Littleswn Area School District PUBLIC HEARING on the proposed Additions & Renovations ALLOWAY CREEK ELEMENTARY SCHOOL To be held in the District Administrative Office Board Room Located at 162 Newark Street Littleswn, PA 17340 on Monday, March 21, 2016 At 7:00 PM
Littleswn Area School District TABLE OF CONTENTS Page Number 1. AGENDA 3 2. INTRODUCTION 4 3. PROJECT NEED 5-6 4. SUMMARY OF DISTRICT OWNED BUILDINGS AND LAND (A-09) 7 5. OPTIONS CONSIDERED 8 6. PROJECT DESCRIPTION 9 7. SITE PLAN AND FLOOR PLANS 10-12 8. PROJECT ACCOUNTING BASED ON ESTIMATES 13-14 (PLANCON D-02 and 03) 9. OTHER DETAILED COSTS 15 (PLANCON D-04) 10. ACT 34 MAXIMUM BUILDING CONSTRUCTION COST 16 (PLANCON D-20) 11. ANALYSIS OF FINANCING ALTERNATIVES & BUDGET IMPACT 17-20 12. BOARD RESOLUTION OF MAXIMUM PROJECT COST 21-23 AND BUILDING COSTS 13. ACT 34 HEARING - ADVERTISEMENT 24 2
Littleswn Area School District AGENDA 1. CALL TO ORDER / INTRODUCTION Mrs. Dolores Nester Board President 2. HEARING, DULY CONSTITUTED Mr. Daniel Altland Solicir 3. PURPOSE OF THE MEETING Mr. Chrispher E. Bigger (Need for the project) Superintendent of Schools 4. PROJECT DESCRIPTION Mr. Kevin Kuffa By Crabtree, Rohrbaugh & Associates Senior Project Manager 5. FINANCIAL ANALYSIS Mr. Brad Remig By Public Financial Management Financial Advisor 6. PUBLIC COMMENT Question and Answer Period A. Pre-registered speakers / comments B. Please raise hand, stand, and state name, address C. One question at a time - five minute limitation per speaker 7. ADJOURNMENT 3
Littleswn Area School District INTRODUCTION The Board of School Direcrs of the Littleswn Area School District, Littleswn, Pennsylvania is providing this opportunity inform the public as the School Board s consideration of a project provide limited renovation and construct classroom additions the Alloway Creek Elementary School, located in the Borough of Littleswn, Pennsylvania. The project is in response a district-wide review of physical facility and academic program needs for the elementary school population. This public hearing is being held in accordance with Act 34 of 1973 of the Commonwealth of Pennsylvania. The purpose is have the District Administration, Architect and Financial Advisors present a proposal for the building wide renovation and new construction. The specific purposes for this hearing are as follows: 1. Establish the need for the project by reviewing events leading the Board s consideration of a project provide limited renovation and construct classroom additions the elementary school. 2. Review the various options considered by the Board prior the decision proceed with the current project proposal. 3. Describe the construction elements proposed meet the educational program that serves as the basis for the project under consideration. 4. Present the estimated construction cost, the tal project cost, indirect costs and the financial needs and estimate of the local tax impact of the project. 5. Provide citizens and residents an opportunity offer comments and written testimony concerning the project. Please feel free participate during the comment period at the latter part of the presentation. An official transcript of the hearing is being recorded in order for the Board consider and study your constructive comments, insights and observations. 4
Littleswn Area School District PROJECT NEED The Littleswn Area School District desires undertake a building improvements project at the in order address educational program and physical plant deficiencies existing within the building. It is the goal of the District deliver educational and physical plant improvements for all elementary students and faculty/staff in the building and with an appropriate educational environment. The building was originally constructed in 2003. Since that time, no major alterations or additions have been completed. A recent district wide feasibility study identified educational program and student capacity deficiencies as well as some deficiencies in the building s physical plant. The district wide feasibility study also identified major physical plant deficiencies with Rolling Acres Elementary School forcing the building be vacated and move K-3 students and staff. The educational programmatic deficiencies include repurposing of existing