BOARD OF EDUCATION WORKSHOP

Board Workshop Measure K Bond Program Update November 18, 2014 Long Beach Unified School District BOARD OF EDUCATION WORKSHOP Presentation Summary ...
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Board Workshop Measure K Bond Program Update November 18, 2014

Long Beach Unified School District BOARD OF EDUCATION WORKSHOP

Presentation Summary I. Project Update • • • •

Jordan High School (HS) Major Renovation Browning High School (New HS #2) Newcomb K-8 AB300/New Construction Roosevelt Elementary School (ES) New Construction

II. Measure K Update • • • • •

Bond Issuances Measure K Financial Summary Measure K Issuance & Expenditure Summary Measure K Cash Flow Funding Available

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I. Project Update

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II. Major Projects Update Jordan High School Major Renovation Project Summary: • Existing facilities built in 1930’s and 1940’s with additions built in the 1950’s through 1990’s • 26.89 acre site • Existing 301,663 s.f. of permanent and 31,680 s.f. of portable structures • New and renovated facilities: 395,000 s.f. • 132 classrooms, six (6) Academies • Master Plan capacity: 3,600 students

$ 178,774,861 $ 142,764,430

$ 19,144,169

Project Status: • Construction: Ph. 1A Interim Housing (92% complete) • DSA Agency Review: Ph. 1B Increment 2 and 1C Project Team: • Construction Documents: Ph. 2B Underway • Schematic Design: 5 and 6 Underway • Architect: NTD (Ph. 1, 2B), and PJHM (Ph. • Schematic Design Complete: 2A and 4 2A, 4, 5, 6) • Phase 1B Demolition: Underway • Contractors: Phase 1A: McCarthy Building Companies Upcoming Activities: Phase 1B Demo: Unlimited Environmental • Design Development: 2A : Underway Phase 1B inc.1: Haywood Baker • Design Development 4: Competed Phase 1B inc.2: TBD • Phase 1B Increment 1: Bid Opening September 30, 2014; Start date October 2014 Long Beach Unified School District

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II. Major Projects Update Jordan High School Major Renovation

Jordan HS Education Program • Learning Laboratories • Science Laboratories • Specialized Technical Educational Laboratories • Special Education Classrooms • Visual Arts Classrooms • Teaching Stations • Administration Building • Media Center • Gymnasium • Multi-Purpose Room • Food Services • Common Core Laboratory Long Beach Unified School District

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II. Major Projects Update Jordan High School Major Renovation

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II. Major Projects Update Jordan High School Major Renovation

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Building 850

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I. Major Projects Update Jordan High School Major Renovation

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I. Major Projects Update I. Major Projects Update

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II. Major Projects Update Browning High School (New HS #2) Project Summary:

$178,774,861

• New Browning High School (#2): Located at Hill Street and Redondo Avenue in the Wilson Planning Area • 10.3 acre site • Master Plan capacity: 840 students • Educational programs being considered include: Hospitality, people movement, culinary arts, and tourism • The campus will have learning laboratories, science laboratories, technical educational laboratories, special education classrooms, visual arts classrooms, teaching stations, administration building, media center, gymnasium, multi-purpose room, and food services

$142,764,430

Project Status:

Project Team:

• Off-site plans approved by City of Signal Hill • DSA Approval: June 20, 2014 • CDE Agency and City of Long Beach follow-up review: Underway • Anticipated school opening: September 2016 • Grading and Soil Remediation Construction Phase: Underway

• Architect: NAC Architecture • Construction Management Firm: Balfour Beatty Construction • Contractor Grading: Crew, Inc. • Contractor Construction: TB Pinick Inc.

$19,144,169

Upcoming Activities: • Construction estimated to start: October 2014 • Contract awarded: September 16, 2014

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II. Major Projects Update Browning High School (New HS #2)

Browning HS (New HS #2) Education Program • • • • • • • • • • • •

Learning Laboratories Science Laboratories Technical Educational Laboratories Special Education Classrooms Visual Arts Classrooms Teaching Stations Administration Building Media Center Gymnasium Multi-Purpose Room Food Services Common Core Laboratory Long Beach Unified School District

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II. Major Projects Update Browning High School (New HS #2)

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II. Major Projects Update Browning High School (New HS #2)

Main Entry Of School

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II. Major Projects Update Browning High School (New HS #2)

View Of Central Quad

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II. Major Projects Update Browning High School (New HS #2)

