Excellence. Every School. Every Student. Every Day.

HopkinsSchool BoardWorkshopE i s enhower Commun i t y Cen te r — Boa rd room 6 p .m . — May 15 , 2018 10-YearFacilitiesPlan J.Toop/P.Poquette

  Excellence. Every School. Every Student.

School  Board  Execut ive  Summary  

Faci l i t ies  Maintenance 10‐Year Plan May   15 ,   2 018   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 31st 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 2020.  Initial discussion of the annual update of Hopkins Public Schools 10‐year plan occurred at the April 17th meeting, with suggestions for Harley Hopkins that required further research.  The Board workshop on May 15th should allow for a decision to be reached on how to proceed with Harley Hopkins.  Final approval for submission of the 10‐year plan will be given at the June 5th meeting on the Consent Calendar.  Upon MDE approval of the plan, bonds of approximately $17.1 million will be issued in Spring 2019, 

1 of 25 05/15/18

2 School Board Executive Summary Long Term Facilities Maintenance Program Phase VII May 15, 2018 

 

Excellence. Every School. Every Student.

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.  As of the writing of this report, MDE has not yet published the FY 2019 LTFM documents (e.g. Statement of Assurance, Expense, or Revenue worksheets).  This resolution, along with any Board suggested changes to the 10‐year plan from the April 17th meeting, will be placed on the May 15th Consent Calendar for approval and submission.   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)     

2 of 25 05/15/18

Ten-Year Facilities Plan

Fiscal Years 2019-2028

Hopkins Public Schools

3 of 25 05/15/18

Pre-K Considerations

4 of 25 05/15/18

Harley Hopkins Family Center

▪Built in 1990

▪40,930 sq ft

▪Masonry construction

▪Building “bones” and site in good condition

▪HVAC infrastructure in need of upgrade

5 of 25 05/15/18

Harley Hopkins Family CenterUpgrade Vital Infrastructure

$5.7 millionFunded by Board-Approved LTFM

• Comprehensive HVAC / IAQ upgrade, complete with dehumidification and individual room control

• Install energy management system

• Build mechanical room for HVAC equipment

• Replace fire alarm system

• Information Technology (IT) Replacement

• Classroom door security control measures

• Replacement of much badly sealed and leaking skylights

• Other pressing fixes/improvements

Upgrade Building to Current District Standards

$8 millionFunded by Board-Approved LTFM

• Comprehensive HVAC / IAQ upgrade, complete with dehumidification and individual room control

• Install energy management system

• Replace fire alarm system

• Build mechanical room for HVAC equipment

• Information Technology (IT) Replacement

• Classroom door security control measures

• Replacement of much badly sealed and leaking skylights

• Other pressing fixes/improvements

• Replace domestic piping (currently residential thickness of copper)

• Revitalize finishes (e.g. flooring, cabinetry, wall, etc.) throughout

• Upgrade restrooms including tile and wall-mount fixtures (including ADA upgrades)

• Revise traffic flow including bus access

• Miscellaneous site work including repainting the parking lot

6 of 25 05/15/18

Other Options to Consider

• $17 million

• Funded by Voter-Approved Referendum

• 41,000 sq ft

• Precast construction

• Temporary use of Eisenhower

Build a New Family Center on the Existing HH Site

• Alice Smith Elementary: $1.5 million

• Glen Lake: $1.8 million

• Tanglen Elementary: $1.4 million

• Gatewood Elementary: $1 million

• Eisenhower Elementary: $750K

• Funded by Voter-Approved Referendum or Board-Approved Lease Levy

• Repurpose Harley Hopkins after two years

Pre-K Additions at Other Sites

7 of 25 05/15/18

Summary of Options

Consider Pre-K Options

Choose a Pre-K Option

Reuse Harley Hopkins

Approve 10-Year LTFM Plan

•Choose a level of reinvestment: $5.7MM (Plan B) or $8MM (Plan A)

Continue Pre-K Evaluation

• Table decision on Harley Hopkins

• Continue discussion on Pre-K

Approve 10-Year LTFM Plan

• Move 2021 High School project into Phase VII (2019 construction)