interior space and a need for additional educational space due grades K-3 and staff from Rolling Acres Elementary relocating this building. The existing building is in good condition and currently only 13 years old. The existing building has limited physical plan deficiencies such as: Mechanical systems modify existing systems and add new as required for repurposed space. New systems would be added the building additions. Plumbing systems the existing ilet fixtures and water fountains would remain. The existing lavaries in the group bathrooms need replaced due the existing counterp warping. New ilet rooms will be added the additions as the educational program requires. Electrical systems The existing panelboards, wiring, distribution, emergency lighting, emergency generar, data networking and communications will remain. The new additions will be tied in the existing systems throughout in order maintain the existing systems. Architectural deficiencies were identified including accessibility code issues, interior finishes which are in good condition and approximately 13 years old. The existing food service dry and cold srage capacity is limited for the existing enrollment and would be deficient for additional K-3 grades and staff from the vacated Rolling Acres Elementary School. The above noted educational programmatic and physical plant deficiencies indicate that most of the building s existing conditions are good. Their capabilities and service life are able accommodate the existing grades 4 and 5 educational and operational services required by students, faculty, staff and administration with ever changing curriculums, state and federal mandates well in the future. However, due the vacating of Rolling Acres Elementary School and moving of grades K-3 and staff this building, future educational program goals will increase in difficulty as the operational and available capacity needs increase due the limited size of the building. Building additions and renovation is essential accommodate grades K-5 plus staff. 5
Littleswn Area School District With changing enrollments, new technologies, evolving curriculum and increasing accountability standards, the existing building is not spatially or educationally adequate add grade K-3 students and staff and programs of a 21st century elementary education. 6
Littleswn Area School District 7
Littleswn Area School District OPTIONS CONSIDERED The District analyzed several scenarios that explored the utilization of existing district buildings meet the desired elementary school educational program and provide equal education each student. Option 1 Project 1 Grade K - 5 Close / Vacate K-3 Rolling Acres Elementary School Relocate Grade K-3 4-5 Additions/Limited Renovations (Single Sry Building Additions 1,050 Student Capacity) District Administration Office Remains at Alloway Creek ES Project 2 Grade 6-8 Grade 9-12 Proposed New 600 Student Middle School Moderate Renovations the Littleswn High School Option 2 Project 1 Grade K - 5 Close / Vacate K-3 Rolling Acres Elementary School Relocate Grade K-3 4-5 Additions/Limited Renovations (Two Sry Building Addition 1,100 Student Capacity) District Administration Office Remains at Alloway Creek ES Project 2 Grade 6-8 Grade 9-12 Proposed New 600 Student Middle School Moderate Renovations the Littleswn High School Option Chosen: Option 1 / Project 1: Additions / Limited Renovations Alloway Creek Elementary School 8
Littleswn Area School District Site PROJECT DESCRIPTION Site Size / Condition: 67 Acres, general overall site conditions are good Current Site Usage: Existing elementary school and District Office Topography: Mostly level with adequate drainage. Site is feasible for building additions Site Circulation: Separation of vehicular and bus traffic is adequate Wetlands: There are limited areas of Wetlands onsite. Available Utilities: Electricity, Sewer, Water, Gas Service Site Access: Adequate with easy access / from public roads Proposed Community Use Areas: Play field and play areas Parking Count: Approximately 124 existing spaces; 113 spaces required per municipal zoning; New tal = 140 spaces plus 40 +/- special event parking spaces on hard surface play area. Safety Measures: Existing Separate Bus Drop off / Pick Up Area be Maintained