Regular Meeting of the School Board Eisenhower Community Center Boardroom 5 p.m. Monday, June 25, 2018

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1 Regular Meeting of the School Board Eisenhower Community Center Boardroom 5 p.m. Monday, June 25, 2018 ORDER OF BUSINESS I. CALL TO ORDER II. APPROVAL OF AGENDA III. CONSENT CALENDAR A. Minutes Regular Meeting Conducted on June 19, 2018 B. Minnesota Department of Human Rights and Hopkins Public Schools Collaboration Agreement IV. NEW BUSINESS A. Long-Term Facilities Maintenance 10-Year Plan Update J. Toop/P. Poquette (Board Information, Discussion & Action) Presentation Time: 5 minutes Background: Application for approval of the Long-Term Facilities Maintenance (LTFM) program requires annual approval of a 10-year plan, and approval via a Statement of Assurances that school districts will comply with the law delineating appropriate expenditures. John Toop, along with Patrick Poquette, Supervisor of Buildings & Grounds, will present the 10-year plan that, once approved, will be submitted to the Minnesota Department of Education (MDE) for their approval and subsequent placement on the 18PAY19 (FY19-20) property tax levy. The approval of the 10-year plan is also the beginning of the process for issuance of Phase VII Long-Term Facility Maintenance bonds to be issued in spring Recommendation: That the Board approves the Resolution Approving and Authorizing the Submission of the District's 10-Year Plan to the Minnesota Department of Education. V. ADJOURNMENT Note: The agenda is subject to change until formally approved Excellence. Every School. Every Student. Every Day.

2 Official School Board Minutes Regular Meeting of the School Board June 19, 2018 The regular meeting of the Board of Education of Independent School District 270 was conducted on Tuesday, June 19, 2018, in the Boardroom of the Eisenhower Community Center. The meeting was called to order at 5 p.m. School Board members present: Chair Wendy Donovan, Vice Chair Kris Newcomer, Treasurer Steve Adams, Directors Fartun Ahmed, Jen Bouchard, Dave Larson, and Chris LaTondresse School Board members absent: None Staff members present: Superintendent Rhoda Mhiripiri-Reed and Director of Business Services/Board Clerk John Toop Staff members absent: None Open Agenda: There were no requests to address the Board during the Open Agenda portion of the meeting. Reports: Superintendent: Superintendent Mhiripiri-Reed updated the Board on her recent work-related meetings and activities, many of which correlated with the end of the school year. In closing, she noted that it has been a fantastic school year. Approval of Agenda: Newcomer moved, Adams seconded, to approve the agenda as presented. Carried. Consent Calendar: Newcomer moved, LaTondresse seconded, to approve the Consent Calendar as presented: Approval of Minutes Regular Meeting & Executive Session Conducted on June 5, 2018 Appointment Temporary Appointments Probationary Appointments Classified Reinstatements from Termination of Contract Temporary Reinstatement from Termination of Contract Probationary Resignations Termination School Recycling Grant Agreement with Hennepin County Bids Student Computing Devices (Chromebooks) Ronald B. Davis Agreement with the City of Golden Valley Literacy Grant Carried. Exhibit "A" Excellence. Every School. Every Student. Every Day

3 2 School Board Minutes June 19, 2018 Treasurer s Report: Treasurer Adams highlighted the enrollment report, noting a decline of 18 students since the May seat count, and down 85 students from the October seat count. He explained that as of 5/31/18 the District is 92% into the fiscal year, with 82.12% expended, and reviewed expenses of interest since May 29, Adams moved, LaTondresse seconded, to approved disbursements in the amount of $1,885, for the period of May 29, 2018 through June 12, Carried. Exhibit "B" Board Member Reports: Chair Donovan provided a brief summary surrounding the year-end performance review of Superintendent Rhoda Mhiripiri-Reed conducted in Executive Session on June 5, 2018, including a review of accomplishments. Donovan noted how busy Dr. Mhiripiri-Reed s schedule has been, the number of people she has met, and that the Board is looking forward to next year. Board members will report on recent educational activities/events in which they have participated. Adams moved, Larson seconded, to adjourn the meeting at 5:10 p.m. Carried. John Toop, Clerk Excellence. Every School. Every Student. Every Day

4 Minnesota Department of Human Rights and Hopkins Public Schools Collaboration Agreement The Minnesota Department of Human Rights ( Department ) is the agency of the State of Minnesota responsible for enforcing the Minnesota Human Rights Act. Hopkins Public Schools ( District ) provides public education to school aged children within its district. It is the State of Minnesota s mission to provide a system for lifelong learning, to ensure individual academic achievement, an informed citizenry, and a highly productive work force. This system focuses on the learner, promotes and values diversity, provides participatory decision-making, ensures accountability, models democratic principles, creates and sustains a climate for change, provides personalized learning environments, encourages learners to reach their maximum potential, and integrates and coordinates human services for learners. The public schools of this state shall serve the needs of the students by cooperating with the students' parents and legal guardians to develop the students' intellectual capabilities and lifework skills in a safe and positive environment. Minn. Stat. 120A.03. The Department and the District share mutual goals to ensure: Learning occurs in safe and supportive environments; Every student has an equal opportunity to fully participate in and to succeed in a quality education; and The District applies its student discipline policies and procedures in a non-discriminatory manner. The Department and the District have a strong a commitment to: Work together on behalf of the District s students to ensure their success; and Collaborate and use their best efforts to improve student academic achievement by reducing the disparate suspension and expulsion outcomes for students from racial and ethnic minority communities and students with disabilities. The Department and the District acknowledge that the unnecessary use of exclusionary discipline can have serious, long term, and detrimental effects on student engagement and academic achievement. The Department and the District acknowledge that teachers and students deserve school environments that are safe, supportive and conducive to teaching and learning. The Department and the District recognize that there are many strategies that can be implemented within a school environment and that the District should have the ability to select the specific strategy it feels is best for its school community. The Department and the District recognize that there are several federal and state educational mandates for the District to achieve. The Department and the District recognize that the District should have flexibility in crafting a plan that is best suited for its school community. 1

