Bond Project Update September 2017

The Madison {Center for the Arts} Opening May 2018

Madison Meadows Middle School Building Replacement Administration Classrooms Media Center Art & Science Special Education Collaborative Spaces Opening January 2018

Maintenance and Transportation Facility Parking lot renovations 22 Additional parking spaces Replaced gravel maintenance yard with new asphalt Replaced failing asphalt with new (as-needed) New sealcoat and striping entire lot to ensure maximum lifespan.

Rose Lane Elementary School Grading, Drainage and Landscape Improvements Rose Lane has historically had an issue with site flooding (standing water on pedestrian pathways), areas of erosion, and trip hazards. This project has already proven to relieve majority of these conditions.

Madison #1 Middle School Roof Rejuvenation Project Completion date 8/30/2017 Madison #1 roofs are aging; requiring light repairs and new top coating. In late spring of this year, Madison was awarded a Building Renewal grant from the Arizona School Facilities Board to rejuvenate all site roofs in order to maximize life span.

Madison Traditional Academy Energy Management System Upgrade

Bond Expenditure Plan September 5, 2017

Bond Funds Voter Authorization 11/2014 $ 95,000,000 Less: Bond Sale – 02/2015 34,000,000 Bond Sale – 04/2017 35,395,529 Remaining Authorization $ 25,604,471 Funds Available Cash Balance 09/04/17 $ 38,140,057 Encumbrances 22,682,352 Cash Balance $ 15,457,705

Bond Program Projects Estimated Costs through 2019/20 $ 18,000,000 Energy Conservation Solar Buy-Out - Exterior/Interior Lighting - Daylighting Additional Space/Function Madison No. 1 Baseball - Madison Park Football/Track MTA Sports Storage - District Center Parking Garage Madison Camelview PE Room Life Cycle Projects HVAC - Roofing - Flooring - Painting – Exterior/Interior Millwork - Landscape - Restroom Remodel Playground Equipment - Rubberized Surfaces - Artificial Turf Asphalt Sealcoat and Replacement - Drinking Fountains Safety and Security Card Access - Fire Alarm - Fencing Buses Furniture Technology

Bond Funds Remaining Authorization $ 25,604,471 Cash Balance $ 15,457,705 Total Unencumbered Balance $ 41,062,176 Estimated Projects through 19/20 $ 18,000,000 Balance end of 19/20 $ 23,062,176 Future Bond Election Considerations: November 2019 Madison Meadows – Completion of Rebuild $ 15,000,000 Madison Center for the Arts – Complete Project $ 7,000,000 Madison Park Rebuild – Completion of Rebuild $ 30,000,000 Life Cycle Projects - Continuation Madison Rose Lane Rebuild? $ 25,000,000 Madison Preschool Center? Madison District Office Update?

Thank you!