Partial Expansion of Existing Separate Vehicular Drop Off / Pick Up Area Existing Separate Loading and Receiving Area at Rear be Maintained Fencing and Gate along Hard Surface Play Area along Newark Street. Building Proposed Scope of Work: Proposed single sry addition which includes six (6) full day Kindergarten, twelve (12) general classrooms and a new Gymnasium. Minor alterations the existing building include upgrades Library and Kitchen, additional offices and roof membrane re-coating. Total Square Footage: 71,899 existing SF; 41,411 new SF Total 113,310 SF Building Structure: Single Sry Load Bearing Masonry Structure Program Spaces include: General Classrooms Music, Band and Art Classrooms Special Education Classrooms Administration, Nurse, and Guidance Multipurpose Room Satellite Kitchen Kindergarten Classrooms Library Commons Flex Classrooms/LGI Science Flex Classroom All spaces meet PA Department of Education guidelines. This building will be designed under the following code requirements: PA Uniform Construction Code, multiple International Building Codes 9
Littleswn Area School District EXISTING SITE CONDITIONS 10
Littleswn Area School District PROPOSED SITE PLAN 11
Littleswn Area School District PROPOSED FLOOR PLAN 12
Littleswn Area School District PROJECT ACCOUNTING BASED ON ESTIMATES (1 of 2) District/CTC : P rojectn am e: Project#: Littleswn Area Alloway Creek Elementary ROUND FIGURES TO NEAREST DOLLAR PROJECT COSTS NEW EXISTING TOTAL A. STRUCTURE COSTS (include site developm ent) 1. General (R epo rt co sts fo r sanitary sew age dispo salo n line E -1.) 4,835,600 718,000 5,553,600 2. Heating and Ventilating 1,459,500 267,500 1,727,000 3. Plumbing (R epo rt co sts fo r sanitary sew age dispo salo n line E -1.) 479,550 60,000 539,550 4. Electrical 854,850 155,000 1,009,850 5. Asbess Abatement (D04, line C-3) X X X X X X 6. Building Purchase Amount X X X X X X 7. Other * (Exclude test bo rings and site survey) a. b. c. d. e. PlanCon-D-Add't Costs, Total A-1 A-7 - Subtal 7,629,500 1,200,500 8,830,000 8. Construction Insurance a. Owner Controlled Insurance Program on Structure Costs (Exclude asbess abatem ent,building purchase and other structure co sts not covered by the pro gram ) b. Builder's Risk Insurance (if not included in primes) c. Construction Insurance - Total 9. TOTAL-Structure Costs (A-1 A-7-Subtal plus A-8-c) 7,629,500 1,200,500 8,830,000 B. ARCHITECT'S FEE 1. Architect's/Engineer's Fee on Structure 457,770 72,030 529,800 2. EPA-Certified Project Designer's X X X X X X Fee on Asbess Abatement X X X X X X 3. TOTAL - Architect's Fee 457,770 72,030 529,800 C. MOVABLE FIXTURES AND EQUIPMENT 1. Movable Fixtures and Equipment 228,885 36,015 264,900 2. Architect's Fee 3. TOTAL - Movable Fixtures & Equipment 228,885 36,015 264,900 D. STRUCTURE COSTS, ARCHITECT'S FEE, MOVABLE FIXTURES & EQUIPMENT - 8,316,155 1,308,545 9,624,700 TOTAL (A-9 plus B-3 and C-3) E. SITE COSTS 1. Sanitary Sewage Disposal 25,000 25,000 2. Sanitary Sewage Disposal Tap-In Fee and/or Capacity Charges 5,000 5,000 3. Owner Controlled Insurance Program/Builder's Risk Insurance on Sanitary Sewage Disposal 4. Architect's/Engineer's Fee for Sanitary Sewage Disposal 5. Site Acquisition Costs X X X X X X a. Gross Amount Due from Settlement Statement X X X X X X or Estimated Just Compensation X X X X X X b. Real Estate Appraisal Fees X X X X X X c. Other Related Site Acquisition Costs X X X X X X d. Site Acquisition Costs - Total X X X X X X 6. TOTAL - Site Costs 30,000 30,000 F. STRUCTURE COSTS, ARCHITECT'S FEE, MOVABLE FIXTURES & EQUIPMENT, AND 8,346,155 1,308,545 9,654,700 SITE COSTS - TOTAL (D plus E-6) * Type "No Fee" beside each item for which no design fee is charged. REVISED JULY 1, 2010 FORM EXPIRES 6-30-12 PLANCON-D02 13
