1. Facility Options June 20, 2019 Presented by: Dr
Facility Options June 20, Presented by: Dr. Johnnie Thomas Superintendent of Schools, Rich Township High School District 227 Alicia Evans, Ed.D. Assistant Superintendent of Business and Operations

2. Information Sharing Timeline
Demographic Report
Facility Report
Budget Forecast
Thought Exchange
Options
Decision
Actions
Focused on Students and Student Success

3. ENROLLMENT PROJECTIONS SHOW DECLINES WHICH WILL LEAD TO REDUCED STATE AID
Focused on Students and Student Success
Source: May 2018 Kasarda Study

4. Replacement Cost = $40,220,000
When Forecasted Repairs = $39,704,922

5. Replacement Cost = $42,710,000
When Projected Repair Cost = $59,958,656

6. Replacement Cost = $42,595,000
When Projected Repair Cost = $32,625,153

7. Net Income/(Deficit) Forecast Shows Unbalanced Budgets In Future Because Of Reduced Enrollment
Sound Stewardship of District Finances

8. Information Sharing Timeline
December 11 – January 11
Student Discussion/Forums
December 11, 2018
Staff Discussion/Forums
December 12, 2018
Community/Parent Forums
December 13, 2018
December 19, 2018
January 3, 2019
January 10, 2019
Parent
January 12th and January 13th

9. A Summary of the Results
Close one school
Consolidate campuses
Consider the enrollment trend data
Board transparency in decision making

10. Options Repairs to Facilities - No Upgrades
Upgrade All Facilities and Address Facility Needs
Upgrade and Consolidate to Two Schools in District
Build One New Facility (Full student body)
Build One New Facility / Partially Upgrade One Existing Site
Purchase Facility and Partial Renovation of Existing Site

11. Option Concepts Cost Estimates Timeline Financing
Legislation
Referendum
Percentage Increase in Overall Property Tax Bill
Percentage Increase in Property Tax Rich Portion
Percentage Increase in Property Tax Rich Bond Amount
All options retain the same bond payments for the first two years

12. Option 1 Repairs to Facilities - No Upgrades Cost Estimates/Financing Timeline

13. Costs For Repairs by School (Only)
Note: *Other includes 10% contingency, 6% escalation, 2% abatement and 10% soft cost.

14. Option 1 – Financing Requires a change in legislation
Requires referendum
Percentage Increase in Overall Property Tax Bill = 3%
Percentage Increase in Property Tax Rich Portion = 9%
Percentage Increase in Property Tax Rich Bond Amount = 109%

15. Option 2 Upgrade All Facilities and Address Facility Needs Cost Estimates/Financing Timeline

16. Upgrade All Facilities and Address Facility Needs Includes new Field House, Pool and Secure Entrance Additions
Note: *Other includes 10% contingency, 6% escalation, 2% abatement and 10% soft cost.

17. Option 2 – Financing Requires a change in legislation
Requires referendum
Percentage Increase in Overall Property Tax Bill = 15%
Percentage Increase in Property Tax Rich Portion = 41%
Percentage Increase in Property Tax Rich Bond Amount = 516%

18. Option 3 Upgrade and Consolidate to Two Schools in District Cost Estimates/Financing Timeline

19. Upgrade and Consolidate to Two Schools in District Upgrade Rich Central and Rich East (Demolish Rich South)
Note: *Other includes 10% contingency, 6% escalation, 2% abatement and 10% soft cost.

20. Upgrade and Consolidate to Two Schools in District Upgrade Rich Central and Rich South (Demolish Rich East)
Note: *Other includes 10% contingency, 6% escalation, 2% abatement and 10% soft cost.

21. Upgrade and Consolidate to Two Schools in District Upgrade Rich East and Rich South (Demolish Rich Central)
Note: *Other includes 10% contingency, 6% escalation, 2% abatement and 10% soft cost.

22. Option 3 – Financing Requires a change in legislation
Requires referendum
Percentage Increase in Overall Property Tax Bill = 7% - 9%
Percentage Increase in Property Tax Rich Portion = 19% - 25%
Percentage Increase in Property Tax Rich Bond Amount = 237%, 314%, 308%

23. Option 4 Build One New Facility Using an Existing Site (Full student body) Cost Estimates/Financing Timeline

24. Build One New Facility Using an Existing Site To Accommodate the Entire Student Body
Note: The building costs is based on $90,470 per student
Note: *Other includes 10% contingency, 6% escalation, 2% abatement and 10% soft cost.

25. Option 4 – Financing Requires a change in legislation
Requires referendum
Percentage Increase in Overall Property Tax Bill = 14%
Percentage Increase in Property Tax Rich Portion = 37%
Percentage Increase in Property Tax Rich Bond Amount =458%

26. Option 5 Build One New Facility / Partially Upgrade One Existing Building Cost Estimates/Financing Timeline

27. Build One New Facility and Partially Upgrade One Existing Building
Note: *Other includes 10% contingency, 6% escalation, 2% abatement and 10% soft cost.

28. Option 5 – Financing Requires a change in legislation
Requires referendum
Percentage Increase in Overall Property Tax Bill = 10%
Percentage Increase in Property Tax Rich Portion = 25%
Percentage Increase in Property Tax Rich Bond Amount = 318%

29. Option 6 Purchase Facility and Partial Renovation of an Existing Site Cost Estimates/Financing Timeline

30. Purchase Facility and Partial Renovation of an Existing Site
Note: *Other includes 10% contingency, 6% escalation, 2% abatement and 10% soft cost.

31. Financing Source Use of DSEB, Lease, Working Cash Funding
Lease Purchase
Funding Bond
Working Cash
Retain the same bond payments for the first two years

32. Option 6 – Financing Requires no change in legislation
Requires no front door referendum
Percentage Increase in Overall Property Tax Bill = 1%
Percentage Increase in Property Tax Rich Portion = 3%
Percentage Increase in Property Tax Rich Bond Amount = 32%

33. % Property Tax Bill Increase
Option/Costs
% Property Tax Bill Increase
Financing Options
Referendum
Timeline
Option 1
$169,677,893 3%
Legislation and Referendum Needed
Yes
Summer 2021-
Summer 2027
Option 2
$399,535,954
15%
Option 3A-3B-3C
$285,059,159
$241,697,053
$282,035,695 9% 7%
Option 4
$367,947,360
14%
Summer 2025
Option 5
$288,243,200
10%
Option 6
$105,640,000 1%
Working Cash/DSEB/Lease No
Summer 2021
Partial Renovation 2023
Summary Information

34. Thought Exchange

35. Question:
Of the options presented, which do you find most favorable and why? Please be sure to indicate the number assigned to the option you are discussing.

36. Reminder
Show curiosity! If there’s a thought that really made you pause and consider, be sincere and open. Keep the conversation going, even after the exchange!
Come back into the exchange to do more starring
Encourage other people to come back into the exchange to do more starring

37. Thought Exchange Dates and Participation
Exchange Dates: Thursday, June 20, 2019 – Thursday, July 11, 2019
Enter the exchange using the following link:

38. % Property Tax Bill Increase
Option/Costs
% Property Tax Bill Increase
Financing Options
Referendum
Timeline
Option 1
$169,677,893 3%
Legislation and Referendum Needed
Yes
Summer 2021-
Summer 2027
Option 2
$399,535,954
15%
Option 3A-3B-3C
$285,059,159
$241,697,053
$282,035,695 9% 7%
Option 4
$367,947,360
14%
Summer 2025
Option 5
$288,243,200
10%
Option 6
$105,640,000 1%
Working Cash/DSEB/Lease No
Summer 2021
Partial Renovation 2023
Summary Information