MSBA Feasibility Funding Winthrop Elementary: Support our future Article 10: Winthrop Elementary MSBA Feasibility Funding 00 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

Winthrop Elementary: A Daily Challenge 01 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

Winthrop Elementary: A Daily Challenge 02 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

Winthrop Elementary: A Daily Challenge 03 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

Winthrop Elementary: A Daily Challenge 04 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

Winthrop Elementary: A Daily Challenge 05 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

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Winthrop Elementary: A Daily Challenge 07 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

Winthrop Elementary: A Daily Challenge 08 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

Winthrop Elementary: A Daily Challenge 09 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

Winthrop Elementary: A Daily Challenge 10 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

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Winthrop Elementary: A Daily Challenge 12 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

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MSBA Process Feasibility Study How It Works and Who’s Involved Winthrop Elementary: Support our future MSBA Process Feasibility Study How It Works and Who’s Involved 15 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

Collaboration for Better Schools Winthrop Elementary: MSBA Collaborative Process Collaboration for Better Schools MSBA: Has been working with towns for 10+ years Financial Support Benefit to Town: Less waste, fewer delays and BETTER BUILDING 45% or more of total project costs 16 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

Winthrop Elementary: MSBA Process Complete Complete Complete Complete Complete 17 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

Hire OPM and Design Team Winthrop Elementary: Feasibility Process Steps: Hire OPM and Design Team Educational Program Initial Space Summary Assess existing school/infrastructure Site Assessment Develop / Evaluate Alternatives Schematic Design Benefit: Professionals with School Expertise Establish goals Determine Building Size Determine Scope: Renovate or New Determine where to Build Choose best option cost vs needs Initial Plans for School Who? SBC and MSBA Design Team OPM, Design Team, SBC, MSBA 18 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

Professionals Involved: Staff / Public Involved: Winthrop Elementary: Feasibility Study Team Professionals Involved: OPM: Owners Project Manager Architect Engineering Consultants Educational Consultant What They Do: Oversees and manages project, advocates for town and provides a knowledge base to town Integrate educational program into design Integrate technology and green design features Ensure design accommodates all educational goals Staff / Public Involved: Teachers/Administration SBC - School Building Committee Town Boards Public What They Do: Shape design goals, educational program Oversees process; communicates with all parties; reviews and approves payments. Ensure uniformity in meeting Town goals Provide input for a design that meets everyone’s needs 19 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

Financing and Timeline Winthrop Elementary: Support our future MSBA Process: Financing and Timeline 20 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

Arriving at Study Cost $945,000 $520,000 $627,000 to $933,000 $875,000 Winthrop Elementary: Today’s Financing Arriving at Study Cost $945,000 $520,000 $627,000 to $933,000 $875,000 $70,000 Estimated Total Cost of Ipswich Feasibility Study and Schematic Design Estimated Maximum Maximum Cost to Ipswich using %45 MSBA reimbursement True Cost of recent, similar scope studies, provided by MSBA Public Information True Cost of Woburn Study Isolated as most similar to Ipswich. Involved 2 existing schools Study looked at multiple Building Sites Budgeted Additional Scope Educational System Study Grade Splitting Analysis 21 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

Ipswich = $520,000max / MSBA = $425,000min Winthrop Elementary: Today’s Financing Cost Breakdown Typical Fees - $575,000 $140,000 $160,000 Total - $875,000 Add Fees - $25,000 $45,000 Design Team Fees Architect Engineering Team Specialty Consultants Building Related OPM (Owners Project Manager) Fee Study Scope Unknowns (Hard to budget for all possible discoveries) Environmental, Traffic, Site, Hazardous Materials, Wetlands and Geotechnical studies Educational Consultant - School Model Study Educational Consultant - System Model Study Ipswich = $520,000max / MSBA = $425,000min 22 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

Funding Method BAN - If Article 10 Approved Feasibility Study Bond - Winthrop Elementary: Today’s Financing Funding Method BAN - “Bond Anticipation Note” If Article 10 Approved Feasibility Study Bond - If School Building approved by town If School Building not approved or process halted Feasibility Study Funding - $520,000 Interest Only FY2016, 2017, 2018 $10,400 covered by School System No Levy, no tax increases Total Project Funding - FY2019 Absorbs $520,000 principal Covers Design and Construction Costs Required Dept Exclusion (Ballot Vote) Feasibility Principle Only Max $520,000 10 Yr Term $12 cost per household 23 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

Future Cost to Town Bond Retiring New School Bond Winthrop Elementary: Today’s Financing Future Cost to Town Bond Retiring New School Bond Today’s Levi for Debt Future Levi With School Funding Town Has Multiple Bonds going OFFLINE $175K Library FY2019 $13.2M HS / MS FY2020 $1.4M Townhall FY2021 $4.3M Open Space Multiple Bonds FY2017, 2022, 2027, 2030 Estimated FY2017 School Cost - $43M-$47M Funding Model based on $50M Ipswich @ %55 - $27.5M MSBA @ %45 - $22.5M FY2015 - $0.85 / $1000 Assessed FY2020 - $1.24 / $1000 FY2021 - $1.02 / $1000 FY2022-2030 - $0.90-$0.85 / $1000 FY2030+ - $0.81 / $1000 24 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

Date: Milestone: October 2014 Q1 2015 - Q1 2016 May 2016 Winthrop Elementary: Future Timeline Date: October 2014 Q1 2015 - Q1 2016 May 2016 June 2016 – Q2 2017 Q2 - 2017 - Q2 2019 September 2019 Milestone: Approval of funding: Feasibility study/SD only Feasibility Study / Schematic Design Vote: Full project funding Design Development / Construction Documents Construction Doors Open 25 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

A YES Vote on Article 10 WILL: Winthrop Elementary: OCTOBER 21st TOWN MEETING A YES Vote on Article 10 WILL: Appropriate $945K for Feasibility Study/SD. Ipswich max cost: $520K Confirm Ipswich’s commitment to partner with MSBA Allow Ipswich to proceed with evaluating multiple design options It WILL NOT: Approve funding for a new school Bind the Town to the process; we can withdraw at any time Does not bind Ipswich to one option 26 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of

Contact us with questions or to get involved! Winthrop Elementary: Support our future Vote Yes on Article 10 Visit IpswichSBC.org Contact us with questions or to get involved! 27 Winthrop Elementary MSBA Project: Building Schools We Can Be Proud Of