Littleswn Area School District PROJECT ACCOUNTING BASED ON ESTIMATES (2 of 2) D istrict/c TC : P roject N am e: Project#: Littleswn Area Alloway Creek Elementary PROJECT COSTS (CONT.) G. ADDITIONAL CONSTRUCTION-RELATED COSTS ROUND FIGURES TO NEAREST DOLLAR TOTAL 1. Project Supervision (inc. Asbess Abatement Project Supervision) 75,000 2. Construction Manager Fee and Related Costs 3. Total Demolition of Entire Existing Structures and Related Asbess Removal Prepare Project Site for Construction of New School Building and Related AHERA Clearance Air Moniring and EPA-Certified Project Designer's Fee on Asbess Abatement (Exclude costs for partial demolition.) 4. Architectural Printing 38,000 5. Test Borings 7,500 6. Site Survey 20,000 7. Other (attach schedule if needed) a.civil 47,500 b.plancon-d-add't Costs, Total 585,760 8. Contingency 383,037 9. TOTAL - Additional Construction-Related Costs 1,156,797 H. FINANCING COSTS BOND ISSUE/NOTE BOND ISSUE/NOTE BOND ISSUE/NOTE X X X X X X FOR THIS PROJECT ONLY SERIES OF 2015 SERIES OF SERIES OF X X X X X X 1. Underwriter Fees 85,320 85,320 2. Legal Fees 13,733 13,733 3. Financial Advisor 21,705 21,705 4. Bond Insurance 28,496 28,496 5. Paying Agent/Trustee Fees and Expenses 667 667 6. Capitalized Interest 7. Printing 5,142 5,142 8. CUSIP & Rating Fees 6,367 6,367 9. Other a. b. 10. TOTAL-Financing Costs 161,430 161,430 I. TOTAL PROJECT COSTS (F plus G-9 plus H-10) 10,972,927 BOND ISSUE/NOTE BOND ISSUE/NOTE BOND ISSUE/NOTE REVENUE SOURCES SERIES OF 2015 SERIES OF SERIES OF TOTAL J. AMOUNT FINANCED FOR THIS PROJECT ONLY 10,665,000 10,665,000 K. ORIGINAL ISSUE DISCOUNT/ PREMIUM FOR THIS PROJECT ONLY 294,334 294,334 L. INTEREST EARNINGS FOR THIS PROJECT ONLY 13,593 13,593 M. BUILDING INSURANCE RECEIVED N. PROCEEDS FROM SALE OF BUILDING OR LAND O. LOCAL FUNDS - CASH (SEE INSTRUCTIONS) P. OTHER FUNDS (ATTACH SCHEDULE) Q. TOTAL REVENUE SOURCES 10,972,927 REVISED JULY 1, 2010 FORM EXPIRES 6-30-12 PLANCON-D03 14
Littleswn Area School District DETAILED COSTS D istrict/c TC : P rojectn am e: P roject#: Littleswn Area A. SITE DEVELOPMENT COSTS (exclude Sanitary Sewage Disposal) Alloway Creek Elementary NEW EXISTING TOTAL 1. General (include Rough Grading Receive Building) 650,000 100,000 750,000 2. Heating and Ventilating 3. Plumbing 4. Electrical 5. Other: 6. Other: 7. A-1 thru A-6 - Subtal 650,000 100,000 750,000 8. Construction Insurance a. Owner Controlled Insurance Program on Site Development Costs b. Builder's Risk Insurance (if not included in primes) c. Construction Insurance - Subtal 9. Site Development Costs - Total 650,000 100,000 750,000 B. ARCHITECT'S FEE ON SITE DEVELOPMENT 39,000 6,000 45,000 C. ASBESTOS ABATEMENT 1. Asbess Abatement 2. AHERA Clearance Air Moniring 3. Asbess Abatement - Total (D02, line A-5) EXISTING D. EPA-CERTIFIED PROJECT DESIGNER'S FEE ON ASBESTOS ABATEMENT (D02, LINE B-2) E. ROOF REPLACEMENT/REPAIR 1. Roof Replacement Repair 500,000 2. Owner Controlled Insurance Program on Roof Replacement/Repair 3. Builder's Risk Insurance (if not included in primes) 4. Roof Replacement/Repair - Total 500,000 F. ARCHITECT'S FEE ON ROOF REPLACEMENT/REPAIR 30,000 REVISED JULY 1, 2010 FORM EXPIRES 6-30-12 PLANCON-D04 15
Littleswn Area School District ACT 34 OF 1973: MAXIMUM BUILDING CONSTRUCTION COST FOR NEW BUILDING OR SUBSTANTIAL ADDITION ONLY D istrict/c TC : P rojectn am e: P roject#: Littleswn Area Alloway Creek Elementary Act 34 applies only costs for new construction. The legal requirements do not address the costs for alterations existing structures. For this reason, costs associated with the existing structure and other related costs should not be included in the following calculations. A. STRUCTURE COST, ARCHITECT'S FEE, MOVABLE FIXTURES AND EQUIPMENT (D02, line D-NEW) $ 8,316,155 B. EXCLUDABLE COSTS FOR NEW CONSTRUCTION 1. Site Development Costs (D04, line A-7-NEW) $ 650,000 2. Architect's Fees on the above excludable costs $ 39,000 THE FIGURE ON LINE A SHOULD NOT BE ADOPTED BY THE BOARD. 3. Vocational Projects Only - Movable Fixtures & Equipment (D02, line C-3-NEW) $ 4. Total Excludable Costs (B-1 plus B-2 and B-3) $ 689,000 C. ACT 34 MAXIMUM BUILDING CONSTRUCTION COST (A minus B-4) THE BOARD MUST ADOPT THE FIGURE ON $ 7,627,155 LINE C BEFORE SCHEDULING THE FIRST ACT 34 HEARING. IF THE MAXIMUM BUILDING CONSTRUCTION COST BASED ON BIDS IS EQUAL TO OR GREATER THAN THE MAXIMUM BUILDING CONSTRUCTION COST BASED ON ESTIMATES PLUS EIGHT PERCENT (LINE D), A SECOND PUBLIC HEARING WILL BE REQUIRED BEFORE ENTERING INTO CONTRACTS AND STARTING CONSTRUCTION ON ANY PLANNED WORK. D. ACT 34 MAXIMUM BUILDING CONSTRUCTION COST TIMES 1.08 (C times 1.08) $ 8,237,327 THE FIGURE ON LINE D SHOULD NOT BE ADOPTED BY THE BOARD. REVISED JULY 1, 2010 FORM EXPIRES 6-30-12 PLANCON-D20 16