• Plan C

Ideally, a May Board approval

8 of 25 05/15/18

10-Year Plan Expenditures

Depicted by Calendar Year

9 of 25 05/15/18

10-Year LTFM Plan Expenditures

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028

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$

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028

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$

"

School Name Total

Funding Type Total

Phase XIPhase VII Phase VIII Phase IX Phase X

Calendar Year Expenditures

Calendar Year Expenditures

$26,230,394$20,097,745 $22,777,313 $15,881,385 $19,091,675

Plan A

10 of 25 05/15/18

10-Year LTFM Plan ExpendituresPlan B

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028

District-Wide $3,547,410 $1,449,178 $1,585,916 $3,677,622 $2,034,680 $1,752,675 $1,661,646 $1,710,111 $497,165 $450,000 18,366,403$

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 $5,720,468 $5,719 $14,869 $14,125 $7,569 $0 $311,939 $2,521,207 $0 $0 8,595,896$

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$

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028

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$

"

Calendar Year Expenditures

Calendar Year Expenditures

$26,230,394$20,097,745 $22,777,313 $15,881,385 $19,091,675

School Name Total

Funding Type Total

Phase XIPhase VII Phase VIII Phase IX Phase X

11 of 25 05/15/18

10-Year LTFM Plan ExpendituresPlan C

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028

District-Wide $1,209,457 $1,449,178 $1,548,684 $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 $33,625 $5,719 $8,076,897 $14,125 $7,569 $0 $311,939 $2,521,207 $0 $0 10,971,081$

High School $9,847,685 $2,242,688 $1,373,661 $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$

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028

Bond $11,131,225 $5,967,758 $10,774,934 $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 $790,391 $2,208,371 $2,362,706 $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$

"

Calendar Year Expenditures

Calendar Year Expenditures

$26,230,394$20,097,745 $22,777,312 $15,881,385 $19,091,675

School Name Total

Funding Type Total

Phase XIPhase VII Phase VIII Phase IX Phase X

12 of 25 05/15/18

LTFM Board Resolution

13 of 25 05/15/18

-- 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 15th day of May, 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 Long-term 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 2019-2028 10-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 15th day of May, 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 Program to fund Phase VII of the District’s Long-Term Facilities Maintenance Plan. WITNESS MY HAND officially as such Secretary/Clerk this ______ day of ________________, 2018. Clerk

14 of 25 05/15/18

10-Year Finance Plan

Depicted by Fiscal Year

15 of 25 05/15/18

PRELIMINARY INFORMATION - FOR DISCUSSION ONLY

Hopkins School District No. 270

Preliminary Financing Plan Future Facilites Maintenance Projects

Bond Issue Amount:

Average Int. Rate:

Dated Date:

Levy

Pay. Fiscal Building AF/FM OPEB Est. Debt Net Tax Lease Capital General Fund Addl. Debt Debt Total Tax

Year Year Bonds Bonds Bonds Excess 3

Levy Rate Levy 4

Project Levy 5

Revenue Principal Interest Excess 3

Levy Levy Rate

2017 2018 107,698 3.8% 4,872,480 6,205,776 4,635,141 (472,070) 15,241,328 14.15 2,048,573 9,056,555 789,422 - - - - 27,135,878 25.20

2018 2019 112,892 4.8% 6,243,680 6,637,129 4,065,676 (445,222) 16,501,263 14.62 1,669,879 9,900,656 1,272,336 - - - - 29,344,134 25.99

2019 2020 116,279 3.0% 6,694,262 6,733,913 4,090,784 (788,353) 16,730,605 14.39 1,307,588 10,378,153 1,808,421 - 515,700 6 - - 30,224,767 25.99

2020 2021 118,605 2.0% 6,680,685 10,538,719 - (774,873) 16,444,531 13.86 1,307,588 10,689,497 1,660,734 - 687,600 - 721,980 30,824,330 25.99

