NEW BERWICK ELEMENTARY SCHOOL

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ACT 34 PUBLIC HEARING PROJECT DESCRIPTION BOOKLET

March 3, 2014 BOARD ROOM

DISTRICT ADMINISTRATION OFFICE 6:00 P.M.

BERWICK AREA SCHOOL DISTRICT New Elementary School Act 34 Booklet 1

Acknowledgements Board of School Directors Mrs. Rhonda Wieners, President

Mrs. Maryann Kovalewski Mr. Richard Knorr Mr. Daniel McGann Mr. William McLaughlin Mr. Rob Palermo Mr. Ron Robsock Mr. Brian J. Seely Mrs. Susy Wiegand

Superintendent Mr. Wayne Brookhart Business Manager Ms. Christina Bason Board Secretary Mrs. Janet Kovach Director of Buildings & Grounds Mr. James Geffken Architect Hayes Large Architects LLP Solicitor Robert A. Bull, Esquire Bull, Bull & McDonald LLP Underwriter/Investment Banker -------------- Bond Counsel

Stevens & Lee,, P.C.


TABLE OF CONTENTS

Page No. PART 1 - Introduction Notice of Public Hearing .................................................................................................. 4 Agenda for Public Hearing .............................................................................................. 5 PART 2 - Need for the Project Description of Need ...................................................................................................... 7-8 Summary of Owned Buildings and Land (A09) ................................................................ 9 PART 3 - Project Options Description of Project Options ....................................................................................... 11 PART 4 - Project Description Educational Specifications Planning Process ................................................................ 13 Project Description (A02, A03) ................................................................................. 14-15 Room Schedule (A11, A12, A18, A19) ..................................................................... 16-19 Site Plan ....................................................................................................................... 20 First Floor Plan .............................................................................................................. 21 Second Floor Plan ......................................................................................................... 22 PART 5 - Financial Information for the New Elementary School Explanation of Direct Costs ........................................................................................... 24 Project Accounting Based on Estimates (D02, D03, D- ) ......................... 25-27 Detailed Site Development Costs (D04) ........................................................................ 28 Maximum Building Construction Cost (D20) .................................................................. 29 School Building Capacity (D21) ..................................................................................... 30 Aggregate Building Expenditure Standard (D23) ........................................................... 31 Description of Financing Alternatives ............................................................................ 32 Comparison of Long Term Financing Methods ......................................................... 33-36 Expected State Reimbursement and Millage Impact ..................................................... 37 Debt Service Payment Schedule .............................................................................. 38-39 Board Resolution ........................................................................................................... 40


PART 1

INTRODUCTION


Notice of Public Hearing To all residents of the Berwick Area School District, Columbia County and Luzerne County, Pennsylvania. Please take notice that a public hearing will be held in the Board Room of the Berwick Area School District, District Administration Office, 500 Line Street, Berwick, Pennsylvania on Monday, March 3, 2014 at 6:00 p.m., local prevailing time, for the purpose of reviewing all relevant matters pertaining to the construction and equipping of the New Elementary School. A description of the project, including facts with respect to educational, physical, administrative, budgetary and fiscal matters related to the project, will be presented and will be available for consideration at such public hearing and from February 17, 2014 the booklet will be available during business hours (8:00 a.m. to 4:00 p.m. - M-F) of the School District at the Administrative Offices, Main Reception area, located at 500 Line Street, Berwick, Pennsylvania. The Board of School Directors of the School District by resolution duly adopted has authorized a "Maximum Project Cost" of $19,137,240 and a "Maximum Building Construction Cost" of $17,249,096 in connection with the New Elementary School project. This public hearing is being held pursuant to requirements of the Pennsylvania Public School Code of 1949, approved March 10, 1949, as amended and supplemented, including amendments made pursuant to Act 34 of the Session of 1973 of the General Assembly. All residents are invited to attend. Anyone wishing agenda time, or wishing to submit written testimony or both, should contact the secretary of the Board of School Directors until 12:00 noon, Thursday, April 3, 2014 Additional testimony will be received from the floor at the hearing. Questions taken from the floor will be limited to five minutes per resident/presenter. Written comments regarding the project will be received by the secretary of the Board of School Directors until 12:00 noon, Thursday, Thursday, April 3, 2014.

BERWICK AREA SCHOOL DISTRICT Columbia County and Luzerne County County, Pennsylvania ___________________________ _

/s/ Mrs. Janet Kovach, Board Secretary


Agenda for New Elementary School Public Hearing March 3, 2014 6:00 P.M. Opening Remarks & Outline of Procedures Robert A. Bull, Esquire Hearing Duly Constituted Robert A. Bull, Esquire Description of Need Mr. Wayne Brookhart, Superintendent Description of Project Options Mr. Wayne Brookhart, Superintendent Description of the Project Explanation of Educational Specs. Matthew R. Luttrell, Project Manager Hayes Large Architects LLP Explanation of the Plans Matthew R. Luttrell, Project Manager Hayes Large Architects LLP Description of Financial Information Explanation of Direct Costs Matthew R. Luttrell, Project Manager Hayes Large Architects LLP Explanation of Indirect Costs Ms. Christina Bason, Business Manager Description of Financial Alternatives Ms. Christina Bason, Business Manager Effect of Project Costs on Tax Base Ms. Christina Bason, Business Manager Questions and Answers* Robert A. Bull, Esquire Public Comments* Robert A. Bull, Esquire Closing Comments Adjournment * Procedures for Questions and Public Comments

A. Questions and comments will have the following priority: 1. Written questions and comments submitted prior to the Hearing. 2. There will be cards available at the front of the room upon which a written question may

be submitted, with the name of the person submitting the question. 3. Chairperson will accept questions and comments (at the appropriate time) from the floor. B. Raise hand if you wish to ask a question or to make a public statement. C. When called upon, please state your name and address, then state your question or comment. D. State only one question or only one statement at a time to allow all persons an opportunity to

speak. E. Please do not intentionally repeat previous questions or statements.

F. Time limit: Five minutes per presenter.


PART 2 NEED FOR THE PROJECT


Description of Need: New Berwick Area School District Elementary School

The need for a new Berwick Elementary School stems from changing demographics and a need for a more efficient use of building and staff resources. The new school will allow for the consolidation and replacement of two existing facilities that are otherwise in need of extensive renovations and upgrades to accommodate the on-going needs of the District. The new school will provide for a more effective use of personnel while providing a significant improvement in energy efficiency and operational costs.

The new school will replace two existing elementary schools. Orange Street Elementary School was constructed in 1927 with additions and renovations occurring in 1981. Fourteenth Street Elementary School was constructed in 1924 and had limited renovations and an addition in 1981. Both schools are in need of substantial renovations to provide for current educational, accessibility and operational needs.

The existing Orange Street site property will be expanded with the acquisition 7.6 acres of adjoining property. This location takes advantage of the convenience of the Orange Street Elementary School while the property acquisition will allow for the new building to be located to the back of the site away from the traffic congestion. The site will allow for improved neighborhood and walking access and will remove car access from Orange Street to Washington Street. The new site will also isolate car and bus traffic for improved safety and efficiency.

The desire of the Berwick Area School District is to deliver a modern-day elementary school educational experience and the probability of achieving that goal can be better reached with the new building. In addition, the new facility will have increased energy efficiency with the installation and utilization of a geothermal heat pump system. Utilizing new technologies, such as the geothermal system, will aid in creating a modern, sustainable facility.

The new elementary school will include enhanced educational spaces and operational systems to support the excellent programs and opportunities provided by the Berwick Area School District. Progressive technology and sustainable materials and practices are at the core of the project and are focused on providing an enduring student experience that provides a solid educational experience in preparation for Middle School and beyond.