Littleswn Area School District ANALYSIS OF FINANCING ALTERNATIVES We have analyzed four alternative methods of financing the proposed designing, constructing, furnishing, and equipping of the (the "Project"). We also estimated the direct costs of financing as required by the Department of Education regulations issued November 4, 1978. ANALYSIS OF ALTERNATIVES The four alternatives of financing that we examined are: 1. Cash or a short-term loan. 2. General obligation bond issue. 3. A local authority issue. 4. A financing through the State Public School Building Authority (SPSBA). Analysis of the School District's financial statements for recent years, and of the financing projections prepared in connection with this Project, and discussions with the School District's Administration indicated that financing the entire project with cash is not feasible. The School District does not have the funds necessary pay cash for its share of the Project, nor does it appear that the School District would be able raise the required amounts from its anticipated cash flow meet the proposed construction schedule. We then analyzed in detail the three alternatives which would require the School District incur long-term debt. For each alternative, we estimated a bond issue size and calculated the average annual debt service requirements. We then constructed a repayment schedule assuming equal annual payments over 20 years at current interest rate levels for the General Obligation, Local Authority, and SPSBA Bond Issues. Financing costs for the local authority and SPSBA were slightly higher, which resulted in a larger bond issue and higher average annual payments. Bonds issued through either a local authority or the SPSBA would be classified as revenue bonds instead of general obligation bonds. Interest rates on revenue bonds are slightly higher than interest rates that would be received on general obligation bonds. This would result in higher annual debt service payments for the School District. The General Obligation alternative offers the School District the advantage of lower interest rates, more favorable refunding provisions and keeps more control with the local school board. Based on these analyses and past performance, the least costly alternative for financing the Project is the General Obligation Issue. 17
Littleswn Area School District COMPARISON OF LONG TERM FINANCING METHODS GENERAL LOCAL ITEM OBLIGATION AUTHORITY* SPSBA Construction & Related Costs $10,353,460 $10,353,460 $10,353,460 Contingency & Supervision 458,037 458,037 458,037 Costs of Issuance 132,934 142,500 137,250 Bond Insurance 28,496 35,000 32,000 Total Costs 10,972,927 10,988,997 10,980,747 Less: Interest Earned 13,593 13,997 13,747 Less: Original Issue Discount 294,334 295,000 292,000 BOND ISSUE 10,665,000 10,680,000 10,675,000 Average Annual Payment at 3.85%** for 20 years $765,455 $776,624 $776,261 * A Local Authority would have annual administrative expenses, which have not been included in these calculations. ** Local Authority and SPSBA Annual Payments are calculated assuming 4.00% as a result of higher interest costs associated with selling revenue bonds. The School District is considering other ways reduce the debt service and local effort needed fund the Project. 1. The School District issued the G.O. Bonds, Series of 2015 fully fund the Project as seen on Table 1. 2. The School District used bond insurance improve the credit rating and marketability of the 2015 Bonds. The cost of such insurance increased the size of the Bonds issued but reduced the interest rate the School District must pay on the Bonds, and resulted in lower debt service. 3. The School District utilized a debt restructuring and a wrap around debt service structure minimize the upfront millage impact required for the Project. 18