2021 2022 120,977 2.0% 6,381,215 11,103,409 - (786,808) 16,697,816 13.80 1,307,588 10,903,287 1,838,453 - 1,225,650 6 (32,489) 689,491 31,436,635 25.99

2022 2023 123,396 2.0% 1,902,482 15,265,661 - (772,566) 16,395,577 13.29 1,307,588 11,121,353 1,801,007 - 1,405,000 (31,027) 1,444,223 32,069,747 25.99

2023 2024 124,630 1.0% 1,508,469 13,120,039 - (658,283) 13,970,225 11.21 1,307,588 11,343,780 4,361,156 - 1,596,550 6 (64,990) 1,410,260 32,393,009 25.99

2024 2025 125,877 1.0% 1,520,282 12,604,069 - (635,596) 13,488,755 10.72 1,307,588 11,457,218 4,786,733 - 1,660,400 (63,462) 1,679,958 32,720,252 25.99

2025 2026 127,135 1.0% 1,521,909 12,974,719 - (652,348) 13,844,280 10.89 1,307,588 11,571,790 4,653,524 - 1,979,300 6 (75,598) 1,667,822 33,045,004 25.99

2026 2027 128,407 1.0% 1,549,157 12,911,351 - (650,723) 13,809,785 10.75 1,307,588 11,687,508 4,458,225 - 2,085,600 (75,052) 2,114,828 33,377,934 25.99

2027 2028 128,407 0.0% 1,529,207 12,843,941 - (646,792) 13,726,356 10.69 1,307,588 11,804,383 4,006,549 - 2,500,200 6 (95,167) 2,530,043 33,374,919 25.99

2028 2029 128,407 0.0% 1,545,219 12,330,833 - (624,422) 13,251,630 10.32 1,307,588 11,804,383 4,350,063 - 2,638,400 (113,852) 2,656,468 33,370,132 25.99

2029 2030 128,407 0.0% 3,627,107 6,951,893 - (476,055) 10,102,944 7.87 1,307,588 11,804,383 6,400,000 1,050,000 2,638,400 (119,541) 3,753,279 33,368,194 25.99

2030 2031 128,407 0.0% 3,874,001 6,712,703 - (476,402) 10,110,302 7.87 1,307,588 11,804,383 6,400,000 1,135,000 2,596,400 (168,898) 3,749,072 33,371,345 25.99

2031 2032 128,407 0.0% 5,928,694 3,455,393 - (422,284) 8,961,802 6.98 1,307,588 11,804,383 6,400,000 2,275,000 2,551,000 (168,708) 4,898,592 33,372,365 25.99

2032 2033 128,407 0.0% 5,681,498 - - (255,667) 5,425,830 4.23 1,307,588 11,804,383 6,400,000 5,780,000 2,460,000 (220,437) 8,431,563 33,369,364 25.99

2033 2034 128,407 0.0% 5,694,098 - - (256,234) 5,437,863 4.23 1,307,588 11,804,383 6,400,000 6,150,000 2,228,800 (379,420) 8,418,320 33,368,154 25.99

2034 2035 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 6,280,000 1,982,800 (378,824) 8,297,116 27,809,087 21.66

2035 2036 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 6,525,000 1,731,600 (373,370) 8,296,060 27,808,031 21.66

2036 2037 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 6,790,000 1,470,600 (373,323) 8,300,307 27,812,278 21.66

2037 2038 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 7,060,000 1,199,000 (373,514) 8,298,436 27,810,407 21.66

2038 2039 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 7,340,000 916,600 (373,430) 8,296,000 27,807,971 21.66

2039 2040 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 7,635,000 623,000 (373,320) 8,297,580 27,809,551 21.66

2040 2041 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 7,940,000 317,600 (373,391) 8,297,089 27,809,060 21.66

2041 2042 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 - - - - 19,511,971 15.20

2042 2043 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 - - - - 19,511,971 15.20

2043 2044 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 - - - - 19,511,971 15.20

2044 2045 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 - - - - 19,511,971 15.20

2045 2046 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 - - - - 19,511,971 15.20

2046 2047 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 - - - - 19,511,971 15.20

2047 2048 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 - - - - 19,511,971 15.20

2048 2049 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 - - - - 19,511,971 15.20

2049 2050 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 - - - - 19,511,971 15.20

Totals 66,754,445 150,389,545 12,791,601 (9,794,699) 220,140,893 44,253,670 379,610,612 170,186,623 65,960,000 37,010,200 (4,227,813) 102,248,487 916,440,286

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 2018.