Planning Process

The Board of School Directors hired the firm of Hayes Large to complete and prepare a ildings, which was completed February

2012. This planning process includes the development and evaluation of 4 District wide facility options. The options from this study were discussed and presented to the Board of School Directors and administration at public board meetings. The educational specifications and plans were developed jointly by the teachers, administration and the board. On September 20, 2012, Mr. S. Dwight Knouse II and Mr. Matthew R. Luttrell of Hayes Large Architects presented preliminary project plans that included floor plans, designating all spaces required for the new elementary school and a site plan. At that same meeting, the Board of School Directors approved the submission of PlanCon A and B to the Pennsylvania Department of Education (PDE). The PlanCon A and B documents for the New Berwick Elementary School were submitted and reviewed in a meeting at PDE on October 11, 2012. Meetings with various District personnel have been held to discuss, develop and refine the specific components of the project. Additional review/follow-up meetings will continue to be conducted throughout the fall of 2013 with a final review meeting to occur in March of 2014.

MIFFLIN COUNTY SCHOOL DISTRICT New Indian Valley High School Act 34 Booklet 9

SUMMARY OF OWNED BUILDINGS AND LANDDistrict/CTC: Project Nam e: Grades:

Berwick Area School District New Elementary School K - 4

PRESENT PLANNED#1 #2 #3 #4 #5 #6 #7 #8 #9 #10 #11

NAM E OF BUILDING OR SITE(INCLUDING DAO AND VACANT LAND)OW NED BY SCHOOL DISTRICT/CTC CO

NSTRUCTION

AND/OR

RENOVATION

DATES (BID

OPENING DATES)

SITE SIZE (ACRES)

GRADE LEVELS

BUILDING FTE

C O N VERSION /DISPOSITIONAND PLANNED

COM PLETION DATEBASED ON

OPTION CHOSEN SITE SIZE (ACRES)

GRADE LEVELS

PLANNED

BUILDING

FTE

PDE PROJECTED

GRADE LEVEL

ENROLLMENT

10 YEARS INTO

THE FUTURE

FTE MINUS

ENROLLMENT

(#9 - #10)

Salem Elementary School/ DAO 1954 19 K-5 525 Convert to K-4: 8/2015 19 K-4 525 XXXXXXXX XXXXXXXX1968 XXXXXXXX XXXXXXXX1993 XXXXXXXX XXXXXXXX

XXXXXXXX XXXXXXXXNescopeck Elementary School 1932 2.12 K-5 400 Convert to K-4: 8/2015 2.12 K-4 400 XXXXXXXX XXXXXXXX

1953 XXXXXXXX XXXXXXXX1981 XXXXXXXX XXXXXXXX1994 XXXXXXXX XXXXXXXX

XXXXXXXX XXXXXXXXOrange Street Elementary School 1927 5.1 K-5 575 Proposed Closure/ Lease 5.1 - - XXXXXXXX XXXXXXXX

1980 6/2015 XXXXXXXX XXXXXXXXNew Elementary School 2015 Complete/ Occupy 12.1 - 750 XXXXXXXX XXXXXXXX14th Street Elementary School 1924 1.6 K-5 275 Proposed Closure 1.6 - XXXXXXXX XXXXXXXX

1981 XXXXXXXX XXXXXXXXSubtotal XXXXXXXXX XXX XXXX 1,775 XXXXXXXXXXXXXXXXXXXXXX XXX XXXX 1,675 1,029 646

XXXXXXXX XXXXXXXXMulberry Street School Maintain (closed/lease to XXXXXXXX XXXXXXXX

1991 special education entity) XXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXX

Subtotal XXXXXXXXX XXX XXXX XXXXXXXXXXXXXXXXXXXXXX XXX XXXXXXXXXXXX XXXXXXXX

Berwick Area Middle School 1978 26* 6-8 1,268 Convert to 5-8 26* 5-8 1,268 XXXXXXXX XXXXXXXX1988 XXXXXXXX XXXXXXXX2002 XXXXXXXX XXXXXXXX

XXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXX

Subtotal XXXXXXXXX XXX XXXX 1,268 XXXXXXXXXXXXXXXXXXXXXX XXX XXXX 1,268 932 336XXXXXXXX XXXXXXXX

Berwick Area High School 1958 26* 9-12 1,144 Maintain 26* 9-12 1,144 XXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX XXXXXXXXDESCRIPT ION OF

* Shared Site BOARD ACTIONSREQUIRED BELOW

Subtotal XXXXXXXXX XXX XXXX 1,144 XXXXXXXXXXXXXXXXXXXXXX XXX XXXX 1,144 772 372TOTAL XXXXXXXXX XXX XXXX 4,187 XXXXXXXXXXXXXXXXXXXXXX XXX XXXX 4,087 2,733 1,354

ACTIONS TO BE TAKEN IN THE FUTURE IF PROJECTIONS COME TRUE

AND THE SCHOOL DISTRICT EXPERIENCES EXCESS OR INSUFFICIENT CAPACITY (FTE MINUS PROJECTED ENROLLMENT (Col. 11) > + or - 300)

CHECK IF APPLICABLE:

EXPAND PROGRAMS OR COURSE OFFERINGS

X PROVIDE SPACE FOR USE BY COMMUNITY GROUPS OR SERVICE AGENCIES

OFFER FULL-TIME KINDERGARTEN OR PRE-SCHOOL

REDUCE CLASS SIZE

X CLOSE SCHOOL(S)

OTHER (DESCRIBE):

REVISED JULY 1, 2010 FORM EXPIRES 6-30-12 PLANCON-A09


PART 3 PROJECT OPTIONS


Description of Project Options In February 2012, Hayes Large Architects presented four (4) facility options which addressed the facility needs of the Berwick Area School District. The options looked at various ways of improving the condition of both buildings and sites as well as correcting educational space deficiencies. The options ranged from a new elementary school to additions and alterations to both the existing Middle School and High School, construction of a new High School and a combination of major renovations and additions all schools. Summary of Options Option 1 New Elementary School; major renovation to the High School, renovations/

modernization for Middle School to accommodate the 5th grade; renovation/ modernization for Nescopek Elementary School; existing Mulberry building, 14th Street ES and Orange Street ES to be sold, leased, re-purposed or demolished.

Option 2 Major renovation projects for the High School and Salem Elementary School; renovations and addition to the Middle School to accommodate grades 4 & 5 in addition to grades 6-8; renovation/ modernization for Nescopek Elementary School; existing Mulberry building, 14th Street Elementary School, Orange Street ES to be sold, leased, re-purposed or demolished.

Option 3 Major renovation project to the existing High School to convert to an elementary school; major renovation to Salem Elementary School; renovations/modernization to the Middle School; renovation/ modernization for Nescopek Elementary School; existing Mulberry building, 14th Street Elementary School, Orange Street ES to be sold, leased, re-purposed or demolished.

Option 4 Demolish and reconfigure a major portion of existing High School; renovation/ modernization of Middle School with addition; major renovations to 14th Street Elementary School and Salem Elementary School; renovation/ modernization for Nescopek Elementary School; existing Mulberry building, Orange Street ES to be sold, leased, re-purposed or demolished.

As part of these building options, existing and potential new sites were evaluated for suitability to address the Districts situation. Through the process it was determined that the existing Orange Elementary School site, in conjunction with available properties, provided the best solution to address the geographic and enrollment needs while providing the most financially responsible solution. Ultimately, Option 1 was chosen by the School Board, constructing a new elementary school on a site that adjoins the existing Orange Street Elementary School site. This location would allow for improved access from the surrounding neighborhoods as well as providing enhanced site circulation with separated pedestrian, car and bus traffic. This option provides for a new building which will meet the educational needs of the students, both inside and outside the building. This option provides for increased operational efficiency by replacing two aging facilities with a single facility with a fully insulated building envelope, energy efficient electrical and lighting systems and geothermal heating and cooling system.