5 The Department and the District recognize that enhanced alignment of government programs and services seeking to assist low income households and eliminate homelessness may have a positive impact on reducing behaviors that could result in suspension and expulsion. The Department and the District recognize that the Department will affirmatively seek to assist the District in securing resources among private foundations, private businesses and governmental units to support efforts within the District to reduce the need to suspend or expel students. Therefore, the Department and the District, collectively referred to as Parties, agree as follows: 1. The District has developed and submitted to the Department a Strategic Plan (Plan), which is attached as Exhibit A to this Agreement. a. In Exhibit A, the District states that it will develop a transformation plan with students, parents, and the community. The District agrees that it will develop and submit the plan to the Department on or before September 1, b. The District will obtain input from students, parents, and teachers to obtain qualitative data on an annual basis concerning the plan identified in Exhibit A and will provide the Department with information on the District s engagement efforts and how input from stakeholders was utilized. c. The district will analyze the discipline information it collects, including office referral information, in an effort to understand where disparities exist and what practices support maximized student learning. 2. The District will submit a semi-annual report to the Department regarding implementation of its Plan by September 1 and February 1 of each year. The report will address activity for the preceding six-months. 3. At a minimum, the reports will include the following information for each strategy the Plan identified: a. The intended outcomes; b. Specific steps the District took to implement the strategy; c. Metrics the District developed to measure the effectiveness of the strategy; and d. Any changes implemented by the District in light of results in the reporting period. 4. The semi-annual report will also include suspension data broken down by category as provided to the Board. The suspension data will not identify specific students. The semi annual report will include the following de-identified information: 2

6 a. Date the student was suspended, excluded, or expelled; b. The race, ethnicity, national origin, and gender of the student suspended, excluded, or expelled; c. Whether the student is recognized as a student with a disability; d. A brief description of the reason for each suspension, exclusion, or expulsion; e. The length of suspension, exclusion, or expulsion; and f. Dates the student was previously suspended, excluded, or expelled during the academic school year. The District agrees that the Department, upon giving reasonable notice to the District to minimize disruption, may conduct an on site review or request additional information from District to evaluate effective implementation of the Plan, subject to the state and federal data practices laws. The Parties acknowledge that the release of information concerning this matter is governed by the Federal Educational Rights and Privacy Act, 20 U.S.C. 1232g, the Minnesota Human Rights Act, Minn. Stat. 363A et. seq., the Minnesota Government Data Practices Act, Minn. Stat et. seq., and the Official Records Act, Minn. Stat et. seq. The Department agrees that any personally identifiable educational data received from the District will not be re-released unless ordered by a Court of competent jurisdiction. The Department agrees to maintain any educational data received from the District in a secure manner with restricted internal Department access to such educational data. The District acknowledges the Department s right to seek educational data under Minn. Stat. 363A.06, Subd. 1(a)(9) pursuant to a lawfully issued subpoena and the Department acknowledges the Student s or Parent s right to challenge the requested release of educational data. 5. The Department, in collaboration with MDE, School Districts and Charter Schools, will create a Diversion Committee during the school year. The District will designate a representative or representatives to serve on the Diversion Committee. Meetings of the Diversion Committee will be scheduled and hosted by MDHR. 6. The purpose of the Diversion Committee is to develop and create best practices for school boards, superintendents, discipline supervisors, principals, teachers, staff and discipline assessment teams on reducing suspensions and expulsions from racial and ethnic minority communities and students with disabilities. 3

7 7. The Diversion Committee may consider creating subcommittees as necessary to meet its purpose, which could include the following: a. DIRS Create greater clarity for schools on the conduct schools should report to MDE; b. Corrective Action Strategies Best practices for understanding, teaching, evaluating, and monitoring implementation of corrective action strategies; c. Implicit Bias Best practices for understanding, teaching, evaluating, and monitoring implementation of implicit bias education; and d. Engagement Best practices for ensuring student, teacher, and community involvement that leads to qualitative assessment. 8. The Diversion Committee will provide information and recommendations to the Department. Based on the information and recommendations made by the Diversion Committee, the Department will: a. Coordinate external stakeholders to drive toward community based solutions; b. In collaboration with MDE, publish technical guidance on best practices to reduce suspension and expulsion disparities for students from racial and ethnic minority communities and students with disabilities; c. Facilitate conversations with other government units to explore ways to eliminate duplication of services, barriers for families and students, and improve data sharing; d. Facilitate a legislative policy report; e. Provide technical assistance on civic engagement; f. Provide feedback to the District on policies, efforts to reduce suspensions, and data analysis; and g. Use its best efforts to secure resources from private foundations, private businesses, and other governmental units, such as MDE, Minnesota Department of Human Services, Minnesota Department of Health, public housing agencies, and counties. 9. The Parties agree that the Department may make public: (a) the terms of this Collaboration Agreement and (b) the information identified as public data in Minn. Stat. 363A.35. The Parties agree to attempt to work collaboratively on any press releases and responses to media inquiries concerning this Collaboration Agreement. 10. If a Court of competent jurisdiction, for any reason, holds any part of this Collaboration Agreement invalid, unlawful or otherwise unenforceable, such decision shall not affect the validity of any other part of the Collaboration Agreement. 11. The parties have mutually agreed to enter into this Collaboration Agreement to work together on a nation-wide and state-wide issue. This Collaboration Agreement is not an indication or an admission of any liability or wrongdoing by or on behalf of either party. The Department has not made a probable cause discrimination finding against the District and has not found a violation of the Act. 4

8 12. This Collaboration Agreement begins on the date that the parties execute it and then ends with the submission of the report on September 1, 2021 for the academic year. 13. The parties to this Collaboration Agreement acknowledge that they have read and have gained an understanding of the terms of the Collaboration Agreement, that legal counsel has represented them or they had the opportunity to retain legal counsel, and they are voluntarily entering into this Collaboration Agreement. 14. This Collaboration Agreement may be executed in multiple counterparts, which shall be construed together as if one instrument. In addition, any party shall be entitled to rely on an electronic copy of a signature as if it were the original. The parties have caused this Collaboration Agreement to be signed on the dates opposite their signatures. 15. Minnesota law will govern the construction and interpretation of this Collaboration Agreement. No rule of strict construction shall apply against either Party as both Parties equally drafted the Collaboration Agreement. The Parties agree that any action regarding interpretation or adherence to the terms of the Collaboration Agreement shall be filed in Ramsey County district court. 16. If either party believes that the other is in material breach of this Collaboration Agreement, that party will notify the other in writing and will identify the specific provisions of this Collaboration Agreement the party believes has been breached. The party will request a meeting with the other to resolve the outstanding issue. The party shall only initiate judicial proceedings to enforce this Collaboration Agreement if the parties reach an impasse after negotiating in good faith for 30 days. 17. To the extent consistent with State and Federal law, nothing in this Collaboration Agreement prevents the Department from requesting information from the District. Date Wendy Donovan, School Board Chair Hopkins Public Schools Date John Toop, School Board Clerk Hopkins Public Schools Date Kevin Lindsey, Commissioner Minnesota Department of Human Rights 5