Littleswn Area School District STATE REIMBURSEMENT The State will reimburse the School District for a portion of the principal and interest which the School District pays each year on the bonds. The amount of the reimbursement is determined by two facrs, the percentage of the Project determined by the Department of Education be reimbursable and the School District's Market Value Aid Ratio ("MVAR"). It is estimated that the Project will be assigned $3,337,358 in reimbursement. Based on a proforma calculation of reimbursement for a bond issue sized for this Project, the reimbursement percentage would be 30.41%. The School District's MVAR percentage is 52.18%. When these two percentages are multiplied, the result is an "effective" reimbursable percentage of 15.87%. Therefore, for each dollar paid by the School District ward principal and interest, the state will reimburse the School District 15.87 cents for the Project. INDIRECT COSTS As a result of the completion of this proposed Project, it is only reasonable assume that there will be additional indirect costs and savings associated with services be provided accomplish long range objectives of the School District. It is reasonable assume that there will be net savings of approximately $11,070. School District officials have estimated the additional annual indirect costs and savings associated with the Project be as follows: Savings on Fuel and Utilities ($13,070) Additional Contracted Maintenance & Repairs 2,000 Total Indirect Savings($11,070) Assuming a collected mill currently provides $1,276,574, the net indirect savings will have a millage decrease of (0.01) mills annually. TOTAL MILLAGE IMPACT The tal millage equivalent of the Project is: $10,665,000 G.O. Bonds on Table 1 = 0.00 mills Less: Net Indirect Savings Total (0.01) mills (0.01) mills 19
Littleswn Area School District LITTLESTOWN AREA SCHOOL DISTRICT SERIES OF 2015 TOTAL ISSUE =$27,975,000 Settled 7/13/2015 TABLE 1 Dated 7/13/2015 1 2 3 4 5 6 7 8 9 10 11 Proposed Proposed Existing Total Semi-Annual Fiscal Year Less: Local Local Local Millage Date Principal Coupon Interest Debt Service Debt Service State Aid Effort Effort Effort Equivalent 42095 10/1/2015 1.000 93,178.85 93,178.85 4/1/2016 215,028.13 215,028.13 308,206.98 (48,906.09) 259,300.89 1,189,672.88 1,448,973.77 0.00 10/1/2016 2.000 215,028.13 215,028.13 4/1/2017 215,028.13 215,028.13 430,056.25 (68,241.06) 361,815.19 1,188,095.63 1,549,910.82 0.00 10/1/2017 3.000 215,028.13 215,028.13 4/1/2018 215,028.13 215,028.13 430,056.25 (68,241.06) 361,815.19 1,189,105.26 1,550,920.45 0.00 10/1/2018 3.000 215,028.13 215,028.13 4/1/2019 215,028.13 215,028.13 430,056.25 (68,241.06) 361,815.19 1,190,640.74 1,552,455.93 10/1/2019 4.000 215,028.13 215,028.13 4/1/2020 215,028.13 215,028.13 430,056.25 (68,241.06) 361,815.19 1,188,137.70 1,549,952.89 10/1/2020 4.000 215,028.13 215,028.13 4/1/2021 215,028.13 215,028.13 430,056.25 (68,241.06) 361,815.19 1,189,736.28 1,551,551.47 10/1/2021 4.000 215,028.13 215,028.13 4/1/2022 215,028.13 215,028.13 430,056.25 (68,241.06) 361,815.19 1,190,156.96 1,551,972.15 10/1/2022 3.000 215,028.13 215,028.13 4/1/2023 215,028.13 215,028.13 430,056.25 (68,241.06) 361,815.19 1,189,105.26 1,550,920.45 10/1/2023 5.000 215,028.13 215,028.13 4/1/2024 215,028.13 215,028.13 430,056.25 (68,241.06) 361,815.19 1,191,292.79 1,553,107.99 10/1/2024 5.000 215,028.13 215,028.13 4/1/2025 215,028.13 215,028.13 430,056.25 (68,241.06) 361,815.19 1,188,242.87 1,550,058.06 10/1/2025 3.250 215,028.13 215,028.13 4/1/2026 215,028.13 215,028.13 430,056.25 (68,241.06) 361,815.19 1,190,956.25 1,552,771.44 10/1/2026 5.000 215,028.13 215,028.13 4/1/2027 215,028.13 215,028.13 430,056.25 (68,241.06) 361,815.19 1,191,776.58 1,553,591.77 10/1/2027 5.000 215,028.13 215,028.13 4/1/2028 215,028.13 215,028.13 430,056.25 (68,241.06) 361,815.19 1,191,250.73 1,553,065.92 10/1/2028 4.000 215,028.13 215,028.13 4/1/2029 215,028.13 215,028.13 430,056.25 (68,241.06) 361,815.19 1,189,315.60 1,551,130.79 10/1/2029 530,000 4.000 215,028.13 745,028.13 4/1/2030 204,428.13 204,428.13 949,456.25 (150,659.13) 798,797.12 782,253.67 1,581,050.79 10/1/2030 950,000 4.000 204,428.13 1,154,428.13 4/1/2031 185,428.13 185,428.13 1,339,856.25 (212,607.56) 1,127,248.69 476,206.25 1,603,454.94 10/1/2031 990,000 4.000 185,428.13 1,175,428.13 4/1/2032 165,628.13 165,628.13 1,341,056.25 (212,797.97) 1,128,258.28 472,406.25 1,600,664.53 10/1/2032 1,035,000 3.875 165,628.13 1,200,628.13 4/1/2033 145,575.00 145,575.00 1,346,203.13 (213,614.68) 1,132,588.45 468,431.25 1,601,019.70 10/1/2033 1,075,000 4.000 145,575.00 1,220,575.00 4/1/2034 124,075.00 124,075.00 1,344,650.00 (213,368.23) 1,131,281.77 468,956.25 1,600,238.02 10/1/2034 1,120,000 4.000 124,075.00 1,244,075.00 4/1/2035 