PART 4 PROJECT DESCRIPTION


Educational Specifications Planning Process The Educational Specifications were developed by the staff and administration of the Berwick Area School District with the assistance of Hayes Large Architects. This process began during the summer of 2012 with District providing descriptions and lists of general information pertaining to each space within the building. This information was then reviewed by the school administrators and forwarded to the Architect for review and comment. The writing process continued through August of 2012 along with consultations with the administration and Architect. The final document was submitted to the Board of School Directors for approval by the Administration in September of 2012. The educational specification is the primary tool for developing and refining the design of the project. As the design evolves additional meetings are scheduled to review floor plans for viability and compliance with the educational specification. Ultimately, the District will complete a final review and provide written acknowledgment that the project complies with the educational specifications prior to release for bid.


PROJECT DESCRIPTION (Page 1 of 2)District/CTC: Pro ject Name: Grades:


1. Indicate the type of project:Additions to Alterations to

New School Existing ExistingBuilding X Building Building Building Purchase

2. Indicate the current condition of the project building:

Poor Fair Good Excellent

3. Indicate the current Portfolio Manager Score (1 - 100), predicted Target Finder Score (1 - 100) and EUI(Energy Utilization Index) in thousands of British Thermal Units per Square Foot (kbtu/sf) for the project building:

Portfolio Manager Score N/A Target Finder 63 Site EUI 53 Source EUI 147

4. Indicate the L & I construction type for the project building:Protected Wood Frame

Non- Heavy orFire-Resistive X Combustible Timber Ordinary

5. Indicate the number of stories for the project building:

1 story 2 stories X 3 stories 4 or more

6. If a project involves the renovation of a structure of more than one story which haswood framing (interior or exterior framing that is wholly or partially of wood), provide adescription of the construction plans and methods designed to meet health and safetystandards related to the use of wood in this building (BEC 24 P.S. § 7-733).

7. Briefly describe the work, in general, to be completed by this construction project:

8. Indicate the reasons justifying the planned project (check the following if applicable):Health and

Enrollment Educational Safety Building and/orGrowth Programming X Issues X Site Accessibility X

Structural HVAC, Electricaland/or Roof X and/or Plumbing X Other:

9. Briefly describe any educational, operational and administrative changes that will beimplemented as a result of this construction project.

10. Is total demolition of an entire existing structure part of this project? Yes X No

11. Is there any building/structure/site condition/site feature that is more Yes X Nothan 50 years old on this site? If yes, please describe. CONTACT PHMC

12. Will this project involve the demolition of historically significant structures, Yes No Xincluding but not limited to school buildings or private residences?If Yes, please describe.

13. Indicate the site acreage: Current 5.1SEE PART A INSTRUCTIONS RE: To be Acquired 7.6 (If acreage is to be acquired, reportAGRICULTURAL LAND PRESERVATION Total Planned 12.7 costs on Page A04, Line N.)

14. Are there any other district buildings located at this site? Yes x NoIf yes, list the other buildings: Orange Street Elementary School

15. Is the acreage to be acquired currently in agricultural use? Yes No x


The District will acquire an adjacent abandoned property that formerly housed a textile mill. The combined properties will allow for improved site access and efficiency, expanded programs and consolidation of K-‐4 population that is currently housed in (2) outdated facilities.

N/A

The project will result in a change of grade configuration District wide. This construction project will allow the distric to move to an intermediate education model with fifth grade moving ot the current Middle School. Operationally, efficiency will increase through the closure of two aged buildings. This will also result int the consolidation of human resources.


PROJECT DESCRIPTION (Page 2 of 2)District/CTC: Pro ject Name: Grades:


16. Describe the existing site topography and any planned changes.

17. Describe existing access to public roads and any planned changes.

18. Describe existing community use of the site and any planned changes.

19. Describe existing conditions on or near the site that could affect health and safety.

20. Is there an adopted municipal comprehensive land use plan, as per the Yes X NoPennsylvania Municipalities Planning Code?

21. Is there an adopted county comprehensive land use plan? Yes X No

22. Is there an adopted multi-municipal or multi-county comprehensive Yes No Xland use plan?

23. Is there an adopted county or municipal zoning ordinance or a Yes X Nojoint municipal zoning ordinance?

24. Is the proposed project consistent with these comprehensive Yes X Noplans and/or zoning ordinances?


The site is a gently sloping site and will require minimal changes to the topography to accommodate the new school.

The site has public access from four roads: Orange Street, N. Orchard Street, Washington Street and Park Street. The new site plan will have bus access from Orange Street , N. Orchard Street, Parent/ Faculty access from Washington Street and Service access from Park Street.

There are no currently designated community uses for the site. The new plan will provide for expanded fields and play areas.

Orange Street is a busy State Route (93).


ELEMENTARY ROOM SCHEDULE FOR PROJECT BUILDING (1 OF 2)District/CTC: Project Nam e: Grades:


PROJECT PLANNED SPACES - SCHEDULED AREA ONLYEXISTING NEW TOTAL

#1 #2 #3 #4 #5 #6 #7 #8 #9 #10 #11 #12

NAME OF SPACE

UNIT FTE CAP

UNITAREASQ FT

NUMBER OF UNITS

TOTALAREASQ FT

TOTAL FTE CAP

UNITAREASQ FT

NUMBER OF UNITS

TOTAL AREA SQ FT

TOTAL FTE CAP

TOTAL AREA SQ FT

TOTALFTECAP

LIBRARY XXX XXXX 2,625 1.0 2,625 XXXX 2,625 XXXXX

HALF-TIME KINDRGRTN 50



FULL-TIME KINDRGRTN 25 850 6.0 5,100 150 5,100 150

FULL-TIME KINDRGRTN 25

FULL-TIME KINDRGRTN 25

REG CLSRM 660+ SQ FT 25 850 24.0 20,400 600 20,400 600

REG CLSRM 660+ SQ FT 25















SPECIAL ED ROOMS XXX SEE PAGE A18 SEE PAGE A18 XXXXXX XXXXX

SMALL GROUP <850 SQ FT XXX XXXX 834 1.0 834 XXXX 834 XXXXX

SMALL GROUP <850 SQ FT XXX XXXX 200 2.0 400 XXXX 400 XXXXX

LARGE GROUP INS 850+ SQ FT XXX XXXX XXXX XXXXX

LARGE GROUP INS 850+ SQ FT XXX XXXX XXXX XXXXX

ALTERNATIVE ED ROOM 660+ SQ FT XXX XXXX XXXX XXXXXOTHER:

OTHER:

OTHER:

OTHER:

OTHER:

OTHER:

OTHER:

PAGE A11 SUBTOTAL XXX XXXXX XXXXX XXXXX XXXXX 29,359 750 29,359 750



ELEMENTARY ROOM SCHEDULE FOR PROJECT BUILDING (2 OF 2)District/CTC: Project Nam e: Grades:



#1 #2 #3 #4 #5 #6 #7 #8 #9 #10 #11 #12

NAME OF SPACE

UNIT FTE CAP

UNITAREASQ FT

NUMBER OF UNITS

TOTALAREASQ FT

TOTAL FTE CAP

UNITAREASQ FT

NUMBER OF UNITS

TOTALAREASQ FT

TOTAL FTE CAP

TOTALAREASQ FT

TOTALFTECAP

COMPUTER ROOM XXX XXXX XXXX XXXXX



ART ROOM XXX XXXX 1,200 1.0 1,200 XXXX 1,200 XXXXX

ART ROOM XXX XXXX XXXX XXXXX

ART ROOM XXX XXXX XXXX XXXXX

MUSIC ROOM XXX XXXX 850 1.0 850 XXXX 850 XXXXX

MUSIC ROOM XXX XXXX XXXX XXXXX

MUSIC ROOM XXX XXXX XXXX XXXXXOTHER: XXX XXXX XXXX XXXXX

OTHER: XXX XXXX XXXX XXXXX

MULTI-PURPOSE RM XXX XXXX 4,200 1.0 4,200 XXXX 4,200 XXXXX

STAGE/PLATFORM XXX XXXX 1,100 1.0 1,100 XXXX 1,100 XXXXXLOCKER ROOM, DRYING XXX XXXX XXXX XXXXX & SHOWER RM - BOYS XXX XXXX XXXX XXXXXLOCKER ROOM, DRYING XXX XXXX XXXX XXXXX & SHOWER RM - GIRLSXXX XXXX XXXX XXXXX