9 School Board Executive Summary Facilities Maintenance 10 Year Plan June 25, 2018 Report prepared by: John Toop, Director of Business Services Patrick Poquette, Supv. of Buildings and Grounds Background/Purpose The purpose of this report and presentation is to inform the Board of the update to the District s 10 year Facility Maintenance Plan (required by July 31 st each year) and prepare for the next Phase (Phase VII) of the Long Term Facilities Maintenance (formerly Alternative Facilities) program. Administration, along with Unesco Corp., has developed projects within Phase VII for approval by the Board. Overview The Minnesota Department of Education (MDE) requires each school district that qualifies for the Long Term Facilities Maintenance program to annually submit revised 10 year plans by July 31st when seeking approval for the next phase of the program. Hopkins will eventually be seeking approval and funding for Phase VII of the program, resulting in work, if approved by the Board and MDE, over the summers of 2019 and 2020 in the amount of $20.1 million. Buildings to receive extensive work in Phase VII include Harley Hopkins Family Center, Hopkins High School, and West Junior High School. These three buildings will comprise 70% of the total cost of Phase VII projects over the course of the summers of 2019 and Initial discussion of the annual update of Hopkins Public Schools 10 year plan occurred at the April 17 th meeting, with suggestions for Harley Hopkins that required further research. The Board workshops on May 15 th and June 19 th allowed for more discussion and questions that were asked to be researched and answered on how to proceed with Harley Hopkins. Final approval for submission of the 10 year plan is now requested of the Board. Upon MDE approval of the plan, bonds of approximately $17.1 million will Excellence. Every School. Every Student. 1 of 21 06/25/18

10 2 School Board Executive Summary Long Term Facilities Maintenance Program Phase VII June 25, 2018 be issued in Spring 2019, with the remainder of the funding coming through the Long Term Facilities Maintenance Pay as You Go (PAYGO) levy. The resolution directs and authorizes the Superintendent to submit all required documentation, when the FY 2019 forms become available. Once Board approval is obtained, these forms will be completed and submitted. Primary Issues to Consider The primary issue to consider is whether or not to approve the 10 year plan and authorize administration to submit the 10 year Facilities Plan to MDE to begin the Phase VII process. Supporting Documents Long Term Facilities Maintenance Program Powerpoint Resolution Approving and Authorizing the Submission of the District s 10 Year Plan to the Minnesota Department of Education Preliminary Debt Schedule for Phase VII of $20 million ($17 million bonds) Excellence. Every School. Every Student. 2 of 21 06/25/18

11 Hopkins Public Schools Ten-Year Facilities Plan Fiscal Years of 21 06/25/18

12 Review of Past Phases 4 of 21 06/25/18

13 Review of Past Phases Phase I Phase II Phase III Phase IV Phase V Phase VI School Name Total Projects Alice Smith Elementary $5,818,471 $4,033,179 $471,647 $376,829 $26,452 $564,636 $101,070 $46,519 $8,380 $136,756 $8,633 $8,763 $13,750 $21,857 Bus Garage $1,232,603 $234,636 $386,528 $508,062 $50,119 $0 $0 $0 $0 $7,020 $46,238 District-Wide $7,353,275 $500,000 $747,233 $293,878 $586,839 $275,392 $357,988 $185,167 $66,636 $0 $0 $0 $0 $2,440,252 $1,899,890 Eisenhower Community Center $10,194,105 $499,496 $8,171,678 $1,137,397 $149,638 $41,371 $8,007 $8,127 $8,249 $8,373 $29,619 $132,150 Eisenhower Elementary $9,149,491 $757,534 $133,200 $5,345,144 $572,396 $1,607,247 $123,359 $403,958 $42,172 $24,022 $24,382 $24,748 $25,119 $52,339 $13,872 Gatewood Elementary $8,914,071 $252,963 $24,293 $18,856 $589,730 $7,572,725 $401,593 $7,831 $7,949 $8,068 $8,189 $10,722 $11,151 Glen Lake Elementary $5,075,342 $3,697,926 $728,026 $39,180 $41,761 $356,679 $104,467 $16,080 $8,591 $8,720 $8,851 $8,984 $45,183 $10,892 Harley Hopkins Community Center $645,798 $538,418 $1,310 $1,307 $3,000 $32,779 $26,536 $4,824 $4,896 $4,969 $5,044 $16,106 $6,610 Hopkins Sr. High School $30,188,009 $28,256 $48,603 $1,569,670 $279,569 $245,235 $745,300 $470,321 $727,467 $6,533,686 $698,246 $11,366,610 $1,401,101 $801,911 $5,272,033 Katherine Curren Elementary $6,557,548 $150,000 $1,769 $2,009 $5,494 $37,045 $7,887 $256,690 $6,790 $6,892 $6,995 $6,066,908 $9,069 L.H. Tanglen Elementary $9,790,458 $144,862 $15,297 $7,943 $179,826 $149,099 $8,244 $8,075 $9,243,650 $0 $8,444 $14,186 $10,833 Meadowbrook Elementary $7,669,262 $462,500 $557,567 $394,910 $5,977,090 $190,999 $11,437 $10,041 $10,191 $10,344 $10,499 $15,716 $17,967 North Junior High School $16,128,809 $18,920 $630,968 $1,398,629 $158,977 $12,197,294 $1,227,035 $20,058 $20,359 $370,664 $20,974 $27,535 $37,397 West Junior High School $13,500,271 $60,265 $8,400,749 $3,867,440 $891,247 $92,416 $42,769 $20,950 $21,264 $21,583 $21,907 $30,051 $29,631 Grand Total $ 132,217,513 $ 2,170,173 $ 9,343,422 $ 8,483,928 $ 11,978,907 $ 16,285,552 $ 11,477,250 $ 22,195,039 $ 2,715,864 $ 6,911,155 $ 10,191,330 $ 11,839,611 $ 1,534,392 $ 9,571,299 $ 7,519,592 $19,997,523 $39,741,709 $24,910,903 $17,102,485 $13,374,003 $17,090,891 5 of 21 06/25/18