101,675.00 101,675.00 1,345,750.00 (213,542.78) 1,132,207.22 468,656.25 1,600,863.47 10/1/2035 1,165,000 4.000 101,675.00 1,266,675.00 4/1/2036 78,375.00 78,375.00 1,345,050.00 (213,431.70) 1,131,618.30 467,756.25 1,599,374.55 10/1/2036 1,215,000 4.125 78,375.00 1,293,375.00 4/1/2037 53,315.63 53,315.63 1,346,690.63 (213,692.03) 1,132,998.59 470,890.63 1,603,889.22 10/1/2037 1,265,000 4.125 53,315.63 1,318,315.63 4/1/2038 27,225.00 27,225.00 1,345,540.63 (213,509.55) 1,132,031.07 468,050.00 1,600,081.07 10/1/2038 1,320,000 4.125 27,225.00 1,347,225.00 4/1/2039 1,347,225.00 (213,776.83) 1,133,448.17 469,487.50 1,602,935.67 TOTALS 10,665,000 8,285,416.35 18,950,416.35 18,950,416.35 (3,007,040.32) 15,943,376.04 21,670,579.84 37,613,955.88 0.00 PE%= 30.41% Estimated AR%= 52.18% 1 MILL= 1,276,574 Estimated 20
Littleswn Area School District BOARD RESOLUTION MAXIMUM BUILDING and TOTAL PROJECT COSTS LITTLESTOWN SCHOOL DISTRICT Adams County, Pennsylvania RESOLUTION WHEREAS, the Board of School Direcrs of Littleswn Area School District ("the School District") has determined that improved elementary school facilities are required for this School District and has authorized certain preliminary steps be taken plan, design, acquire, construct, furnish and equip proposed additions, renovations and site improvements the building and facilities of the School District (the "Project"); and WHEREAS, the Pennsylvania Public School Code of 1949, as amended and supplemented, including amendments made pursuant Act 34 of the Session of 1973 of the General Assembly (the "School Code"), requires, inter alia, that a public hearing be held prior construction or the entering in of a contract lease a new school building or construct a substantial addition an existing school building; and WHEREAS, in accordance with the requirements of the School Code a public hearing is required be held in connection with the Project; and WHEREAS, the School Code requires that a Notice of such public hearing be advertised twenty (20) days prior such hearing, that certain information be made available persons in attendance at such hearing and that certain financial information be available for inspection by interested citizens during the period of such advertisement; and WHEREAS, the Board of School Direcrs wishes take certain action with respect the Project, and desires authorize its Architect, Solicir and Financial Advisor take certain action with respect the Project. NOW THEREFORE BE IT RESOLVED by the Board of School Direcrs of the Littleswn Area School District, Adams County, Pennsylvania, as follows: 1. This School District hereby authorizes a public hearing be held in connection with the Project in accordance with and in compliance with the requirements of the School Code, in the Board Room of the District Administration Office located at 162 Newark Street, Littleswn, Pa on Monday, March 21, 2016 at 7:00 pm. 2. The Secretary of the Board of School Direcrs is hereby authorized and directed advertise the Public Hearing Notice set forth in Exhibit "A" (with such revisions and modifications as may be requested or directed by the Pennsylvania Department of Education), which is attached here and made part hereof, in accordance with the requirements thereof and of the School Code. 3. This School District authorizes a "tal project cost" of $10,972,927 and an "Act 34 maximum building construction cost" of $7,627,155 in connection with the Project. 4. The Board of School Direcrs of this School District hereby authorizes and approves preparation of a description of the Project in accordance with prior decisions of this Board and upon approval thereof by the Superintendent of this School District in consultation with the Solicir of this School District, the Board of School Direcrs hereby directs the Secretary of the Board of School Direcrs of this School District make copies of such description of the Project available 21
