Port Angeles School District Capital Levy 2020

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. ORT ANGELES l
SCHOOL DISTRICT
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Goals of the Plan
Address Schools with the Most Needs:

• Stevens Middle School

• Franklin Elementary School

• Port Angeles High School

• Hamilton Elementary School

• Roosevelt Elementary School

Determine a Levy & Bond Rate that will Accomplish the Projects within 30 years

Make the Rate as Consistent as Possible

Approach
Levy Funding for the First Project, Bond Funding for Subsequent Projects

Assessed Valuation Looking Forward, More Conservative than the Past 5 Years
• 2020@ 6.75% growth

• 2021 @ 5% growth

• 2022 @ 4% growth
• 2023 @ 3% growth

• 2024 and beyond @ 2% growth

Assumed Construction Cost Escalation: 3.0% per year

Scenario 99: $382M, 4 Sales, Early Accelerated AV Growth Port Angeles School District No. 121
2025 Bond Vote
ZOZS Bond Vote HIGHER Target Rate HIGHER Target Rate
1 2 3 4 S 6 7 8 9 10 11 12 13 14 1S 16 17 18 19 20 21 22 23 24 25 26 27 28
2020 2021 2022 2023 2024 2025 2026 2027 2028 202!1 2030 2031 2032 2033 2034 2035 2036 21)37 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047
Franklfn ES 53 open j debt retired

Hamilton ES 74 open I
Roosevelt ES 88 open I
Stevens MS open U open ! 17 other projects

Port Angeles HS 96 open ! as 34

Total Band Pro~c:ts: 45!1.0 161.0 Tot.ii ProJMt Amount 8S.O Total Project Amount 108.0 Total ProjN:t Amount 10S.O Total Proje(t Amount
Stat,;, Assistance: -77.0 17% Monroe: -6.2 Hamilton: -5.0 Roosevelt: -11.0
Fairview: -3.8
Stevens: ·11.l
Franklin: -7.2
PAHS: -10.7 PAHS -13.0 PAHS -9.0
Total Loi;al {Bond5), 382.0 122.0 Lo,;al Share (Bond) 72.0 l.ocal Sllare (Band) 94.D Loail Share (Bond) 94.D Locat Sha re (8ond)

Target Rate: $2.SO - $2,75/1,000 Target Rate: $2.50 - $2.75/1,000 HIGHER Target; $3.00 • $325/1,000 HIGHER. Target Rate

CONOITIONS 2020 2021 2022 2023 2024 2025 20U 2027 2028 2030 2031 2033 2034 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047
Ein;ellent (95-100) Franklin ES 4 3 2 1 0 -1 -2
Good (85-941 Hamilton ES 12 11 10 9 8 7 6
Fair (62-84} Roosevelt ES 57 56 ss S4 53 S1 S1 ~ ~ ~ 0 % 6 ~ 0 G a ~ ~ ~ 37 36 35 34 33 32 31 30

Poor {30-61) II Stevens MS 31 30 19 2a 21 2G ~s 24 23 22 21 20 19 18 17 16 15 14 13 12 11 10 g 8 7 6 5 4

N@§@® Port Angeles HS 39 38 37 36 35 34 33 32 31 30 29 211 n 26 2s 24 23 22 21 20 t9 1B 17 16 1S 14 13 12

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 Estimate of State Assistance

• K-8 Modernization or Replacement

Eligible Square Footage 159,147
Construction Cost Allocation $232.10
Financial Assistance Percentage 58.83%

Estimate $21,730,636
Estimate w/ 12.5% Soft Costs $24,446,965
 Eligible SF Breakdown for K-8

• Roosevelt 74,439
• Franklin 43,772
• Hamilton 42,889
• Monroe 41,760
• Fairview 25,789 Can be used for Stevens grade
level addition

• Stevens 67,194 Can be used on main building

modernization
 Estimate of State Assistance

• 9-12 Modernization or Replacement

Eligible Square footage 123,671
Construction Cost Allocation $232.10
Financial Assistance Percentage 58.83%

Estimate $16,886,586
Estimate w/ 12.5% Soft Costs $18,997,409
 Stevens Middle School
37,000 SF of New Construction
• 18 New Classrooms

• New Athlet ic Fields

• Expansion of PE and Cafeteria

Space
• New Music Room

• New Restrooms

Existing Structure
• Complete Remodel Down to
Concrete Slab
• Safety and Security
Improvements

109,000 SF for 930 Students

PROPOSED SITE PtAN

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 Middle Schools With 900 to 1,000 Students
• Seattle Site ID 20683 Grades 6-8 986 Students 124,865 SF
• Everett Site ID 21062 Grades 6-8 1,000 Students 120,183 SF
• Evergreen Site ID 20084 Grades 6-8 964 Students 114,600 SF
• Everett Site ID 21064 Grades 6-8 911 Students 110,135 SF
• Port Angeles Site ID 21708 Grades 6-8 930 Students 109,194 SF
• Issaquah Site ID 21124 Grades 6-8 973 Students 108,680 SF
• Evergreen Site ID 20096 Grades 6-8 961 Students 108,054 SF
• Moses Lake Site ID 20506 Grades 6-8 939 Students 107,327 SF
Continued on Next Slide
 Middle Schools With 900 to 1,000 Students
• Mead Site ID 20485 Grades 6-8 917 Student s 105,759 SF
• Mukilteo Site ID 21309 Grades 6-8 939 Students 105,278 SF
• Sunnyside Site ID 20814 Grades 6-8 923 Students 104,790 SF
• Issaquah Site ID 21128 Grades 6-8 946 Students 98,802 SF
• Franklin Pierce Site ID 21568 Grades 6-8 912 Students 92,842 SF
• Auburn Site ID 20924 Grades 6-8 929 Students 91,316 SF
• Tahoma Site ID 21430 Grades 6-8 994 Students 90,062 SF
• Tahoma Site ID 21433 Grades 6-8 969 Students 64,485 SF
Rates
2014 Proposal $3.20 EP&O levy+ $2.19 bond= $5.39 combined

Replace Port Angeles High School (20-year bond)

2018 Proposal $3.01 EP&O levy+ $2.47 capital levy= $5.48 combined

Modernize/Expand Stevens Middle School (6-year capital levy)

Current Proposal $1.50 EP&O levy+ $2.75 capital levy/bond= $4.25 combined

Stevens, Franklin, PAHS, Hamilton, Roosevelt (27 year plan - capital levy & bond)
Benefits
Modernization/Replacement of District Schools with the Most Needs

Provides a Long-Range Funding Plan to Implement over 27 Years

Establishes and Maintains a Nearly Level Tax Rate over the Life of the Plan
Next Steps
September School/Community Input

October Board Review

November Adopt the Resolution