NATATORIUM XXX SEE PAGE A19 SEE PAGE A19 XXXXX XXXXXKITCHEN & STORAGE XXX XXXX XXXX XXXXX # OF SERVINGS: 3 XXX XXXX XXXX XXXXXMEALS PREPARED PER XXX XXXX 1,800 1.0 1,800 XXXX 1,800 XXXXX SERVING: 600 XXX XXXX XXXX XXXXX

CAFETERIA XXX XXXX XXXX XXXXX TO SEAT: 275 XXX XXXX 3,750 1.0 3,750 XXXX 3,750 XXXXX

FACULTY DINING ROOM XXX XXXX XXXX XXXXX

FACULTY ROOM XXX XXXX 500 1.0 500 XXXX 500 XXXXX

HEALTH SUITE(NURSE) XXX XXXX 650 1.0 650 XXXX 650 XXXXX

BLDG ADMIN/GUIDANCE XXX XXXX XXXX XXXXX TOTAL STAFF: XXX XXXX 2,000 1.0 2,000 XXXX 2,000 XXXXX







PAGE A12 SUBTOTAL XXX XXXXX XXXXX XXXX XXXXX XXXXX 16,050 XXXX 16,050 XXXXX

PAGE A11 SUBTOTAL XXX XXXXX XXXXX XXXXX XXXXX 29,359 750 29,359 750

BUILDING TOTAL XXX XXXXX XXXXX XXXXX XXXXX 45,409 750 45,409 750



ROOM SCHEDULE ADJUSTMENTSDistrict/CTC: Project Nam e: Grades:



#1 #2 #3 #4 #5 #6 #7 #8 #9 #10 #11 #12

NAME OF SPACE

UNIT FTE CAP

UNITAREASQ FT

NUMBER OF UNITS

TOTALAREASQ FT

TOTALFTE CAP

UNITAREASQ FT

NUMBER OF UNITS

TOTALAREASQ FT

TOTAL FTE CAP

TOTALAREASQ FT

TOTALFTE CAP

ELEMENTARY XXX XXXXX XXXXX XXXXX XXXX XXXXX XXXXX XXXXX XXXX XXXXXX XXXXXX

PROJECT ELEM CAP XXX XXXXX XXXXX XXXXX XXXXX 45,409 750 45,409 750KINDERGARTEN DEDUCT -25 XXXXX XXXXX XXXXX XXXXX XXXXXXX FOR HALF-TIME PRGM XXXXX XXXXX XXXXX XXXXX XXXXXXX

ADJUSTED ELEM CAP XXX XXXXX XXXXX XXXXX XXXXX XXXXX XXXXX 750 XXXXXXX 750

ENR/CAP ADJ FACTOR XXX XXXXX XXXXX XXXXX 0.7284 XXXXX XXXXX XXXXX 0.7284 XXXXXXX 0.7284

JUSTIFIED ELEM XXX XXXXX XXXXX XXXXX XXXXX XXXXX XXXXX 546 XXXXXXX 546

REG PRE-SCHOOL 660+* 25

SP ED PRE-SCHOOL 660+* 25

SP ED 660+ SQ FT 25 850 2.0 1,700 50 1,700 50

SP ED 660+ SQ FT 25

SP ED 660+ SQ FT 25

SP ED 660+ SQ FT 25

SP ED 660+ SQ FT 25

SP ED 660+ SQ FT 25

SP ED 660+ SQ FT 25SP ED RESOURCE ** ROOM > 400 SQ FT (M AX=25)

SP ED RESOURCE XXX XXXX XXXX XXXXXX ROOM > 400 SQ FT XXX XXXX XXXX XXXXXX

SP ED < 401 SQ FT XXX XXXX XXXX XXXXXX

SP ED < 401 SQ FT XXX XXXX XXXX XXXXXXADJUSTED ELEMENTARY XXX XXXXX XXXXX XXXXX XXXXX 47,109 596 47,109 596MIDDLE/SECONDARY XXX XXXXX XXXXX XXXXX XXXX XXXXX XXXXX XXXXX XXXX XXXXXX XXXXXX

PROJECT MS/SEC UTIL XXX XXXXX XXXXX XXXXX XXXXX

ENR/CAP ADJ FACTOR XXX XXXXX XXXXX XXXXX 0.7284 XXXXX XXXXX XXXXX 0.7284 XXXXXX 0.7284

JUSTIFIED MS/SEC XXX XXXXX XXXXX XXXXX XXXXX XXXXX XXXXX XXXXXX

SP ED 660+ SQ FT 25

SP ED 660+ SQ FT 25

SP ED 660+ SQ FT 25

SP ED 660+ SQ FT 25

SP ED 660+ SQ FT 25

SP ED 660+ SQ FT 25

SP ED 660+ SQ FT 25SP ED RESOURCE ** ROOM > 400 SQ FT (M AX=25)

SP ED RESOURCE XXX XXXX XXXX XXXXXX ROOM > 400 SQ FT XXX XXXX XXXX XXXXXX

SP ED < 401 SQ FT XXX XXXX XXXX XXXXXX

SP ED < 401 SQ FT XXX XXXX XXXX XXXXXXADJUSTED MS/SEC XXX XXXXX XXXXX XXXXX XXXXX

* Regular and Special Education Pre-School rooms must meet the requirements addressed in the Part Ainstructions. Verification that the requirements will be met must be submitted with Part A.

** Justified Elementary or Middle/Secondary Capacity (Col. 12) divided by 25. The maximum capacity

that may be reported in column #12 is 25. See Part A instructions for a more detailed explanation.



PROJECT FULL TIME EQUIVALENTSDistrict/CTC: Project Nam e: Grades:



#1 #2 #3 #4 #5 #6 #7 #8 #9 #10 #11 #12

NAME OF SPACE

UNIT FTE CAP

UNITAREASQ FT

NUMBER OF UNITS

TOTALAREASQ FT

TOTALFTECAP

UNITAREASQ FT

NUMBER OF UNITS

TOTALAREASQ FT

TOTALFTECAP

TOTALAREASQ FT

TOTALFTECAP

ADJUSTED ELEMENTARY XXX XXXXX XXXX XXXX XXXX 47,109 596 47,109 596

ADJUSTED MS/SEC XXX XXXXX XXXX XXXXX XXXX

NATATORIUM * XXXXX XXXX XXXX XXXXNATATORIUM LOCKER XXXXX XXXXX XXXXXX

ROOM, DRYING & XXX XXXXX XXXX XXXXX XXXX XXXX XXXXX XXXXXX SHOWER RM - BOYS XXX XXXXX XXXX XXXXX XXXX XXXX XXXXX XXXXXXNATATORIUM LOCKER XXXXX XXXXX XXXXXX

ROOM, DRYING & XXX XXXXX XXXX XXXXX XXXX XXXX XXXXX XXXXXX SHOWER RM - GIRLS XXX XXXXX XXXX XXXXX XXXX XXXX XXXXX XXXXXX

DIST ADMIN OFFICE XXX XXXXX XXXX XXXX XXXX

VOCATIONAL XXX XXXXX XXXX XXXX XXXX

PRJT BUILDING TOTAL XXX XXXXX XXXX XXXXX XXXX XXXX 47,109 XXXXX 47,109 XXXXXX

* REFER TO THE PART A INSTRUCTIONS TO DETERMINE IF CAPACITY SHOULD BE ASSIGNED.