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II. Major Projects Update New Browning High School #2

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II. Major Projects Update Newcomb K-8 AB300/New Construction $ 66,162,839

Project Summary:

$ 53,133,801

• Existing 69,000 s.f. facility in the Millikan Planning Area • Built in 1962 and 1964 • 13.5 acre site • Complete campus replacement • New 155,000 s.f. facility will include 46 classrooms

$ 29,462,324

Project Status: • Funding applications submitted to OPSC : Under review • Target School re-opening: Fall 2015 • Construction: Underway

Project Team: • Architect: WestGroup Designs, Inc. • Construction Management Firm: Balfour Beatty Construction • Contractor Demolition & Abatement: Turner Construction Company • Contractor Main Buildings: Pinner Construction Company

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II. Major Projects Update Newcomb K-8 AB300/New Construction

Newcomb K-8 Education Program • • • • • • • • • • •

Science Laboratories Special Education Classrooms Visual Arts Classrooms Teaching Stations Administration Building Media Center Gymnasium Multi-Purpose Room Food Services Common Core Laboratory Theater

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II. Major Projects Update Newcomb K-8 AB300/New Construction Proposed Site Plan

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II. Major Projects Update Newcomb K-8 AB300/New Construction

Main Entry To Campus

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II. Major Projects Update Newcomb K-8 AB300/New Construction

Kindergarten Class

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II. Major Projects Update Newcomb K-8 AB300/New Construction

Auditorium

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II. Major Projects Update Newcomb K-8 AB300/New Construction

Gymnasium

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II. Major Projects Update Newcomb K-8 AB300/New Construction

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II. Major Projects Update Roosevelt Elementary School New Construction Project Summary: • Existing 64,000 s.f. facility in the Poly Planning area • Built in 1935 with additions in 1945 and 1966 • 3.8 acre site • Facilities Master Plan recommended complete campus replacement • 98,686 s.f. with 45 classrooms • On-site parking structure for staff with roof top playground

Project Status:

$ 58,816,410 $50,967,046 $ 33,316,585

Project Team: • Architect: Ghataode Bannon Architects, LLP • Contractor: Tilden-Coil Constructors, Inc.

• Interim Housing: Entire site moved to Butler • Construction Phase: Notice to Proceed Issued: August 24, 2013 • Target school re-opening: Fall 2015

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II. Major Projects Update Roosevelt Elementary School New Construction

Roosevelt ES Education Program • • • • • • • •

Special Education Classrooms Teaching Stations Administration Building Media Center Multi-Purpose Room Food Services Health Care Center Common Core Laboratory

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II. Major Projects Update Roosevelt Elementary School New Construction

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II. Major Projects Update Roosevelt Elementary School New Construction

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II. Major Projects Update Roosevelt Elementary School New Construction

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II. Measure K Funding Update

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I. Measure K Update Bond Issuances

Measure K ($1.2 Billion)

Series A $260,000,000

Series B $3,020,686 Series B-1 $72,406,000 Series C $50,000,000 Unissued $814,573,314

Series A

Series B

Series B-1

Series C

Unissued

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Measure K Expenditures Funding Sources Fund Code

Description

Budget

State

State

$ 48,508,393

21-K

Measure K Bond Fund $ 1,171,500,819.00

Total Funding Sources

$ 1,199,429,449.00

Expenditures Object Code

Description

Expended

Budget

Committed

A

Site Costs

$ 9,223,698.06

$16,672,229.28

$ 10,417,000.04

B

District and Agency Costs

$ 2,760,080.36

$ 3,795,871.80

$ 2,791,194.35

C

Consultant Costs

$ 50,087,079.37

$ 70,755,072.02

$ 62,716,961.04

E

Construction Costs

$ 202,934,477.99

$ 551,356,855.43

$ 311,259,102.36

F

Construction Support Costs

$ 7,583,915.68

$ 30,667,016.60

$ 13,480,509.92

G

Furniture & Equipment

$ 20,602,080.49

$ 33,988,695.48

$ 21,580,487.22

H

Miscellaneous Project Costs

$ 2,506,077.36

$ 4,597,797.73

$ 3,359,337.70

K

Program Operating Expenses

$ 38,097,324.57

$ 5,821,309.54

$ 5,662,683.05

L

Program Consultants

$ 32,669,943.82

$ 59,317,417.11

$ 53,987,963.79

Total Expenditures

$ 301,124,790.06

$ 1,215,530,846.47

$ 485,255,239.47

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Measure K Expenditures

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I. Measure K Update State Funding Eligibility