5 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.

April 11, 2018

1st Issue 2nd Issue

$17,190,000

4.00%

5th Issue

$13,820,000

4.00%

5/1/20275/1/2025

3rd Issue

$6,385,000

4.00%

5/1/2023

4th Issue

($000s)

Debt Service Levies - Existing Bonds 2

Tax Capa-

city Value 1

Facilities Maintenance Funding Combined TotalsOther Levies

Updated Long Term Financing Plan

Five Facilities Maintenance Bond Issues

$10,630,000

4.00%

Future Facilities Maintenance Bond Issues

5/1/2019

$17,935,000

4.00%

5/1/2021

DebtPlan18b

16 of 25 05/15/18

PRELIMINARY INFORMATION - FOR DISCUSSION ONLY

Hopkins School District No. 270Estimated Tax Rates for Capital and Debt Service Levies

Date Prepared:

20297433 653226

310140 609551 2E+06 577060 1014723 -1552211 2069000

577060

577060

577060

577060

577060

April 11, 2018

Updated Long Term Financing Plan

Five Facilities Maintenance Bond Issues

-

5

10

15

20

25

30

35

Esti

mate

d T

ax R

ate

Year Taxes are Payable

Facilities Maint. Funding

Cap. Project Levy

Lease Levy

Existing Debt

DebtPlan18b17 of 25 05/15/18

PRELIMINARY INFORMATION - FOR DISCUSSION ONLY

Hopkins School District No. 270Financing Plan for Facilities Maintenance Projects

