement Provision  Addresses General Guidelines for Redevelopment  Evaluate Additional Impact of Development  Provides Detailed Evaluation of Local Fund Availability  GO Obligation Funds, Fee Revenues, Potential State funding  Deducts Inter-District Impact and Impact from Existing Development  Review of Prior Year SFNAs (2012 through 2014)

17. 17