14 Phase VII 6 of 21 06/25/18

15 Phase VII Depicted by Calendar Year School Name Calendar Year Expenditures Total District-Wide $1,172,225 $1,449,178 $ 2,621,403 Alice Smith $19,974 $220,623 $ 240,597 Bus Garage $6,074 $509,099 $ 515,173 Eisenhower Elem $24,042 $375,503 $ 399,545 Eisenhower CC $122,494 $150,054 $ 272,548 Gatewood $16,028 $264,899 $ 280,927 Glen Lake $84,797 $289,042 $ 373,839 Harley Hopkins $8,095,653 $5,719 $ 8,101,372 High School $1,822,889 $2,242,688 $ 4,065,577 Katherine Curren $7,847 $351,393 $ 359,240 Meadowbrook $197,474 $180,374 $ 377,848 North Jr. High $154,203 $455,599 $ 609,802 Tanglen $9,013 $47,199 $ 56,212 West Jr. High $188,903 $1,634,759 $ 1,823,662 Project Totals $ 11,921,616 $ 8,176,129 $ 20,097,745 Funding Type Calendar Year Expenditures Total Bond $10,600,501 $5,967,758 $ 16,568,259 Pay As You Go $1,321,115 $2,208,371 $ 3,529,486 Totals $ 11,921,616 $ 8,176,129 $ 20,097,745 Depicted by Fiscal Year School Name Fiscal Year Expenditures Total District-Wide $468,890 $1,283,006 $869,507 $ 2,621,403 Alice Smith $7,990 $100,234 $132,374 $ 240,597 Bus Garage $2,430 $207,284 $305,459 $ 515,173 Eisenhower Elem $9,617 $164,626 $225,302 $ 399,545 Eisenhower CC $48,998 $133,518 $90,032 $ 272,548 Gatewood $6,411 $115,576 $158,939 $ 280,927 Glen Lake $33,919 $166,495 $173,425 $ 373,839 Harley Hopkins $3,238,261 $4,859,679 $3,431 $ 8,101,372 High School $729,156 $1,990,809 $1,345,613 $ 4,065,577 Katherine Curren $3,139 $145,265 $210,836 $ 359,240 Meadowbrook $78,990 $190,634 $108,224 $ 377,848 North Jr. High $61,681 $274,761 $273,359 $ 609,802 Tanglen $3,605 $24,287 $28,319 $ 56,212 West Jr. High $75,561 $767,245 $980,855 $ 1,823,662 Project Totals $ 4,768,646 $ 10,423,421 $ 4,905,677 $ 20,097,745 Fiscal Year Expenditures Funding Type Total Bond $4,240,200 $8,747,404 $3,580,655 $ 16,568,259 Pay As You Go $528,446 $1,676,017 $1,325,023 $ 3,529,486 Totals $ 4,768,646 $ 10,423,421 $ 4,905,677 $ 20,097,745 7 of 21 06/25/18

16 10-Year Plan Expenditures Depicted by Fiscal Year 8 of 21 06/25/18

17 10-Year Plan Breakouts by Building Fiscal Year Expenditures School Name Total Phase VI District-Wide $13,114 $468,890 $1,283,006 $1,503,873 $2,422,599 $3,020,445 $1,921,878 $1,716,264 $1,681,032 $1,224,932 $478,299 $270,000 $ 16,004,333 Alice Smith $27,743 $7,990 $100,234 $424,770 $443,874 $80,689 $114,865 $528,906 $786,687 $76,089 $100,237 $0 $ 2,692,084 Bus Garage $1,139,934 $2,430 $207,284 $666,390 $561,760 $69,419 $103,648 $81,004 $23,252 $5,642 $0 $0 $ 2,860,764 Eisenhower Elem $79,290 $9,617 $164,626 $231,177 $312,483 $479,087 $41,979 $16,784 $17,456 $10,721 $0 $0 $ 1,363,221 Eisenhower CC $8,323 $48,998 $133,518 $210,429 $194,161 $297,233 $447,064 $444,654 $611,436 $23,807 $4,134,807 $6,202,211 $ 12,756,640 Gatewood $6,691 $6,411 $115,576 $176,896 $31,845 $26,006 $400,885 $564,913 $14,032 $219,215 $315,896 $0 $ 1,878,366 Glen Lake $6,535 $33,919 $166,495 $178,038 $44,113 $441,566 $583,851 $145,799 $212,635 $1,079,878 $1,607,190 $0 $ 4,500,019 Harley Hopkins $3,966 $3,238,261 $4,859,679 $9,379 $14,572 $11,503 $4,542 $124,776 $1,195,646 $1,512,724 $0 $0 $ 10,975,047 High School $3,163,220 $729,156 $1,990,809 $5,104,996 $7,587,048 $4,570,142 $3,633,985 $2,867,028 $3,984,079 $3,881,644 $2,701,902 $3,072,852 $ 43,286,861 Katherine Curren $5,442 $3,139 $145,265 $214,830 $10,145 $56,067 $79,248 $408,552 $607,577 $634,841 $941,327 $0 $ 3,106,432 Meadowbrook $6,500 $78,990 $190,634 $115,146 $17,581 $344,804 $508,796 $71,012 $97,420 $12,632 $0 $0 $ 1,443,514 North Jr. High $10,780 $61,681 $274,761 $298,500 $54,747 $188,025 $257,206 $34,288 $35,660 $463,696 $662,692 $0 $ 2,342,039 Tanglen $22,438 $3,605 $24,287 $32,907 $11,652 $18,930 $22,821 $76,904 $109,325 $345,566 $505,792 $0 $ 1,174,227 West Jr. High $17,779 $75,561 $767,245 $993,404 $31,872 $157,090 $220,388 $35,852 $37,286 $761,839 $1,108,408 $0 $ 4,206,723 Project Totals $ 4,511,755 $ 4,768,646 $ 10,423,421 $ 10,160,734 $ 11,738,453 $ 9,761,007 $ 8,341,156 $ 7,116,733 $ 9,413,524 $ 10,253,225 $ 12,556,549 $ 9,545,063 $ 108,590,268 Fiscal Year Expenditures Funding Type Total Phase VI Bond $ 3,608,665 $4,240,200 $8,747,404 $8,102,918 $9,976,477 $7,865,701 $6,475,339 $5,562,443 $7,607,007 $8,713,625 $10,862,772 $8,335,934 $ 90,098,485 Pay As You Go $903,091 $528,446 $1,676,017 $2,057,816 $1,761,976 $1,895,306 $1,865,817 $1,554,290 $1,806,517 $1,539,600 $1,693,777 $1,209,128 $ 18,491,783 Totals $ 4,511,755 $ 4,768,646 $ 10,423,421 $ 10,160,734 $ 11,738,453 $ 9,761,007 $ 8,341,156 $ 7,116,733 $ 9,413,524 $ 10,253,225 $ 12,556,549 $ 9,545,063 $ 108,590,268 Some Phase VI (previously approved) Expenditures will fall into FY of 21 06/25/18

