2015 BOND PROJECTS WEST ADA SCHOOL DISTRICT

BOARD OF TRUSTEES UPDATE

JUNE 28, 2016

VICTORY MIDDLE SCHOOL• Estimated cost - $30 million

• CM – Beniton

• Architect – LCA

• Completion – August 22, 2016

• Status – Punch list of classroom wings this week, expect to begin moving in furniture next week

• Projected cost – $27,327,836

• Prelim Architect Fees - $713,343 (Plant)

• Adjusted 2015 Bond cost - $26,614,493

• Remaining contingency - $728,131

HILLSDALE ELEMENTARY• Estimated cost - $10 million

• CM – Russell

• Architect – Hummel

• Completion – August 22, 2016

• Status – Substantial completion July 30, begin moving furniture into building the first week in August

• Projected cost – $14,705,379

• Remaining contingency - $145,395

MERIDIAN HIGH SCHOOL• Estimated cost - $24 million

• CM – CM Company

• Architect – Hummel

• Estimated completion – October 2017

• Status – Punch list of Phase 3B this week, Phase 5 completed March 2017, Phase 4 demo has begun, Phase 6 demo begins March 2017

• Projected cost - $20,637,382

• Remaining contingency - $1,269,339

STAR MIDDLE SCHOOL• Estimated cost - $30 million

• CM – ESI

• Architect – LCA

• Estimated completion – November 2017

• Projected cost – $29,908,218

• Remaining contingency - $1,000,000

FUTURE HIGH SCHOOL SITE ACQUISITION

• $2,000,000

• West of Ten Mile Road between Chinden and I-84

• 50-55 acres minimum

2015 BOND SUMMARY

• 2015 Bond - $96,000,000

• Projected cost of all projects - $93,879,002

• Interest earned to date on 2015 bond - $435,000

• Unencumbered contingency - $3,142,865

• Unencumbered bond revenue - $5,698,863

• 96,000,000 – 93,879,002 = 2,120,998 + 435,000 + 3,142,865 = $5,698,863