Levy Alt. Facilities

Pay Year Fiscal Year Costs from Plan Net Costs Bonds Levy

2017 2018 8,642,462 8,642,462 7,853,040 789,422

2018 2019 9,082,336 9,082,336 7,810,000 1,272,336

2019 2020 10,423,421 10,423,421 8,615,000 1,808,421

2020 2021 10,160,734 10,160,734 8,500,000 1,660,734

2021 2022 11,738,453 11,738,453 9,900,000 1,838,453

2022 2023 9,761,007 9,761,007 7,960,000 1,801,007

2023 2024 8,341,156 8,341,156 3,980,000 4,361,156

2024 2025 7,116,733 7,116,733 2,330,000 4,786,733

2025 2026 9,413,524 9,413,524 4,760,000 4,653,524

2026 2027 10,253,225 10,253,225 5,795,000 4,458,225

2027 2028 12,556,549 12,556,549 8,550,000 4,006,549

2028 2029 9,545,063 9,545,063 5,195,000 4,350,063

2029 2030 6,400,000 6,400,000 0 6,400,000

2030 2031 6,400,000 6,400,000 0 6,400,000

2031 2032 6,400,000 6,400,000 0 6,400,000

2032 2033 6,400,000 6,400,000 0 6,400,000

2033 2034 6,400,000 6,400,000 0 6,400,000

2034 2035 6,400,000 6,400,000 0 6,400,000

2035 2036 6,400,000 6,400,000 0 6,400,000

2036 2037 6,400,000 6,400,000 0 6,400,000

2037 2038 6,400,000 6,400,000 0 6,400,000

2038 2039 6,400,000 6,400,000 0 6,400,000

2039 2040 6,400,000 6,400,000 0 6,400,000

2040 2041 6,400,000 6,400,000 0 6,400,000

2041 2042 6,400,000 6,400,000 0 6,400,000

2042 2043 6,400,000 6,400,000 0 6,400,000

2043 2044 6,400,000 6,400,000 0 6,400,000

2044 2045 6,400,000 6,400,000 0 6,400,000

2045 2046 6,400,000 6,400,000 0 6,400,000

2046 2047 6,400,000 6,400,000 0 6,400,000

2047 2048 6,400,000 6,400,000 0 6,400,000

2048 2049 6,400,000 6,400,000 0 6,400,000

2049 2050 6,400,000 6,400,000 0 6,400,000

Totals $251,434,663 $251,434,663 $81,248,040 $170,186,623

Future Bond Issues Bond Amount

1st Bond Issue - 2019 FY 20, 21 $17,190,000

2nd Bond Issue - 2021 FY 22, 23 $17,935,000

3rd Bond Issue - 2023 FY 24, 25 $6,385,000

4th Bond Issue - 2025 FY 26,27 $10,630,000

5th Bond Issue - 2027 FY 28,29 $13,820,000

$65,960,000

Funding Sources

Updated Long Term Financing Plan

Five Facilities Maintenance Bond Issues

April 11, 2018

DebtPlan18b

18 of 25 05/15/18

Previously Presented

Background Information

19 of 25 05/15/18

Review of Past Phases

School NameTotal

Projects2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

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$

Phase I Phase II Phase III Phase IV Phase VIPhase V

$19,997,523 $39,741,709 $24,910,903 $17,102,485 $17,090,891$13,374,003

20 of 25 05/15/18

Unesco, Inc.2125 2nd StreetWhite Bear Lake, MN 55110

(952) 486-7854

Kevin.McGauley@UnescoCorp.com

Get in Touch!

We’d love to hear from you.

Questions?

21 of 25 05/15/18

-- 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 Long-term 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 2019-2028 10-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 _________________, 2018. Clerk

22 of 25 05/15/18

PRELIMINARY INFORMATION - FOR DISCUSSION ONLY

Hopkins School District No. 270

Preliminary Financing Plan Future Facilites Maintenance Projects

Bond Issue Amount:

Average Int. Rate:

Dated Date:

Levy

Pay. Fiscal Building AF/FM OPEB Est. Debt Net Tax Lease Capital General Fund Addl. Debt Debt Total Tax

Year Year Bonds Bonds Bonds Excess 3

Levy Rate Levy 4

Project Levy 5

Revenue Principal Interest Excess 3

Levy Levy Rate

2017 2018 107,698 3.8% 4,872,480 6,205,776 4,635,141 (472,070) 15,241,328 14.15 2,048,573 9,056,555 789,422 - - - - 27,135,878 25.20

2018 2019 112,892 4.8% 6,243,680 6,637,129 4,065,676 (445,222) 16,501,263 14.62 1,669,879 9,900,656 1,272,336 - - - - 29,344,134 25.99

2019 2020 116,279 3.0% 6,694,262 6,733,913 4,090,784 (788,353) 16,730,605 14.39 1,307,588 10,378,153 1,808,421 - 515,700 6 - - 30,224,767 25.99

2020 2021 118,605 2.0% 6,680,685 10,538,719 - (774,873) 16,444,531 13.86 1,307,588 10,689,497 1,660,734 - 687,600 - 721,980 30,824,330 25.99

2021 2022 120,977 2.0% 6,381,215 11,103,409 - (786,808) 16,697,816 13.80 1,307,588 10,903,287 1,838,453 - 1,225,650 6 (32,489) 689,491 31,436,635 25.99

2022 2023 123,396 2.0% 1,902,482 15,265,661 - (772,566) 16,395,577 13.29 1,307,588 11,121,353 1,801,007 - 1,405,000 (31,027) 1,444,223 32,069,747 25.99

2023 2024 124,630 1.0% 1,508,469 13,120,039 - (658,283) 13,970,225 11.21 1,307,588 11,343,780 4,361,156 - 1,596,550 6 (64,990) 1,410,260 32,393,009 25.99

2024 2025 125,877 1.0% 1,520,282 12,604,069 - (635,596) 13,488,755 10.72 1,307,588 11,457,218 4,786,733 - 1,660,400 (63,462) 1,679,958 32,720,252 25.99

2025 2026 127,135 1.0% 1,521,909 12,974,719 - (652,348) 13,844,280 10.89 1,307,588 11,571,790 4,653,524 - 1,979,300 6 (75,598) 1,667,822 33,045,004 25.99