18 10-Year Plan Breakouts by Expense Category LTFM Fiscal Year Expenditures Finance LTFM Description Total Code Phase VI 347-A Physical Hazards $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $ A Other Hazardous Materials $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $ A Environmental H&S Mgmt $9,611 $306,998 $719,369 $568,309 $450,000 $450,635 $450,953 $450,000 $450,000 $450,000 $450,000 $270,000 $ 5,025, A Asbestos Removal and Encapsulation $0 $0 $0 $0 $0 $26,009 $39,013 $0 $0 $0 $0 $0 $ 65, A Fire Safety $0 $0 $0 $0 $0 $1,390 $2,084 $0 $0 $0 $0 $0 $ 3, A Indoor Air Quality $0 $11,356 $30,982 $38,671 $26,623 $32,196 $65,360 $25,600 $0 $22,458 $33,687 $0 $ 286, B Asbestos Removal and Encapsulation (>$100K) $81,120 $0 $0 $57,254 $145,426 $151,243 $157,292 $163,584 $170,127 $176,932 $108,667 $0 $ 1,211, B Fire Safety (>$100K) $0 $0 $0 $0 $0 $40,760 $61,140 $82,384 $123,577 $0 $372,193 $558,289 $ 1,238, B Indoor Air Quality (>$100K) $3,328,584 $1,968,750 $2,953,125 $3,883,933 $6,860,799 $2,084,900 $1,962,815 $3,324,925 $5,635,028 $6,540,083 $7,629,503 $7,753,912 $ 53,926, Accessibility $0 $5,474 $8,212 $0 $0 $91,100 $136,650 $0 $0 $12,952 $19,427 $0 $ 273, Building Envelope $224,029 $66,720 $270,071 $254,986 $55,024 $91,360 $27,019 $276,630 $383,934 $284,330 $605,950 $269,181 $ 2,809, Building Hardware and Equip $25,012 $235,589 $1,126,680 $1,253,711 $258,054 $542,319 $654,793 $691,549 $914,088 $502,968 $572,209 $111,658 $ 6,888, Electrical $59,218 $198,195 $392,026 $323,881 $350,081 $474,024 $620,594 $212,660 $221,166 $200,311 $96,714 $0 $ 3,148, Interior Surfaces $50,621 $618,208 $1,786,475 $1,509,811 $711,004 $1,304,191 $1,497,843 $977,809 $722,909 $1,057,532 $1,647,090 $582,023 $ 12,465, Mechanical Systems $172,060 $104,000 $531,782 $563,673 $0 $0 $0 $0 $0 $0 $0 $0 $ 1,371, Plumbing $85,598 $392,013 $660,044 $134,803 $198,925 $524,699 $443,007 $68,986 $73,772 $210,597 $315,896 $0 $ 3,108, Professional Services and Salary $0 $0 $0 $111,888 $280,919 $287,244 $295,586 $305,961 $323,112 $198,446 $0 $0 $ 1,803, Roof Systems $439,400 $551,967 $1,400,137 $1,231,028 $2,179,126 $3,418,370 $1,499,323 $42,600 $44,304 $56,943 $44,599 $0 $ 10,907, Site Projects $36,504 $309,376 $544,520 $228,787 $222,472 $240,568 $427,683 $494,044 $351,508 $539,673 $660,614 $0 $ 4,055,749 Project Totals $ 4,511,755 $ 4,768,646 $ 10,423,421 $ 10,160,734 $ 11,738,453 $ 9,761,007 $ 8,341,156 $ 7,116,733 $ 9,413,524 $ 10,253,225 $ 12,556,549 $ 9,545,063 $ 108,590,268 Fiscal Year Expenditures Funding Type Total Phase VI Bond $ 3,608,665 $4,240,200 $8,747,404 $8,102,918 $9,976,477 $7,865,701 $6,475,339 $5,562,443 $7,607,007 $8,713,625 $10,862,772 $8,335,934 $ 90,098,485 Pay As You Go $903,091 $528,446 $1,676,017 $2,057,816 $1,761,976 $1,895,306 $1,865,817 $1,554,290 $1,806,517 $1,539,600 $1,693,777 $1,209,128 $ 18,491,783 Totals $ 4,511,755 $ 4,768,646 $ 10,423,421 $ 10,160,734 $ 11,738,453 $ 9,761,007 $ 8,341,156 $ 7,116,733 $ 9,413,524 $ 10,253,225 $ 12,556,549 $ 9,545,063 $ 108,590,268 Some Phase VI (previously approved) Expenditures will fall into FY of 21 06/25/18

19 10-Year Plan Expenditures Depicted by Calendar Year 11 of 21 06/25/18

20 10-Year LTFM Plan Expenditures Depicted by Calendar Year (included for reference) " School Name Calendar Year Expenditures Total District-Wide $1,172,225 $1,449,178 $1,585,916 $3,677,622 $2,034,680 $1,752,675 $1,661,646 $1,710,111 $497,165 $450,000 $ 15,991,218 Alice Smith $19,974 $220,623 $730,991 $13,199 $181,925 $14,276 $1,300,851 $15,441 $167,061 $0 $ 2,664,341 Bus Garage $6,074 $509,099 $902,327 $50,911 $97,181 $113,349 $32,485 $9,404 $0 $0 $ 1,720,829 Eisenhower Elem $24,042 $375,503 $14,687 $759,178 $58,952 $16,520 $17,181 $17,868 $0 $0 $ 1,283,931 Eisenhower CC $122,494 $150,054 $300,991 $33,916 $692,207 $79,351 $992,608 $39,678 $0 $10,337,018 $ 12,748,316 Gatewood $16,028 $264,899 $44,891 $12,278 $46,599 $932,314 $13,811 $14,364 $526,493 $0 $ 1,871,675 Glen Lake $84,797 $289,042 $11,532 $92,986 $964,436 $12,972 $345,039 $14,029 $2,678,651 $0 $ 4,493,484 Harley Hopkins $8,095,653 $5,719 $14,869 $14,125 $7,569 $0 $311,939 $2,521,207 $0 $0 $ 10,971,081 High School $1,822,889 $2,242,688 $9,398,458 $4,869,934 $4,120,454 $2,904,282 $2,811,146 $5,743,479 $1,088,891 $5,121,420 $ 40,123,641 Katherine Curren $7,847 $351,393 $9,986 $10,385 $124,591 $11,233 $1,004,529 $12,149 $1,568,878 $0 $ 3,100,991 Meadowbrook $197,474 $180,374 $17,304 $17,996 $835,016 $19,465 $148,332 $21,053 $0 $0 $ 1,437,014 North Jr. High $154,203 $455,599 $62,852 $42,591 $406,178 $33,748 $35,099 $36,502 $1,104,487 $0 $ 2,331,258 Tanglen $9,013 $47,199 $11,468 $11,927 $29,434 $12,901 $172,907 $13,953 $842,986 $0 $ 1,151,788 West Jr. High $188,903 $1,634,759 $31,371 $32,625 $343,788 $35,287 $36,699 $38,167 $1,847,346 $0 $ 4,188,944 Project Totals $ 11,921,616 $ 8,176,129 $ 13,137,641 $ 9,639,672 $ 9,943,011 $ 5,938,374 $ 8,884,271 $ 10,207,405 $ 10,321,956 $ 15,908,438 $ 104,078,512 Funding Type Calendar Year Expenditures Total Bond $10,600,501 $5,967,758 $11,305,659 $7,982,705 $7,690,195 $4,653,054 $6,926,526 $8,627,728 $8,842,471 $13,893,224 $ 86,489,820 Pay As You Go $1,321,115 $2,208,371 $1,831,982 $1,656,967 $2,252,815 $1,285,320 $1,957,745 $1,579,676 $1,479,486 $2,015,214 $ 17,588,692 Totals $ 11,921,616 $ 8,176,129 $ 13,137,641 $ 9,639,672 $ 9,943,011 $ 5,938,374 $ 8,884,271 $ 10,207,405 $ 10,321,956 $ 15,908,438 $ 104,078,512 Phase VII Phase VIII Phase IX Phase X $20,097,745 $22,777,313 $15,881,385 $19,091,675 Phase XI $26,230, of 21 06/25/18

