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    The Carrollton-Farmers Branch ISD proposed selling $41.3 million in bonds in 2006 to fund several construction and renovation projects. Previous bond sales in 2004 and 2005 totaled $113 million and funded projects like new elementary schools and renovations. The proposed 2006 bond sale would fund a new elementary school, high school expansion, and renovations and improvements at other schools. The document also shows the district's actual and projected tax rates resulting from the bond program and how they compare to surrounding districts. It recommends authorizing the superintendent to proceed with the $41.3 million bond sale.

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    The Carrollton-Farmers Branch ISD proposed selling $41.3 million in bonds in 2006 to fund several construction and renovation projects. Previous bond sales in 2004 and 2005 totaled $113 million and funded projects like new elementary schools and renovations. The proposed 2006 bond sale would fund a new elementary school, high school expansion, and renovations and improvements at other schools. The document also shows the district's actual and projected tax rates resulting from the bond program and how they compare to surrounding districts. It recommends authorizing the superintendent to proceed with the $41.3 million bond sale.

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    27 views14 pages

    Proposed 2006 Construction Bond Sale

    Uploaded by

    CFBISD
    The Carrollton-Farmers Branch ISD proposed selling $41.3 million in bonds in 2006 to fund several construction and renovation projects. Previous bond sales in 2004 and 2005 totaled $113 million and funded projects like new elementary schools and renovations. The proposed 2006 bond sale would fund a new elementary school, high school expansion, and renovations and improvements at other schools. The document also shows the district's actual and projected tax rates resulting from the bond program and how they compare to surrounding districts. It recommends authorizing the superintendent to proceed with the $41.3 million bond sale.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 14

    Carrollton-Farmers Branch ISD

    Proposed 2006 Construction Bond Sale

    April 2006

    Original Voter Authorization

    $ 300,165,000

    April 2006

    Previous Bond Sales


    2004 - $56.4 Million 2005 - $56.6 Million 2006 - $41.3 Million (Proposed)

    April 2006

    2004 Sale - $54.4 Million


    Pre-K Center NSHS Renovation June R Thompson Elementary Janie Stark Elementary Technology

    April 2006

    Pre-K Center / SFC

    April 2006

    Janie Stark El. Replacement

    April 2006

    June Thompson El. Replacement

    April 2006

    2005 Sale - $56.6 Million


    RL Turner Renovation Blanton Elementary Pre-K Center Technology

    April 2006

    2006 Sale - $41.3 Million (Proposed)


    New Elementary Creekview HS Expansion McWhorter Elementary Expansion Sheffield Primary Expansion Furneaux Elementary Improvements Technology

    April 2006

    2003 BOND PROGRAM Actual and Projected Tax Rates


    0.4000 Projection 0.3500 Actual

    0.3000

    0.2500

    0.2000

    0.1500

    0.1000

    0.0500

    1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

    2007 Estimate based on $41.3 million bond sale with 1.5% growth in values April 2006 10

    COMPARATIVE TAX RATES


    0.60000 0.50000 0.40000 0.30000 0.20000 0.10000 0.00000
    2002-03
    2003-04
    2004-05
    2005-06
    2006-07

    CFB

    Allen

    Carroll

    Coppell

    Irving

    Lew isville

    Mesquite

    McKinney

    Plano

    Richardson

    0.2224
    0.2358
    0.2824
    0.3259
    0.3329

    0.3082
    0.3723
    0.4333
    0.4125

    0.4965
    0.4640
    0.4350
    0.4350

    0.2100
    0.2350
    0.2350
    0.2290

    0.2706
    0.3150
    0.3370
    0.3140

    0.2700
    0.2700
    0.2700
    0.2700

    0.3000
    0.3000
    0.3200
    0.3124

    0.4800
    0.4800
    0.5000
    0.5000

    0.2334
    0.2334
    0.2334
    0.2334

    0.3081
    0.3200
    0.3200
    0.3200

    Assuming approximately $41.3 million bond sale in 2006 With 1.5% value growth
    April 2006 11

    Remaining Major Projects


    Sheffield Int. Country Pl. El. Ranchview HS DeWitt Perry MS Montgomery Pri. Rosemeade El. Blalack MS Farmers Branch El. Good El. Bush MS Polk MS Field MS McCoy El. Technology
    April 2006

    $ 5.1 Million $ 7.7 Million $27.6 Million $ 9.6 Million $ 9.9 Million $ 6.5 Million $ 9.5 Million $ 8.7 Million $ 9.8 Million $ 3.7 Million $ 4.0 Million $ 4.5 Million $ 3.3 Million $17.0 Million
    12

    Recommendation
    Authorize the Superintendent and Administration to Proceed With the Sale of $41.3 Million in General Obligation Bonds For the Purpose of School Construction and the Acquisition of Other Relevant Technology, Furniture and Equipment.

    April 2006

    13

    QUESTIONS ?

    April 2006

    14

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