Central Office Site Locations

School Board Meeting September 3, 2013

School Board/Central Office Space Needs Analysis

Square Footage Estimates June 2013

Employee Workspace 13,230

School Board Meeting/ Professional Learning, Conference Rooms, Storage Rooms, Restrooms 13,080

Efficiency Factor (0.30) 7,893

Growth Factor 3,000

Total Square Footage 37,203

Courthouse Commons Site Option 1

Proposed Site

Courthouse Commons Option 1

• Developer built/owned, 45,000 sq. ft. building with landlord/tenant option

• Initial lease: $944,400 annually (2% escalation factor) for 10 years

• 20-year leasehold total cost: $22.9 million • Developer request: cross-easement parking

agreement with City and County extending beyond the life of lease and requiring County to accept existing regional storm water management system

• Developer did not propose build/sale or PPEA option

Courthouse Commons Site Option 2

Courthouse

Courthouse Commons Option 2

• City/County owned • Estimated cost of construction of 37,000 sq. ft.

facility: $8.5 million • 20-year cost: $13.5 million

– Assumes issuance of debt with 5.0% interest rate over 20 years

• Parking could be shared with Courthouse

Discovery Park Option 3

Discovery Park Option 3

• Developer offered lease and build/sale options • Initial lease: $814,000 to $999,000 annually (2%

escalation factor) • 20-year leasehold total cost: $19.8 million to $24.3

million • Build/sale option: $7.6 million to $8.6 million

– Construction and land cost • 20-year build/sale total cost: $12.1 million to $13.7

million • Developer indicated these are “ballpark” estimates

and did not propose PPEA option

James Blair Site

James Blair Site

• Additional analysis suggests site is not large enough to co-locate a middle school and Central Office

• WJCC and VDOE guidelines recommend 30 acres for a middle school

• Survey of architect and engineer vendors resulted in a recommended size of 25 to 35 acres for a middle school – Berkeley: 19.3 acres; Hornsby: 60.4 acres; Toano: 34.4 acres – James Blair: 25 acres

• James Blair Site does not have sufficient acreage to pursue this alternative as a Central Office location

Preferred Option

Courthouse Commons Option 2 • City/County owned site

–No land cost • Shared parking • Central location • Design to suit

Central Office Site Locations

School Board Meeting September 3, 2013