21 10-Year Finance Plan Depicted by Fiscal Year 13 of 21 06/25/18

22 PRELIMINARY INFORMATION - FOR DISCUSSION ONLY Hopkins School District No. 270 Preliminary Financing Plan Future Facilites Maintenance Projects Updated Long Term Financing Plan Five Facilities Maintenance Bond Issues Bond Issue Amount: Average Int. Rate: Dated Date: 1st Issue $17,190, % 5/1/2019 Future Facilities Maintenance Bond Issues 2nd Issue 3rd Issue 4th Issue $17,935,000 $6,385,000 $10,630, % 4.00% 4.00% 5/1/2021 5/1/2023 5/1/2025 5th Issue $13,820, % 5/1/2027 April 11, 2018 Levy Tax Capacity Value 1 Building AF/FM OPEB Est. Debt Net Tax Lease Capital General Fund Addl. Debt Debt Total Debt Service Levies - Existing Bonds 2 Other Levies Facilities Maintenance Funding Combined Totals Pay. Fiscal Tax Year Year ($000s) Bonds Bonds Bonds Excess 3 Levy Rate Levy 4 Project Levy 5 Revenue Principal Interest Excess 3 Levy Levy Rate , % 4,872,480 6,205,776 4,635,141 (472,070) 15,241, ,048,573 9,056, , ,135, , % 6,243,680 6,637,129 4,065,676 (445,222) 16,501, ,669,879 9,900,656 1,272, ,344, , % 6,694,262 6,733,913 4,090,784 (788,353) 16,730, ,307,588 10,378,153 1,808, , ,224, , % 6,680,685 10,538,719 - (774,873) 16,444, ,307,588 10,689,497 1,660, , ,980 30,824, , % 6,381,215 11,103,409 - (786,808) 16,697, ,307,588 10,903,287 1,838,453-1,225,650 6 (32,489) 689,491 31,436, , % 1,902,482 15,265,661 - (772,566) 16,395, ,307,588 11,121,353 1,801,007-1,405,000 (31,027) 1,444,223 32,069, , % 1,508,469 13,120,039 - (658,283) 13,970, ,307,588 11,343,780 4,361,156-1,596,550 6 (64,990) 1,410,260 32,393, , % 1,520,282 12,604,069 - (635,596) 13,488, ,307,588 11,457,218 4,786,733-1,660,400 (63,462) 1,679,958 32,720, , % 1,521,909 12,974,719 - (652,348) 13,844, ,307,588 11,571,790 4,653,524-1,979,300 6 (75,598) 1,667,822 33,045, , % 1,549,157 12,911,351 - (650,723) 13,809, ,307,588 11,687,508 4,458,225-2,085,600 (75,052) 2,114,828 33,377, , % 1,529,207 12,843,941 - (646,792) 13,726, ,307,588 11,804,383 4,006,549-2,500,200 6 (95,167) 2,530,043 33,374, , % 1,545,219 12,330,833 - (624,422) 13,251, ,307,588 11,804,383 4,350,063-2,638,400 (113,852) 2,656,468 33,370, , % 3,627,107 6,951,893 - (476,055) 10,102, ,307,588 11,804,383 6,400,000 1,050,000 2,638,400 (119,541) 3,753,279 33,368, , % 3,874,001 6,712,703 - (476,402) 10,110, ,307,588 11,804,383 6,400,000 1,135,000 2,596,400 (168,898) 3,749,072 33,371, , % 5,928,694 3,455,393 - (422,284) 8,961, ,307,588 11,804,383 6,400,000 2,275,000 2,551,000 (168,708) 4,898,592 33,372, , % 5,681, (255,667) 5,425, ,307,588 11,804,383 6,400,000 5,780,000 2,460,000 (220,437) 8,431,563 33,369, , % 5,694, (256,234) 5,437, ,307,588 11,804,383 6,400,000 6,150,000 2,228,800 (379,420) 8,418,320 33,368, , % ,307,588 11,804,383 6,400,000 6,280,000 1,982,800 (378,824) 8,297,116 27,809, , % ,307,588 11,804,383 6,400,000 6,525,000 1,731,600 (373,370) 8,296,060 27,808, , % ,307,588 11,804,383 6,400,000 6,790,000 1,470,600 (373,323) 8,300,307 27,812, , % ,307,588 11,804,383 6,400,000 7,060,000 1,199,000 (373,514) 8,298,436 27,810, , % ,307,588 11,804,383 6,400,000 7,340, ,600 (373,430) 8,296,000 27,807, , % ,307,588 11,804,383 6,400,000 7,635, ,000 (373,320) 8,297,580 27,809, , % ,307,588 11,804,383 6,400,000 7,940, ,600 (373,391) 8,297,089 27,809, , % ,307,588 11,804,383 6,400, ,511, , % ,307,588 11,804,383 6,400, ,511, , % ,307,588 11,804,383 6,400, ,511, , % ,307,588 11,804,383 6,400, ,511, , % ,307,588 11,804,383 6,400, ,511, , % ,307,588 11,804,383 6,400, ,511, , % ,307,588 11,804,383 6,400, ,511, , % ,307,588 11,804,383 6,400, ,511, , % ,307,588 11,804,383 6,400, ,511, Totals 66,754, ,389,545 12,791,601 (9,794,699) 220,140,893 44,253, ,610, ,186,623 65,960,000 37,010,200 (4,227,813) 102,248, ,440,286 1 Tax capacity estimates are final values for taxes payable in 2017 and 2018, with estimated percentage changes for later years as shown above. 2 Initial debt service levies are set at 105 percent of the principal and interest payments during the next fiscal year. 3 The debt excess adjustmentf for taxes payable in 2017 and 2018 the actual amounts. Estimates for future years are based on 4.5% of the prior years' total debt service levy. 4 Lease levy estimates include the impact of prepaying the Tanglen and Meadowbrook leases with proceeds of the 2018 building bonds, and assume that levies for all other leases will continue at the same amounts as in Capital Project Levy estimates assume hat the levy would then be renewed at the same tax rate when it expires. 6 For the each of the Facilities Maintenance bond issues, interest payments due during the first year would be paid from bond proceeds or funds on hand in the debt service fund. 14 of 21 06/25/18 DebtPlan18b