Littleswn Area School District interested citizens requesting the same at the place and during the reasonable hours stated in the Public Hearing Notice, and also make such description available the public media as required by Act 34 of the School Code. 5. This School District hereby authorizes Atrney P. Daniel Altland, Solicir of this School District, the firm of Crabtree, Rohrbaugh & Associates, Architects of this School District, and the firm of Public Financial Management, Inc., the Financial Advisor of this School District, perform such acts on behalf of this School District as may be necessary in connection with the Project. 6. This School District approves, ratifies and confirms all action herefore taken in connection with the Project. 7. Prior resolutions or parts thereof, insofar as the same shall be inconsistent herewith, are hereby repealed. DULY ADOPTED by the Board of School Direcrs of this School District this 22nd day of February, 2016. Littleswn Area School District Attest: Secretary By: President Board of School Direcrs 22
Littleswn Area School District CERTIFICATE The undersigned, being the Secretary of the Littleswn Area School District, Adams County, Pennsylvania (the "School District"), hereby certifies: that the foregoing is a true and correct copy of a Resolution which was duly adopted by the affirmative vote of a majority of all of the members of the Board of School Direcrs (the "Board") of the School District at a meeting of the Board duly convened and held according law on Monday, February 22, 2016, at which meeting a quorum was present; that said Resolution has been duly recorded in the minutes of the Board; that the votes of the members with respect the Resolution have been duly recorded in the minutes of the Board; and that said Resolution is in full force and effect and has not been amended, altered or repealed, as of the date of this Certificate. The undersigned further certifies that the Board of the School District met the advance notice requirements of the Sunshine Act of the General Assembly of the Commonwealth of Pennsylvania, by advertising said meeting and by posting prominently a notice of said meeting at the principal office of the School District and at the public building in which said meeting was held, all in accordance with such Act. IN WITNESS WHEREOF, the undersigned has executed this Certificate, as Secretary of the School District, and has affixed the official seal of the School District this 22nd day of February, 2016. Secretary, Littleswn Area School District 23
Littleswn Area School District PUBLIC HEARING NOTICE Please take notice that a public hearing will be held in the Board Room of the District Administration Office located at 162 Newark Street, Littleswn, Pa on Monday, March 21, 2016 at 7:00 p.m. for the purpose of reviewing all relevant matters relating the construction and equipping of the proposed additions and renovations the. A description of the Project, including facts relative educational, physical, administrative, budgetary and fiscal matters of the project, will be presented and will be available for consideration at this public hearing, and, beginning Monday, February 29, 2016, a description booklet will be available during business hours at the Littleswn Area School District Administration Building located at 162 Newark Street, Littleswn, Pa. The Board of School Direcrs of the Littleswn Area School District by resolution duly adopted has authorized the following maximum building construction cost and estimated tal project cost in connection with the project: Act 34 Maximum Building Construction Cost - for new construction only $ 7,627,155 (Structure Cost, Design Fees, Movable Fixtures and Equipment, LESS Site Costs) Other Project Costs $ 3,345,772 (Site Costs and remaining Project Soft Costs) Estimated Total Project Costs $ 10,972,927 This public hearing is being held pursuant the requirements of PA Public School Code of 1949, approved March 10, 1949, as amended and supplemented, including amendments made pursuant Act 34 of the session of 1973 of the General Assembly. Any and all interested parties may attend and be heard at the public hearing. Interested parties that want be placed on the public hearing agenda may submit their names and written testimony the District Office (address listed above) until 12:00 noon on Friday, March 18, 2016. All testimony will be limited five minutes per speaker. Additional testimony will be received from the floor at the hearing. Additional comments regarding the project will be received by the School Board Secretary until 12:00 noon, Thursday, April 21, 2016. 24