First Floor Plan


PART 5 FINANCIAL INFORMATION

Second Floor Plan


Explanation of Direct Costs The total cost of the New Berwick Elementary School project has been estimated to be $22,492,670 and represents the "Maximum Project Cost". Forms D02 and D03 itemize all these costs. The project costs include the cost of construction (structure), architect's fees,

moveable fixtures and equipment (desks, chairs, computers, etc.), site costs, construction supervision, document printing, miscellaneous professional fees and permits, contingency fund and financing costs. Act 34 places certain limitations on the cost of new buildings and substantial additions. For purposes of Act 34, the "Maximum Building Construction Cost" on this project has been estimated to be $17,249,096. Details of these cost estimates have been set forth on the Department of Education PlanCon forms (specifically Forms D02, D03, D04 and D20) which follow. Act 34 also requires the calculation of an "Aggregate Building Expenditure Standard" based on national composite construction cost indices. In the event, and only in the event, that construction costs exceeded such standard, the School District would be unable to award contracts for the construction of the project without electorate approval at a referendum. (This is not to say, of course, that the School District may not alter the scope of the project based on comments received at the public hearing.) The Aggregate Building Expenditure Standard for this project has been calculated to be $19,137,240 (Form D23) and is to be compared to the Maximum Building Construction Cost of $17,249,096. Therefore, the Act 34 costs of the project are $1,888,144 less than the Act 34 Expenditure Standard.


PROJECT ACCOUNTING BASED ON ESTIMATES (1 of 2)District/CTC: Project Nam e: Project #:

Berwick Area School District New Elementary SchoolROUND FIGURES TO NEAREST DOLLAR

PROJECT COSTS NEW EXISTING TOTAL

A. STRUCTURE COSTS (include site developm ent)1. General (R eport costs for sanitary sewage disposal on line E-1.) 10,706,440 10,706,440

2. Heating and Ventilating 2,861,810 2,861,810

3. Plumbing (R eport costs for sanitary sewage disposal on line E-1.) 1,165,166 1,165,166

4. Electrical 2,334,419 2,334,419

5. Asbestos Abatement (D04, line C-3) X X X X X X

6. Building Purchase Amount X X X X X X7. Other * (Exclude test borings and site survey)

a.

b.

c.

d.

e. PlanCon-D-Add't Costs, Total

A-1 to A-7 - Subtotal 17,067,835 17,067,8358. Construction Insurance

a. Owner Controlled Insurance Program on Structure Costs (Exclude asbestos abatem ent, building purchase and other structure costs not covered by the program )

b. Builder's Risk Insurance (if not included in primes) 16,250 16,250c. Construction Insurance - Total 16,250 16,250

9. TOTAL-Structure Costs (A-1 to A-7-Subtotal plus A-8-c) 17,084,085 17,084,085

B. ARCHITECT'S FEE

1. Architect's/Engineer's Fee on Structure 1,109,409 1,109,409

2. EPA-Certified Project Designer's X X X X X XFee on Asbestos Abatement X X X X X X

3. TOTAL - Architect's Fee 1,109,409 1,109,409

C. MOVABLE FIXTURES AND EQUIPMENT

1. Movable Fixtures and Equipment 1,109,409 1,109,409

2. Architect's Fee

3. TOTAL - Movable Fixtures & Equipment 1,109,409 1,109,409

D. STRUCTURE COSTS, ARCHITECT'S FEE,MOVABLE FIXTURES & EQUIPMENT - 19,302,904 19,302,904TOTAL (A-9 plus B-3 and C-3)

E. SITE COSTS1. Sanitary Sewage Disposal 61,211 61,2112. Sanitary Sewage Disposal Tap-In Fee and/or

Capacity Charges 67,500 67,5003. Owner Controlled Insurance Program/Builder's Risk

Insurance on Sanitary Sewage Disposal4. Architect's/Engineer's Fee for

Sanitary Sewage Disposal 3,458 3,458

5. Site Acquisition Costs X X X X X Xa. Gross Amount Due from Settlement Statement 559,000 X X X X X X 559,000

or Estimated Just Compensation X X X X X X

b. Real Estate Appraisal Fees 4,500 X X X X X X 4,500

c. Other Related Site Acquisition Costs 48,000 X X X X X X 48,000

d. Site Acquisition Costs - Total 611,500 X X X X X X 611,500

6. TOTAL - Site Costs 743,669 743,669F. STRUCTURE COSTS, ARCHITECT'S FEE,

MOVABLE FIXTURES & EQUIPMENT, AND 20,046,573 20,046,573SITE COSTS - TOTAL (D plus E-6)

* Type "No Fee" beside each item for which no design fee is charged.

REVISED JULY 1, 2010 FORM EXPIRES 6-30-12 PLANCON-D02


PROJECT ACCOUNTING BASED ON ESTIMATES (2 of 2)District/CTC: Project Nam e: Project #:

Berwick Area School District New Elementary School

ROUND FIGURES TO NEAREST DOLLAR

PROJECT COSTS (CONT.) TOTAL

G. ADDITIONAL CONSTRUCTION-RELATED COSTS

1. Project Supervision (inc. Asbestos Abatement Project Supervision)

2. Construction Manager Fee and Related Costs 267,3003. Total Demolition of Entire Existing Structures and Related Asbestos Removal

to Prepare Project Site for Construction of New School Building and RelatedAHERA Clearance Air Monitoring and EPA-Certified Project Designer's Feeon Asbestos Abatement (Exclude costs for partial demolition.) 894,112

4. Architectural Printing 35,000

5. Test Borings 12,300

6. Site Survey 25,040

7. Other (attach schedule if needed)a. 420,000

b.PlanCon-D-Add't Costs, Total 265,345

8. Contingency 487,500

9. TOTAL - Additional Construction-Related Costs 2,406,597

H. FINANCING COSTS BOND ISSUE/NOTE BOND ISSUE/NOTE BOND ISSUE/NOTE X X X X X X FOR THIS PROJECT ONLY SERIES OF 2014 SERIES OF SERIES OF X X X X X X

1. Underwriter Fees

2. Legal Fees 24,500 24,500

3. Financial Advisor 15,000 15,000

4. Bond Insurance5. Paying Agent/Trustee

Fees and Expenses

6. Capitalized Interest

7. Printing

8. CUSIP & Rating Fees

9. Other

a.

b.

10. TOTAL-Financing Costs 39,500 39,500

I. TOTAL PROJECT COSTS (F plus G-9 plus H-10) 22,492,670

BOND ISSUE/NOTE BOND ISSUE/NOTE BOND ISSUE/NOTE

REVENUE SOURCES SERIES OF 2014 SERIES OF SERIES OF TOTAL

J. AMOUNT FINANCEDFOR THIS PROJECT ONLY 9,500,000 9,500,000

K. ORIGINAL ISSUE DISCOUNT/PREMIUM FOR THIS PROJECT ONLY

L. INTEREST EARNINGSFOR THIS PROJECT ONLY

M. BUILDING INSURANCE RECEIVED

N. PROCEEDS FROM SALE OF BUILDING OR LAND

O. LOCAL FUNDS - CASH (SEE INSTRUCTIONS) 12,992,670

P. OTHER FUNDS (ATTACH SCHEDULE)Q. TOTAL REVENUE SOURCES 22,492,670



ADDITIONAL PROJECT COSTSDistrict/CTC: Project Nam e: Project #:


D02-A. STRUCTURE COSTS (incl. site dev.) NEW EXISTING TOTAL

TOTAL - STRUCTURE COSTS

* - Type "No Fee" beside each item listed above for which no design fee is charged.