2026 2027 128,407 1.0% 1,549,157 12,911,351 - (650,723) 13,809,785 10.75 1,307,588 11,687,508 4,458,225 - 2,085,600 (75,052) 2,114,828 33,377,934 25.99

2027 2028 128,407 0.0% 1,529,207 12,843,941 - (646,792) 13,726,356 10.69 1,307,588 11,804,383 4,006,549 - 2,500,200 6 (95,167) 2,530,043 33,374,919 25.99

2028 2029 128,407 0.0% 1,545,219 12,330,833 - (624,422) 13,251,630 10.32 1,307,588 11,804,383 4,350,063 - 2,638,400 (113,852) 2,656,468 33,370,132 25.99

2029 2030 128,407 0.0% 3,627,107 6,951,893 - (476,055) 10,102,944 7.87 1,307,588 11,804,383 6,400,000 1,050,000 2,638,400 (119,541) 3,753,279 33,368,194 25.99

2030 2031 128,407 0.0% 3,874,001 6,712,703 - (476,402) 10,110,302 7.87 1,307,588 11,804,383 6,400,000 1,135,000 2,596,400 (168,898) 3,749,072 33,371,345 25.99

2031 2032 128,407 0.0% 5,928,694 3,455,393 - (422,284) 8,961,802 6.98 1,307,588 11,804,383 6,400,000 2,275,000 2,551,000 (168,708) 4,898,592 33,372,365 25.99

2032 2033 128,407 0.0% 5,681,498 - - (255,667) 5,425,830 4.23 1,307,588 11,804,383 6,400,000 5,780,000 2,460,000 (220,437) 8,431,563 33,369,364 25.99

2033 2034 128,407 0.0% 5,694,098 - - (256,234) 5,437,863 4.23 1,307,588 11,804,383 6,400,000 6,150,000 2,228,800 (379,420) 8,418,320 33,368,154 25.99

2034 2035 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 6,280,000 1,982,800 (378,824) 8,297,116 27,809,087 21.66

2035 2036 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 6,525,000 1,731,600 (373,370) 8,296,060 27,808,031 21.66

2036 2037 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 6,790,000 1,470,600 (373,323) 8,300,307 27,812,278 21.66

2037 2038 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 7,060,000 1,199,000 (373,514) 8,298,436 27,810,407 21.66

2038 2039 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 7,340,000 916,600 (373,430) 8,296,000 27,807,971 21.66

2039 2040 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 7,635,000 623,000 (373,320) 8,297,580 27,809,551 21.66

2040 2041 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 7,940,000 317,600 (373,391) 8,297,089 27,809,060 21.66

2041 2042 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 - - - - 19,511,971 15.20

2042 2043 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 - - - - 19,511,971 15.20

2043 2044 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 - - - - 19,511,971 15.20

2044 2045 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 - - - - 19,511,971 15.20

2045 2046 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 - - - - 19,511,971 15.20

2046 2047 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 - - - - 19,511,971 15.20

2047 2048 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 - - - - 19,511,971 15.20

2048 2049 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 - - - - 19,511,971 15.20

2049 2050 128,407 0.0% - - - - - - 1,307,588 11,804,383 6,400,000 - - - - 19,511,971 15.20

Totals 66,754,445 150,389,545 12,791,601 (9,794,699) 220,140,893 44,253,670 379,610,612 170,186,623 65,960,000 37,010,200 (4,227,813) 102,248,487 916,440,286

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 2018.

5 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.

