Community Informational Night April 9, 2014

Lisbon School Department Serving the communities of Lisbon and Lisbon Falls

Community Informational Night April 9, 2014

Informational Night Overview

Guaranteed Performance Contract (Update)

Updated Costs (Local Tax Impact)

Track

Gymnasium (Schematic Design Phase)

Bond Interest Impact

Updated Construction Timeline(s)

Schedule for Bond Referendum

Clarifying Questions (FAQ)

Questions/Comments

Lisbon School Department’s Guaranteed Performance Contract

In January, 2014, the Town of Lisbon and the Lisbon School Department selected Siemens Industries to complete a comprehensive energy audit. In May, Siemens will provide recommendations and detailed calculations for Facility Improvement Measures for our consideration. These improvements will be paid for through the guaranteed energy savings, so there is no new money required.

Track Proposal (2014)

• All Weather Running Track ($350,000) – 6 Lanes, 400 Meters

• Field Event Equipment ($40,000)

• Fencing ($25,000)

(Estimates)

Track Local Tax Impact

10 Year Bond ($500,000)

Local Budget Increase

• 2014/2015 ($4,687)

• 2015/2016 ($58,775)

• $58,775 (.13 Mil/$13 per $100,000)

Gymnasium Proposal (2014)

• Total Estimated Cost $5,707,864 • Schematic Design Phase I and II

–Programming Meetings (Staff)

–Design Floor Plans

–Design Elevations (3-D Model)

–Calculate Actual Costs

–Community Meetings (Straw Poll)

Gymnasium Local Tax Impact

20 Year Bond ($5,700,000)

Local Budget Increase

• 2014/2015 ($161,481)

• 2015/2016 ($455,459)

• $455,459 (.99Mil/$99 per $100,000)

Lisbon School Department Bond Interest Impact

Maine Municipal Bond Bank (LCS, 2004)

Qualified School Construction Bond (2010)

Annual Savings in Interest $18,000-$34,000

Potential Impact (Handout)

Track/Gymnasium Final Local Tax Increase

Final Local Tax Increase (Combined)

• 2014/2015 $132,121

• (.29Mil/$29 per $100,000)

• 2015/2016 $329,763

• (.72Mil/$72 per $100,000)

April Track

Construction Timeline

Total (12-14 Weeks)

• 8-10 Weeks

–Excavation/Base Work

• 1-2 Weeks

–Track Surface/Painting

April Gymnasium

Construction Timeline Next 14 ½ Months:

• Schematic Design (2 Months)

– Informational Meetings: Straw Poll

• Design Development (1 1/2 Months)

• Construction Documents (2 Months)

• Bidding Phase (1 Month)

• Construction Phase ( 8 Months)

April Track/Gymnasium Bond Referendum Timeline

Tuesday, April 15, 2014 Public Hearing/Town Council Approval Friday, May 9, 2014 Absentee Ballots Available Tuesday, June 10, 2014 Bond Referendum

April Track/Gymnasium

Clarifying Questions (FAQ)

Why a June Referendum?

Will there be a Bond for the Performing Arts Center?

Why can’t we wait for State funding?


Why Build Now?

• Budget Validation Referendum (June) • Started Planning in 2010

– Schematic Design Phase I “Shovel Ready”

• Cost of Project(s) Increases (3%/$180,000) • Interest Rates • Guaranteed Performance Contract • RSU #5 Withdrawal Working Group

– 200 Students/Accreditation

• INVESTMENT IN COMMUNITY


Questions/Comments

Thank You!