Funding Eligibility Dependent on school bond sales from Prop 47 and 55 Funding received to date: Nelson MS (COS) $12,903,722 McBride HS (CTE, Modernization) $15,024,908 Core Switch and UPS Replacement Ph. I (ERATE) $913,896 Roosevelt ES (ORG) $19,665,867 $48,508,393 Total

State Funding Project

Funding

Gym/Auditorium AB300 Projects (SMP)

$11,529,759

Telecommunication and Wireless Ph. II (ERATE)

$7,250,000

Newcomb K-8 (ORG, SMP)

$16,309,751

Total

$27,839,510

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Measure K Cash Flow

Total: $1.2 Billion

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Measure K Commitments High School CAMS HS Technology & Site Improvements Jordan HS Interim Housing, Field Improvements Jordan HS Renovation Phase I, II, V, VI Jordan HS Auditorium AB300 Lakewood HS DSA Certification New HS #2, Browning Site New HS #3, Jordan Freshman Academy New HS #4, Butler Site New HS #5, Hill Site Polytechnic HS DSA Certification & Auditorium AB300 • Renaissance HS for the Arts Renovation • Wilson HS ADA Certification, Improvements, Auditorium AB300 • • • • • • • • • •

Middle School • • • •

Bancroft MS Gym AB300 Hill MS Gym AB300 Hoover MS Gym AB300 Nelson MS Post Occupancy Closeout

Elementary School • Lowell ES ADA Improvements • Newcomb K8 AB300 New Construction • Roosevelt ES New Construction • Willard ES Minor Renovation

District Wide • • • • • • • • •

Access Compliance District Wide ADA Improvements Phase I DSA Certification Fire Alarm, Intercom & Clock Replacement Phase I & II Intercom and Clock Replacement Phase I & II Portable Removal Phase III Program Expenses* Cameras Telecommunications Phase I, II, III

• Wireless Data Communications Phase II

• Washington MS DSA Certification * Includes program management expenses ($66M), escalation ($247M), loss reserve ($23M)

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Board of Education Identified Priorities

Board of Education Measure K Priority Projects Site/Type

Budget (2014 $)

Escalation

Total

AB300 Hamilton MS Gym

$9,339,797

$2,801,939

$12,141,736

Modernization/Renovation Millikan HS

$48,059,730

$14,417,919

$62,477,649

Hamilton MS

$14,184,525

$4,255,357

$18,439,882

Willard ES

$7,051,960

$2,115,588.0

$9,167,548

Avalon K12 Total

$10,269,888 $88,905,900

$3,080,966.4 $26,671,770

$13,350,854 $115,577,670

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Bond Sale Cash Flow 2018: Current Commitments • Measure K balance, showing remaining current commitments • Balance must be allocated within 3 years of issuance • Does not include Board identified priorities

Series D & E: 2015 & 2018 Bond Issuances Measure K Cash Balance Bond Sale Funds Available Estimated Expenditures Remaining Balance

Amount $64,800,000 $540,000,000 $604,800,000 $461,145,194 $143,654,806

Remaining Balance (*2018) (Less Escalation) $131,109,863

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Remaining Funding and Board of Education Priority Projects • Measure K balance, showing remaining current commitments and Board identified priorities • Priority Expenditures: $115,577,670 • Balance must be allocated within 3 years of issuance

Series D & E: 2015 & 2018 Bond Issuances Measure K

Amount

Cash Balance

$64,800,000

Bond Sale

$540,000,000

Funds Available

$604,800,000

Estimated Expenditures

$576,722,864

Remaining Balance

$28,077,136

Remaining Balance (*2018) (Less Escalation)

$25,625,244 Long Beach Unified School District

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2018-2021 Funding Available

PV: $143.6 Million

PV: $28.1 Million Long Beach Unified School District

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Remaining Measure K Funding

• Remaining Measure K, $274.5M, • Will not be accessible until 2026 • Includes escalation of 3%

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Summary

2018 Available Measure K Funds • Measure K Funds Available Without Board Priorities: $131,109,863 • Measure K Funds Available With Board Priorities: $25,625,244

2026 Available Measure K Funds • $196,350,235

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For More Information

This presentation information is available at: www.lbschools.net

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