D03 - G. ADDITIONAL CONSTRUCTION-RELATED COSTS TOTAL

Building Permit 110,845

Land Development Review Fee 35,000

Conservation District NPDES Permit Fee 15,500

County Planning Commission Fee 2,500

County Health Department Fee 3,500

Miscellaneous County & Local Fees 5,000

Water ($50k), Utility Charges ($25k), Legal ($10), Advertising ($3k), Miscellaneous ($5k) 93,000

TOTAL - ADDITIONAL CONSTRUCTION-RELATED COSTS 265,345

REVISED JULY 1, 2010 FORM EXPIRES 6-30-12 PLANCON-D-ADD'T COSTS


DETAILED COSTSDistrict/CTC: Project Nam e: Project #:


NEW EXISTING TOTAL

A. SITE DEVELOPMENT COSTS(exclude Sanitary Sewage Disposal)

1. General (include Rough Grading to Receive Building) 1,743,458 1,743,458

2. Heating and Ventilating

3. Plumbing 80,000 80,000

4. Electrical 105,000 105,000

5. Other:

6. Other:

7. A-1 thru A-6 - Subtotal 1,928,458 1,928,458

8. Construction Insurance

a. Owner Controlled Insurance Program on Site Development Costs

b. Builder's Risk Insurance (if not included in primes)

c. Construction Insurance - Subtotal

9. Site Development Costs - Total 1,928,458 1,928,458

B. ARCHITECT'S FEE ON SITE DEVELOPMENT 125,350 125,350

EXISTING

C. ASBESTOS ABATEMENT

1. Asbestos Abatement

2. AHERA Clearance Air Monitoring

3. Asbestos Abatement - Total (D02, line A-5)

D. EPA-CERTIFIED PROJECT DESIGNER'S FEE ON ASBESTOS

ABATEMENT (D02, LINE B-2)

E. ROOF REPLACEMENT/REPAIR

1. Roof Replacement Repair

2. Owner Controlled Insurance Program on Roof Replacement/Repair

3. Builder's Risk Insurance (if not included in primes)

4. Roof Replacement/Repair - Total

F. ARCHITECT'S FEE ON ROOF REPLACEMENT/REPAIR



ACT 34 OF 1973: MAXIMUM BUILDING CONSTRUCTION COSTFOR NEW BUILDING OR SUBSTANTIAL ADDITION ONLY

District/CTC: Project Nam e: Project #:


Act 34 applies only to costs for new construction. The legal requirementsdo not address the costs for alterations to existing structures. For thisreason, costs associated with the existing structure and other related costsshould not be included in the following calculations.

A. STRUCTURE COST, ARCHITECT'S FEE, MOVABLE FIXTURESAND EQUIPMENT (D02, line D-NEW) $ 19,302,904

B. EXCLUDABLE COSTS FOR NEW CONSTRUCTION

1. Site Development Costs (D04, line A-7-NEW) $ 1,928,458

2. Architect's Fees on the aboveexcludable costs $ 125,350

3. Vocational Projects Only - MovableFixtures & Equipment (D02, line C-3-NEW) $

4. Total Excludable Costs (B-1 plus B-2 and B-3) $ 2,053,808

C. ACT 34 MAXIMUM BUILDING CONSTRUCTION COST(A minus B-4) $ 17,249,096

IF THE MAXIMUM BUILDING CONSTRUCTION COST BASED ON BIDS IS EQUALTO OR GREATER THAN THE MAXIMUM BUILDING CONSTRUCTION COST BASED ONESTIMATES PLUS EIGHT PERCENT (LINE D), A SECOND PUBLIC HEARING WILLBE REQUIRED BEFORE ENTERING INTO CONTRACTS AND STARTING CONSTRUCTIONON ANY PLANNED WORK.

D. ACT 34 MAXIMUM BUILDING CONSTRUCTION COSTTIMES 1.08 (C times 1.08) $ 18,629,023


THE BOARD MUST ADOPT THE FIGURE ON LINE C BEFORE SCHEDULING THE FIRST ACT 34 HEARING.

THE FIGURE ON LINE A SHOULD NOT BE ADOPTED BY THE BOARD.

THE FIGURE ON LINE D SHOULD NOT BE ADOPTED BY THE BOARD.


ACT 34 OF 1973: SCHOOL BUILDING CAPACITY (1 of 2)District/CTC: Project Nam e: Project #:

Berwick Area School District New Elementary SchoolACT 34 CAPACITY FRACTION

A. SCHEDULED AREA FOR THE NEW BUILDING OR ADDITION USE AREAS (A19, Project Building Total, column #9) FROM 47,109 sq.ft.

B. SCHEDULED AREA FOR THE TOTAL BUILDING APPROVED (A19, Project Building Total, column #11) PART A 47,109 sq.ft.

C. ACT 34 CAPACITY FRACTION (line A divided by line B) 1.0000(ROUND TO 4 DEC PL)

*** BASED ON SCHEDULED AREA FOR TOTAL BUILDING ***

ELEMENTARY BUILDING

550-659 SQ FT 660-769 SQ FT 770-849 SQ FT 850+ SQ FT TOTALACT 34 NO. OF ACT 34 NO. OF ACT 34 NO. OF ACT 34 NO. OF BLDG

CAP ROOM S TOTAL CAP ROOM S TOTAL CAP ROOM S TOTAL CAP ROOM S TOTAL TOTAL

KINDERGARTEN XXX XXX XXX 32 34 35 6 210 210

REGULAR CLASSROOM XXX XXX XXX 32 34 35 24 840 840

SMALL GROUP/SEMINAR 24 32 34 1 34 XXX XXX XXX 34

LARGE GROUP INSTR XXX XXX XXX XXX XXX XXX XXX XXX XXX 35

COMPUTER ROOM XXX XXX XXX 32 34 35

ART ROOM XXX XXX XXX 32 34 35 1 35 35

MUSIC ROOM ** XXX XXX XXX 32 34 35 1 35 35

REG PRE-SCHOOL XXX XXX XXX 32 34 35

SPEC ED PRE-SCHOOL XXX XXX XXX 32 34 35

SPECIAL ED CLSRM XXX XXX XXX 32 34 35 2 70 70

SPECIAL ED RESOURCE (MAX = 1 RM)24 32 34 35

NATATORIUM XXX XXX XXX XXX XXX XXX XXX XXX XXX 35

D. BUILDING TOTAL 1224

E. PRORATED ELEMENTARY CAPACITY FOR MIDDLE SCHOOL (D22, M minus O)

F. ELEMENTARY CAPACITY (D plus E) 1,224

G. ACT 34 ELEMENTARY CAPACITY (F times C;; rounded to nearest whole number) 1224DISTRICT ADMINISTRATION OFFICES

H. TOTAL NUMBER OF POSITIONS TO BE HOUSED (A16, Number of Positions Listed)

I. ACT 34 DISTRICT ADMINISTRATION OFFICE CAPACITY (H times 1.3;; rounded to nearest whole number)

VOCATIONAL BUILDING

J. TOTAL SCHEDULED AREA (A17, Building Total, column #12) sq.ft.

K. VOCATIONAL CAPACITY (J divided by 100 times 1.44;; rounded to nearest whole number)

L. ACT 34 VOCATIONAL CAPACITY (K times C;; rounded to nearest whole number)

* SEE INSTRUCTIONS FOR ROOMS NOT LISTED HERE.** ONLY INCLUDE MUSIC CLASSROOMS;; DO NOT INCLUDE BAND ROOMS, CHORAL ROOMS OR INSTRUMENTAL ROOMS