23 PRELIMINARY INFORMATION - FOR DISCUSSION ONLY Hopkins School District No. 270 Estimated Tax Rates for Capital and Debt Service Levies Updated Long Term Financing Plan Five Facilities Maintenance Bond Issues Date Prepared: April 11, Cap. Project Levy E Lease Levy Existing Debt Estimated Tax Rate Facilities Maint. Funding 5 - Year Taxes are Payable 15 of 21 06/25/18 DebtPlan18b

24 PRELIMINARY INFORMATION - FOR DISCUSSION ONLY Hopkins School District No. 270 Financing Plan for Facilities Maintenance Projects Updated Long Term Financing Plan Five Facilities Maintenance Bond Issues April 11, 2018 Levy Alt. Facilities Funding Sources Pay Year Fiscal Year Costs from Plan Net Costs Bonds Levy ,642,462 8,642,462 7,853, , ,082,336 9,082,336 7,810,000 1,272, ,423,421 10,423,421 8,615,000 1,808, ,160,734 10,160,734 8,500,000 1,660, ,738,453 11,738,453 9,900,000 1,838, ,761,007 9,761,007 7,960,000 1,801, ,341,156 8,341,156 3,980,000 4,361, ,116,733 7,116,733 2,330,000 4,786, ,413,524 9,413,524 4,760,000 4,653, ,253,225 10,253,225 5,795,000 4,458, ,556,549 12,556,549 8,550,000 4,006, ,545,063 9,545,063 5,195,000 4,350, ,400,000 6,400, ,400, ,400,000 6,400, ,400, ,400,000 6,400, ,400, ,400,000 6,400, ,400, ,400,000 6,400, ,400, ,400,000 6,400, ,400, ,400,000 6,400, ,400, ,400,000 6,400, ,400, ,400,000 6,400, ,400, ,400,000 6,400, ,400, ,400,000 6,400, ,400, ,400,000 6,400, ,400, ,400,000 6,400, ,400, ,400,000 6,400, ,400, ,400,000 6,400, ,400, ,400,000 6,400, ,400, ,400,000 6,400, ,400, ,400,000 6,400, ,400, ,400,000 6,400, ,400, ,400,000 6,400, ,400, ,400,000 6,400, ,400,000 Totals $251,434,663 $251,434,663 $81,248,040 $170,186,623 Future Bond Issues Bond Amount 1st Bond Issue FY 20, 21 $17,190,000 2nd Bond Issue FY 22, 23 $17,935,000 3rd Bond Issue FY 24, 25 $6,385,000 4th Bond Issue FY 26,27 $10,630,000 5th Bond Issue FY 28,29 $13,820,000 $65,960, of 21 06/25/18 DebtPlan18b

25 Questions? Get in Touch! We d love to hear from you. 17 of 21 06/25/18 Unesco, Inc nd Street White Bear Lake, MN (952) Kevin.McGauley@UnescoCorp.com

26 -- FORM OF RESOLUTION -- Member introduced the following resolution and moved its adoption: RESOLUTION APPROVING THE 10 YEAR FACILITY MANAGEMENT PLAN AND PHASE VII PROJECTS Hopkins School District 270 s Board of Education does hereby certify that the following is a true, complete and correct copy of a resolution adopted at a meeting of Hopkins School District 270, Board of Education, duly and properly called and held on the day of June,2018; that a quorum was present at said meeting; that a majority of those present voted for the resolution; and that said resolution is set forth in the minutes of said meeting. WHEREAS, the Board of Education of Independent School District 270 is interested in receiving approval of the District s 10-Year Plan from the Minnesota Department of Education (MDE), to utilize the Longterm Facilities Maintenance Revenue Program (Minnesota 123B.595) to address its deferred and long-term maintenance needs of its facilities, WHEREAS, the Board of Education of Hopkins School District 270 approves the FY Year Facility Management Plan, which includes Phase VII projects, and authorizes the Superintendent of Schools, on behalf of Hopkins School District 270, to utilize the Long-Term Facilities Maintenance Revenue Program for Phase VII projects with estimated project costs of $20,097,745 plus bond issuance and capitalized interest costs, NOW, THEREFORE, BE IT RESOLVED that the Board of Education of Hopkins School District 270, hereby authorizes the Superintendent of Schools, on behalf of Hopkins Schools District 270, to submit to the Minnesota Department of Education a Long-Term Facility Maintenance Revenue Statement of Assurances, the Revenue and Expenditure Workbooks and any additional information requested by the Minnesota Department of Education to gain approval for the use of the Long-Term Facilities Maintenance Revenue Program for Phase VII of the 10 Year Facility Management Plan with estimated project costs of $20,097,745 plus bond issuance and capitalized interest costs. The motion for the adoption of the foregoing resolution was duly seconded by Member and voted in favor thereof: and the following voted against the same: whereupon said resolution was declared duly passed and adopted. STATE OF MINNESOTA ) )SS COUNTY OF HENNEPIN I, the undersigned, being the fully qualified and acting Secretary/Clerk of Hopkins School District 270, Hopkins, State of Minnesota do hereby certify that I have carefully compared the attached and foregoing extract of minutes of a meeting of the school district held on the day of June, 2018, with the original thereof on file in my office, and the same is a full, true and complete transcript insofar as the same relates to the adoption of a resolution approving the District s 10 Year Plan, Phase VII and the use of the Long-Term Facilities Maintenance Revenue Programto fund Phase VII of the District s Comprehensive Facility Management Plan. WITNESS MY HAND officially as such Secretary/Clerk this day of, Clerk 18 of 21 06/25/18

