1 plains isd bond information plains isd bond program planning history condition of existing...
TRANSCRIPT
1Plains ISD Bond Information
Plains ISD Bond Program
Planning history Condition of existing facilities Summary of improvements Conceptual plan Schedule Tax information Voting information
9-30-10
2Plains ISD Bond Information
2008 2009 2010J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D
Planning History
Board selects PSC for facility assessment
Community group tours facilities, provides input from facilities questionnaire
PSC presents facility assessment to Board
Board decides to enter master planning, selects committee of 16
Master Planning Committee meets & develops master plan
Master plan submitted & recommendation made to Board
Board declines to call election. Concludes planning with PSC
Board selects HCA to provide master planning
HCA presents revised master plan to Board
Board holds 8 regular & special planning meetings
Board calls November bond election
3Plains ISD Bond Information
Building Condition
High School Auditorium, Gyms, Pool
Jr High-Library Old Gym Elementary & Cafeteria
3 Voc Labs & Band Hall
0%
20%
40%
60%
80%
100%
120%
81%
39%
100%
79% 81%
59%
Replacement Threshold 66%
Facility Condition Index (FCI) = Renovation Cost divided by Replacement Cost
4Plains ISD Bond Information
Two Evaluations Recommend Replacement
High School Auditorium, Gyms, Pool
Jr High-Library
Old Gym Elementary & Cafeteria
3 Voc Labs & Band Hall
0%
20%
40%
60%
80%
100%
120%
81%
39%
100%
79% 81%
59%
Facility Condition Index (FCI) = Renovation Cost divided by Replacement Cost
(Includes additions to support educational program)
Replacement Threshold 66%
Modified Recapitalization Method = Repair Cost divided by Replacement Cost
5Plains ISD Bond Information
Summary of Improvements
Phase 1 Phase 2
Jr. High School
High School
Library
Commons
Administration Space
Elementary
Cafeteria & Kitchen
Vocational Labs
Band Hall
$31 Million Total Estimated Cost
6Plains ISD Bond Information
Conceptual Plan
7Plains ISD Bond Information
Construction Schedule
2011 2012 2013J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D
Phase 1
Design & Drawings
Construction
Phase 2
Design & Drawings
Construction
8Plains ISD Bond Information
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010$0.00
$0.50
$1.00
$1.50
$2.00
Historic Tax RateSchool tax rate per $100 valuation
19th Lowest Tax Rate in the State for 2009-10
9Plains ISD Bond Information
Tax Information
Estimated tax impact (rounded) for various property types within the district.
Pasture/cropland is per 640 acres for average tax value per acre.
Property Monthly Tax Increase Yearly Tax Increase
$45,574 Home (avg) $6 $72
$100,000 Home $18 $216
$150,000 Home $30 $360
Native Pasture $4 $48
Improved Pasture $8 $96
Dry Cropland $24 $288
Irrigated Cropland $80 $960
10Plains ISD Bond Information
$0
$50
$100
$150
$200
$250
$300
$350
$400
$45,574 Average HomeValue
$100,000 Home Value $150,000 Home Value
$72
$216
$360
Ann
ual I
&S
Tax
Inc
reas
e2010 Bond Program -
Projected Annual Interest & Sinking Fund Tax IncreaseFor Various Home Values(A)
__________
11Plains ISD Bond Information
$6
$18
$30
$0
$5
$10
$15
$20
$25
$30
$35
Mon
thly
I&
S T
ax Inc
reas
e
$45,574 Average Home Value $100,000 Home Value $150,000 Home Value
2010 Bond Program -Projected Monthly Interest & Sinking Fund Tax Increase
For Various Home Values(A)
__________(A) Taxes are net of the 20% Optional and State mandated $15,000 Residential Homestead Exemption.
12Plains ISD Bond Information
$48 $96
$288
$960
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
$1,100
Ann
ual I
&S
Tax
Inc
reas
e
Native Pasture (Average taxvalue of $23.02 per acre)
Improved Pasture (Averagetax value of $45.05 per acre)
Dry Cropland (Average taxvalue of $131.53 per acre)
Irrigated Cropland (Averagetax value of $440.08 per acre)
2010 Bond Program -Projected Annual Interest & Sinking Fund Tax Increase
For Types Of Acreage (Based Upon 640 Acres)
__________(A) Source: Yoakum County Appraisal District and District records.
13Plains ISD Bond Information
$4$8
$24
$80
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
Mon
thly
I&
S T
ax Inc
reas
e
Native Pasture (Average taxvalue of $23.02 per acre)
Improved Pasture (Average taxvalue of $45.05 per acre)
Dry Cropland (Average taxvalue of $131.53 per acre)
Irrigated Cropland (Average taxvalue of $440.08 per acre)
2010 Bond Program -Projected Monthly Interest & Sinking Fund Tax Increase
For Types Of Acreage (Based Upon 640 Acres)
__________(A) Source: Yoakum County Appraisal District and District records.
14Plains ISD Bond Information
Other Recent Bond Programs
Andrews
Lubbock
Abernathy Crane Dawson
Denver City Dimmitt Frenship
Lubbock Cooper SeminoleMidland Stanton
15Plains ISD Bond Information
Voting Information
Early Voting Monday, Oct 18 – Friday, Oct 29, 2010 (weekdays)
8 AM to 4 PM at Plains ISD Administration Building
Election Day VotingNovember 2, 2010
7 AM to 7 PM at the Plains Community Building
Residents must be registered by Oct. 4 to vote
ü
Nov 2l
16Plains ISD Bond Information
For additional information:
www.plainsisd.net
Call Plains ISD at 806-456-7401