ACT 34 OF 1973: AGGREGATE BUILDING EXPENDITURE STANDARDDistrict/CTC: Project Nam e: Project #:


A. GRADES K-61. Act 34 Elementary Capacity (D21, line G) 12242. 2010-2011 Per Pupil Cost Limit $15,6353. Building Expenditure Standard for Grades K-6

(A-1 times A-2) $ 19,137,240

B. GRADES 7-91. Grades 7-9 Capacity

a. Act 34 Secondary Capacity (D22, line R)b. Proration Fraction (building housing

grades 7-9 - 1.00;; grades 7-12 - .50;;grades 8-12 - 0.40;; grades 9-12 - .25;;grades 10-12 - 0.00) (ROUND TO 2 DEC PL)

c. Grades 7-9 Capacity (1-a times 1-b;; rounded to nearest whole number)

2. 2010-2011 Per Pupil Cost Limit $23,4523. Building Expenditure Standard for Grades 7-9

(B-1-c times B-2) $

C. GRADES 10-12 / DAO1. Grades 10-12 Capacity

a. Act 34 Secondary Capacity (D22, line R)b. Proration Fraction (building housing

grades 7-9 - 0.00;; grades 7-12 - .50;;grades 8-12 - 0.60;; grades 9-12 - .75;;grades 10-12 - 1.00) (ROUND TO 2 DEC PL)

c. Grades 10-12 Capacity (1-a times 1-b;; rounded to nearest whole number)

d. Act 34 District Administration OfficeCapacity (D21, line I)

e. Grades 10-12 / DAO Capacity (1-c plus 1-d)2. 2010-2011 Per Pupil Cost Limit $29,0373. Building Expenditure Standard for

Grades 10-12 / DAO (C-1-e times C-2) $

D. VOCATIONAL1. Act 34 Vocational Capacity (D21, line L)2. 2010-2011 Per Pupil Cost Limit $29,0373. Building Expenditure Standard for Vocational

(D-1 times D-2) $

E. AGGREGATE BUILDING EXPENDITURE STANDARD(A-3 plus B-3 plus C-3 plus D-3) $ 19,137,240

F. ACT 34 MAXIMUM BUILDING CONSTRUCTION COST (D20, line C) $ 17,249,096

REFERENDUM (if applicable)

Date Advertised

Date Held


IF THE ACT 34 MAXIMUM BUILDING CONSTRUCTION COST (Line F) EXCEEDS THE AGGREGATE BUILDING EXPENDITURE STANDARD (Line E), THIS PROJECT REQUIRES A REFERENDUM.


Description of Financing Alternatives

We have analyzed four alternative methods of financing the proposed planning, designing, renovating, constructing, furnishing and equipping of the Berwick Area School District New Elementary School Project (the "Project"). We also estimated the direct costs of financing as required by the Department of Education regulations issued November 4, 1978.

Analysis of Alternatives

The four alternatives of financing that we examined are:

1. Cash or a short-term loan. 2. An uninsured General Obligation bond issue. 3. An insured General Obligation bond issue. 4. Bank Loan.

Analysis of the School District's financial statements for recent years, and of the financing projections prepared in connection with this Project, and discussions with the School District's Administration regarding future increases in expenses indicated that a full cash financing is not feasible. The School District does not have the funds necessary to pay cash for its share of the

project out of cash. We then analyzed in detail the three alternatives which would require the School District to incur long-term debt. For each alternative, we estimated a borrowing size and calculated the average annual debt service requirements. We then constructed a repayment schedule assuming the

er 15 years at current interest rates for the insured General Obligation Bonds, uninsured General Obligation Bonds, and General Obligation Note (bank loan). Financing costs for a Capital Market transaction (the insured General Obligation Bonds and uninsured General Obligation Bonds) are higher than a bank loan, which result in a larger borrowing. Typically, the higher

rates received in the Capital Market. We also requested bids from various lenders to provide a fixed rate bank loan. As with the Capital Market transaction we then constructed a repayment schedule assuming the bank loan

rnatives the bank loan offers the School District the advantage of lower overall cost and more favorable refunding provisions. Based on these analyses and past performance, the least costly alternative for financing the Project is a combination of cash from the District and a General Obligation Bank Note.


COMPARISON OF LONG TERM FINANCING METHODS & SOURCES AND USES

Bank Loan Uninsured Bonds Insured BondsEstimated Sources:Proceeds 9,500,000.00 9,650,000.00 9,705,000.00 Premium/(Discount) -‐ (65,472.70) (95,042.90)

9,500,000.00 9,584,527.30 9,609,957.10

Cash Contribution 12,929,293.00 12,861,743.00 12,861,358.00

Total Sources: 22,429,293.00 22,446,270.30 22,471,315.10

Estimated Uses:Project:Construction & Related Costs 21,634,993.00 21,634,993.00 21,634,993.00 Supervision and Contingency 754,800.00 754,800.00 754,800.00

22,389,793.00 22,389,793.00 22,389,793.00

Cost of Issuance:Rating -‐ 10,000.00 10,000.00 Printer -‐ 3,500.00 3,500.00 Solicitor 8,000.00 8,000.00 8,000.00 Financial Advisor 15,000.00 15,000.00 15,000.00 Bond Counsel 16,500.00 16,500.00 16,500.00

39,500.00 53,000.00 53,000.00

Underwriter's Discount:Underwriter's Discount -‐ 67,550.00 67,935.00

Other Estimated Delivery Date Expenses:Bond Insurance -‐ -‐ 26,310.54

Other Uses of Funds:Additional Proceeds -‐ 3,477.30 2,211.56

Total Estimated Uses: 22,429,293.00 22,446,270.30 22,471,315.10

Berwick Area School District2014 Estimated Sources and Uses


GENERAL OBLIGATION NOTE, SERIES OF 2014, 15 YEAR AMORTIZATION

OUTSTANDING DEBT SERVICE REQUIREMENTS

D A T E P R IN C IP A L R A T E IN T ER EST D EB T SER VIC E D EB T SER VIC E

15-Apr-14 - - - - 1-Oct-14 - 124,407.78 124,407.78 - 1-Apr-15 203,632.72 2.84% 134,900.00 338,532.72 462,940.50 1-Oct-15 - 132,008.42 132,008.42 - 1-Apr-16 203,024.32 2.84% 132,008.42 335,032.74 467,041.16 1-Oct-16 - 129,125.47 129,125.47 - 1-Apr-17 161,026.66 2.84% 129,125.47 290,152.13 419,277.60 1-Oct-17 - 126,838.89 126,838.89 - 1-Apr-18 150,594.74 2.84% 126,838.89 277,433.63 404,272.52 1-Oct-18 - 124,700.45 124,700.45 - 1-Apr-19 339,049.81 2.84% 124,700.45 463,750.26 588,450.71 1-Oct-19 - 119,885.94 119,885.94 - 1-Apr-20 342,253.72 2.84% 119,885.94 462,139.66 582,025.60 1-Oct-20 - 115,025.94 115,025.94 - 1-Apr-21 1,079,805.59 2.84% 115,025.94 1,194,831.53 1,309,857.47 1-Oct-21 - 99,692.70 99,692.70 - 1-Apr-22 549,854.57 2.84% 99,692.70 649,547.27 749,239.97 1-Oct-22 - 91,884.76 91,884.76 - 1-Apr-23 343,232.51 2.84% 91,884.76 435,117.27 527,002.03 1-Oct-23 - 87,010.86 87,010.86 - 1-Apr-24 353,393.82 2.84% 87,010.86 440,404.68 527,415.54 1-Oct-24 - 170,336.88 170,336.88 - 1-Apr-25 183,654.06 5.90% 170,336.88 353,990.94 524,327.82 1-Oct-25 - 164,919.09 164,919.09 - 1-Apr-26 942,558.61 5.90% 164,919.09 1,107,477.70 1,272,396.79 1-Oct-26 - 137,113.61 137,113.61 - 1-Apr-27 1,461,388.66 5.90% 137,113.61 1,598,502.27 1,735,615.88 1-Oct-27 - 94,002.64 94,002.64 - 1-Apr-28 1,547,610.59 5.90% 94,002.64 1,641,613.23 1,735,615.87 1-Oct-28 - 48,348.13 48,348.13 - 1-Apr-29 1,638,919.62 5.90% 48,348.13 1,687,267.75 1,735,615.88