27 PRELIMINARY INFORMATION - FOR DISCUSSION ONLY Hopkins School District No. 270 Preliminary Financing Plan Future Facilites Maintenance Projects Updated Long Term Financing Plan Five Facilities Maintenance Bond Issues Bond Issue Amount: Average Int. Rate: Dated Date: 1st Issue $17,190, % 5/1/2019 Future Facilities Maintenance Bond Issues 2nd Issue 3rd Issue 4th Issue $17,935,000 $6,385,000 $10,630, % 4.00% 4.00% 5/1/2021 5/1/2023 5/1/2025 5th Issue $13,820, % 5/1/2027 April 11, 2018 Levy Tax Capacity Value 1 Building AF/FM OPEB Est. Debt Net Tax Lease Capital General Fund Addl. Debt Debt Total Debt Service Levies - Existing Bonds 2 Other Levies Facilities Maintenance Funding Combined Totals Pay. Fiscal Tax Year Year ($000s) Bonds Bonds Bonds Excess 3 Levy Rate Levy 4 Project Levy 5 Revenue Principal Interest Excess 3 Levy Levy Rate , % 4,872,480 6,205,776 4,635,141 (472,070) 15,241, ,048,573 9,056, , ,135, , % 6,243,680 6,637,129 4,065,676 (445,222) 16,501, ,669,879 9,900,656 1,272, ,344, , % 6,694,262 6,733,913 4,090,784 (788,353) 16,730, ,307,588 10,378,153 1,808, , ,224, , % 6,680,685 10,538,719 - (774,873) 16,444, ,307,588 10,689,497 1,660, , ,980 30,824, , % 6,381,215 11,103,409 - (786,808) 16,697, ,307,588 10,903,287 1,838,453-1,225,650 6 (32,489) 689,491 31,436, , % 1,902,482 15,265,661 - (772,566) 16,395, ,307,588 11,121,353 1,801,007-1,405,000 (31,027) 1,444,223 32,069, , % 1,508,469 13,120,039 - (658,283) 13,970, ,307,588 11,343,780 4,361,156-1,596,550 6 (64,990) 1,410,260 32,393, , % 1,520,282 12,604,069 - (635,596) 13,488, ,307,588 11,457,218 4,786,733-1,660,400 (63,462) 1,679,958 32,720, , % 1,521,909 12,974,719 - (652,348) 13,844, ,307,588 11,571,790 4,653,524-1,979,300 6 (75,598) 1,667,822 33,045, , % 1,549,157 12,911,351 - (650,723) 13,809, ,307,588 11,687,508 4,458,225-2,085,600 (75,052) 2,114,828 33,377, , % 1,529,207 12,843,941 - (646,792) 13,726, ,307,588 11,804,383 4,006,549-2,500,200 6 (95,167) 2,530,043 33,374, , % 1,545,219 12,330,833 - (624,422) 13,251, ,307,588 11,804,383 4,350,063-2,638,400 (113,852) 2,656,468 33,370, , % 3,627,107 6,951,893 - (476,055) 10,102, ,307,588 11,804,383 6,400,000 1,050,000 2,638,400 (119,541) 3,753,279 33,368, , % 3,874,001 6,712,703 - (476,402) 10,110, ,307,588 11,804,383 6,400,000 1,135,000 2,596,400 (168,898) 3,749,072 33,371, , % 5,928,694 3,455,393 - (422,284) 8,961, ,307,588 11,804,383 6,400,000 2,275,000 2,551,000 (168,708) 4,898,592 33,372, , % 5,681, (255,667) 5,425, ,307,588 11,804,383 6,400,000 5,780,000 2,460,000 (220,437) 8,431,563 33,369, , % 5,694, (256,234) 5,437, ,307,588 11,804,383 6,400,000 6,150,000 2,228,800 (379,420) 8,418,320 33,368, , % ,307,588 11,804,383 6,400,000 6,280,000 1,982,800 (378,824) 8,297,116 27,809, , % ,307,588 11,804,383 6,400,000 6,525,000 1,731,600 (373,370) 8,296,060 27,808, , % ,307,588 11,804,383 6,400,000 6,790,000 1,470,600 (373,323) 8,300,307 27,812, , % ,307,588 11,804,383 6,400,000 7,060,000 1,199,000 (373,514) 8,298,436 27,810, , % ,307,588 11,804,383 6,400,000 7,340, ,600 (373,430) 8,296,000 27,807, , % ,307,588 11,804,383 6,400,000 7,635, ,000 (373,320) 8,297,580 27,809, , % ,307,588 11,804,383 6,400,000 7,940, ,600 (373,391) 8,297,089 27,809, , % ,307,588 11,804,383 6,400, ,511, , % ,307,588 11,804,383 6,400, ,511, , % ,307,588 11,804,383 6,400, ,511, , % ,307,588 11,804,383 6,400, ,511, , % ,307,588 11,804,383 6,400, ,511, , % ,307,588 11,804,383 6,400, ,511, , % ,307,588 11,804,383 6,400, ,511, , % ,307,588 11,804,383 6,400, ,511, , % ,307,588 11,804,383 6,400, ,511, Totals 66,754, ,389,545 12,791,601 (9,794,699) 220,140,893 44,253, ,610, ,186,623 65,960,000 37,010,200 (4,227,813) 102,248, ,440,286 1 Tax capacity estimates are final values for taxes payable in 2017 and 2018, with estimated percentage changes for later years as shown above. 2 Initial debt service levies are set at 105 percent of the principal and interest payments during the next fiscal year. 3 The debt excess adjustmentf for taxes payable in 2017 and 2018 the actual amounts. Estimates for future years are based on 4.5% of the prior years' total debt service levy. 4 Lease levy estimates include the impact of prepaying the Tanglen and Meadowbrook leases with proceeds of the 2018 building bonds, and assume that levies for all other leases will continue at the same amounts as in Capital Project Levy estimates assume hat the levy would then be renewed at the same tax rate when it expires. 6 For the each of the Facilities Maintenance bond issues, interest payments due during the first year would be paid from bond proceeds or funds on hand in the debt service fund. 19 of 21 06/25/18 DebtPlan18b