1. 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

2. 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

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

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

5. 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.

6. 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,

7. 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

8. 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 Acres
Eliminate several strong and growing commercial sites

9. 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 acres

10. 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

11. Proposed Purchase
Proposed Purchase

12. 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.

13. 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

14. 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.

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