9,500,000.00 3,541,095.34 13,041,095.34 13,041,095.34

OPTIONAL REDEMPTION DATE: ANYTIME

PURPOSE OF THE ISSUE:

SECURITY: NONE

BERWICK AREA SCHOOL DISTRICTCOLUMBIA AND LUZERNE COUNTIES, PENNSYLVANIA

CAPITAL PROJECTS

BANK PROPOSAL


UNINSURED GENERAL OBLIGATION BOND, SERIES OF 2014, 15 YEAR AMORTIZATION



15-Apr-14 - - - - 1-Oct-14 - 139,131.63 139,131.63 - 1-Apr-15 185,000.00 2.200% 150,865.63 335,865.63 474,997.26 1-Oct-15 - 148,830.63 148,830.63 - 1-Apr-16 180,000.00 2.200% 148,830.63 328,830.63 477,661.26 1-Oct-16 - 146,850.63 146,850.63 - 1-Apr-17 135,000.00 2.200% 146,850.63 281,850.63 428,701.26 1-Oct-17 - 145,365.63 145,365.63 - 1-Apr-18 125,000.00 2.200% 145,365.63 270,365.63 415,731.26 1-Oct-18 - 143,990.63 143,990.63 - 1-Apr-19 310,000.00 2.200% 143,990.63 453,990.63 597,981.26 1-Oct-19 - 140,580.63 140,580.63 - 1-Apr-20 310,000.00 2.200% 140,580.63 450,580.63 591,161.26 1-Oct-20 - 137,170.63 137,170.63 - 1-Apr-21 1,045,000.00 2.200% 137,170.63 1,182,170.63 1,319,341.26 1-Oct-21 - 125,675.63 125,675.63 - 1-Apr-22 505,000.00 2.450% 125,675.63 630,675.63 756,351.26 1-Oct-22 - 119,489.38 119,489.38 - 1-Apr-23 295,000.00 2.700% 119,489.38 414,489.38 533,978.76 1-Oct-23 - 115,506.88 115,506.88 - 1-Apr-24 305,000.00 2.950% 115,506.88 420,506.88 536,013.76 1-Oct-24 - 111,008.13 111,008.13 - 1-Apr-25 310,000.00 3.200% 111,008.13 421,008.13 532,016.26 1-Oct-25 - 106,048.13 106,048.13 - 1-Apr-26 1,070,000.00 3.325% 106,048.13 1,176,048.13 1,282,096.26 1-Oct-26 - 88,259.38 88,259.38 - 1-Apr-27 1,570,000.00 3.450% 88,259.38 1,658,259.38 1,746,518.76 1-Oct-27 - 61,176.88 61,176.88 - 1-Apr-28 1,625,000.00 3.575% 61,176.88 1,686,176.88 1,747,353.76 1-Oct-28 - 32,130.00 32,130.00 - 1-Apr-29 1,680,000.00 3.825% 32,130.00 1,712,130.00 1,744,260.00

9,650,000.00 3,534,163.64 13,184,163.64 13,184,163.64

OPTIONAL REDEMPTION DATE: 5 YEAR CALL


SECURITY: NONE


CAPITAL PROJECTS

ESTIMATED DEBT SERVICE


INSURED GENERAL OBLIGATION BOND, SERIES OF 2014, 15 YEAR AMORTIZATION



15-Apr-14 - - - - 1-Oct-14 - 135,998.96 135,998.96 - 1-Apr-15 185,000.00 2.000% 147,468.75 332,468.75 468,467.71 1-Oct-15 - 145,618.75 145,618.75 - 1-Apr-16 185,000.00 2.000% 145,618.75 330,618.75 476,237.50 1-Oct-16 - 143,768.75 143,768.75 - 1-Apr-17 140,000.00 2.000% 143,768.75 283,768.75 427,537.50 1-Oct-17 - 142,368.75 142,368.75 - 1-Apr-18 125,000.00 2.000% 142,368.75 267,368.75 409,737.50 1-Oct-18 - 141,118.75 141,118.75 - 1-Apr-19 315,000.00 2.000% 141,118.75 456,118.75 597,237.50 1-Oct-19 - 137,968.75 137,968.75 - 1-Apr-20 315,000.00 2.000% 137,968.75 452,968.75 590,937.50 1-Oct-20 - 134,818.75 134,818.75 - 1-Apr-21 1,050,000.00 2.250% 134,818.75 1,184,818.75 1,319,637.50 1-Oct-21 - 123,006.25 123,006.25 - 1-Apr-22 510,000.00 2.500% 123,006.25 633,006.25 756,012.50 1-Oct-22 - 116,631.25 116,631.25 - 1-Apr-23 300,000.00 2.750% 116,631.25 416,631.25 533,262.50 1-Oct-23 - 112,506.25 112,506.25 - 1-Apr-24 310,000.00 3.000% 112,506.25 422,506.25 535,012.50 1-Oct-24 - 107,856.25 107,856.25 - 1-Apr-25 315,000.00 3.125% 107,856.25 422,856.25 530,712.50 1-Oct-25 - 102,934.38 102,934.38 - 1-Apr-26 1,075,000.00 3.250% 102,934.38 1,177,934.38 1,280,868.76 1-Oct-26 - 85,465.63 85,465.63 - 1-Apr-27 1,575,000.00 3.375% 85,465.63 1,660,465.63 1,745,931.26 1-Oct-27 - 58,887.50 58,887.50 - 1-Apr-28 1,625,000.00 3.500% 58,887.50 1,683,887.50 1,742,775.00 1-Oct-28 - 30,450.00 30,450.00 - 1-Apr-29 1,680,000.00 3.625% 30,450.00 1,710,450.00 1,740,900.00

9,705,000.00 3,450,267.73 13,155,267.73 13,155,267.73

OPTIONAL REDEMPTION DATE: 5 YEAR CALL


SECURITY: BOND INSURANCE


CAPITAL PROJECTS

ESTIMATED DEBT SERVICE


Expected State Reimbursement: Based on 10.97% (17.2 X .6374) of the potential reimbursable construction costs of $19,137,240 the District calculates a potential reimbursement of $2,099,355.

Total Millage Impact Although calculated in Plan Con part D page 18 at 16.5 mills, the total true millage impact for the taxpayers is expected to be zero. The District has committed to financing a large part of this project through previously earmarked construction funds in its reserve. There is no intended or generated need to impact the local tax base created by or resulting from this construction. Debt Service Payment Schedule $9,500,000.00 borrowed at 3.300% 15 Year Fixed Through First Columbia Bank and Trust New Net Debt Payment Schedule 2014 $459,239.00 2015 $463,340.00 2016 $415,576.00 2017 $400,571.00 2018 $584,750.00 2019 $578,345.00 2020 $1,306,156.00 2021 $745,538.00 2022 $523,300.00 2023 $523,714.00 2024 $520,626.00 2025 $1,268,696.00 2026 $1,731,914.00 2027 $1,731,914.00 2028 $1,731,914.00 TOTAL $12,985,593.00


Resolution of the Berwick Area School District Board of School Directors

Documents

NEW BERWICK ELEMENTARY SCHOOL