April 11, 2018

1st Issue 2nd Issue

$17,190,000

4.00%

5th Issue

$13,820,000

4.00%

5/1/20275/1/2025

3rd Issue

$6,385,000

4.00%

5/1/2023

4th Issue

($000s)

Debt Service Levies - Existing Bonds 2

Tax Capa-

city Value 1

Facilities Maintenance Funding Combined TotalsOther Levies

Updated Long Term Financing Plan

Five Facilities Maintenance Bond Issues

$10,630,000

4.00%

Future Facilities Maintenance Bond Issues

5/1/2019

$17,935,000

4.00%

5/1/2021

DebtPlan18b

23 of 25 05/15/18

PRELIMINARY INFORMATION - FOR DISCUSSION ONLY

Hopkins School District No. 270Estimated Tax Rates for Capital and Debt Service Levies

Date Prepared:

20297433 653226

310140 609551 2E+06 577060 1014723 -1552211 2069000

577060

577060

577060

577060

577060

April 11, 2018

Updated Long Term Financing Plan

Five Facilities Maintenance Bond Issues

-

5

10

15

20

25

30

35

Esti

mate

d T

ax R

ate

Year Taxes are Payable

Facilities Maint. Funding

Cap. Project Levy

Lease Levy

Existing Debt

DebtPlan18b24 of 25 05/15/18

PRELIMINARY INFORMATION - FOR DISCUSSION ONLY

Hopkins School District No. 270Financing Plan for Facilities Maintenance Projects

Levy Alt. Facilities

Pay Year Fiscal Year Costs from Plan Net Costs Bonds Levy

2017 2018 8,642,462 8,642,462 7,853,040 789,422

2018 2019 9,082,336 9,082,336 7,810,000 1,272,336

2019 2020 10,423,421 10,423,421 8,615,000 1,808,421

2020 2021 10,160,734 10,160,734 8,500,000 1,660,734

2021 2022 11,738,453 11,738,453 9,900,000 1,838,453

2022 2023 9,761,007 9,761,007 7,960,000 1,801,007

2023 2024 8,341,156 8,341,156 3,980,000 4,361,156

2024 2025 7,116,733 7,116,733 2,330,000 4,786,733

2025 2026 9,413,524 9,413,524 4,760,000 4,653,524

2026 2027 10,253,225 10,253,225 5,795,000 4,458,225

2027 2028 12,556,549 12,556,549 8,550,000 4,006,549

2028 2029 9,545,063 9,545,063 5,195,000 4,350,063

2029 2030 6,400,000 6,400,000 0 6,400,000

2030 2031 6,400,000 6,400,000 0 6,400,000

2031 2032 6,400,000 6,400,000 0 6,400,000

2032 2033 6,400,000 6,400,000 0 6,400,000

2033 2034 6,400,000 6,400,000 0 6,400,000

2034 2035 6,400,000 6,400,000 0 6,400,000

2035 2036 6,400,000 6,400,000 0 6,400,000

2036 2037 6,400,000 6,400,000 0 6,400,000

2037 2038 6,400,000 6,400,000 0 6,400,000

2038 2039 6,400,000 6,400,000 0 6,400,000

2039 2040 6,400,000 6,400,000 0 6,400,000

2040 2041 6,400,000 6,400,000 0 6,400,000

2041 2042 6,400,000 6,400,000 0 6,400,000

2042 2043 6,400,000 6,400,000 0 6,400,000

2043 2044 6,400,000 6,400,000 0 6,400,000

2044 2045 6,400,000 6,400,000 0 6,400,000

2045 2046 6,400,000 6,400,000 0 6,400,000

2046 2047 6,400,000 6,400,000 0 6,400,000

2047 2048 6,400,000 6,400,000 0 6,400,000

2048 2049 6,400,000 6,400,000 0 6,400,000

2049 2050 6,400,000 6,400,000 0 6,400,000

Totals $251,434,663 $251,434,663 $81,248,040 $170,186,623

Future Bond Issues Bond Amount

1st Bond Issue - 2019 FY 20, 21 $17,190,000

2nd Bond Issue - 2021 FY 22, 23 $17,935,000

3rd Bond Issue - 2023 FY 24, 25 $6,385,000

4th Bond Issue - 2025 FY 26,27 $10,630,000

5th Bond Issue - 2027 FY 28,29 $13,820,000

$65,960,000

Funding Sources

Updated Long Term Financing Plan

Five Facilities Maintenance Bond Issues

April 11, 2018

DebtPlan18b

25 of 25 05/15/18