[1. Call to order]
[00:00:08]
>> GOOD EVENING, I'D LIKE TO CALL TO ORDER THE OCTOBER 2, 2023 LAKE WASHINGTON SCHOOL BOARD STUDY SESSION. LET THE RECORD REFLECT ALL BOARD MEMBERS ARE PRESENT WITH THE EXCEPTION OF DIRECTOR BLIESNER EXCUSE THIS EVENING. OUR STUDENT REPRESENTATIVE THIS
[1. Building Excellence Plan]
EVENING SHIRA AND ELLA WILL BE HERE SHORTLY. THE FIRST TOPIC FOR DISCUSSION THIS AFTERNOON, IS THE BUILDING EXCELLENT PLAN UPDATE. CRACKS YES, TONIGHT E SECOND OF THREE PLANNED STUDY SESSIONS OF THE BOARD AND I WAS THINKING TODAY, IT FEELS LIKE WE ARE ALWAYS TALKING ABOUT OUR PLAN FOR SCHOOL FACILITIES AND SCHOOL CONSTRUCTION FUNDING.THEN I QUICKLY JUMPED TO THAT'S BECAUSE IT IS THAT IMPORTANT TO ACTUALLY HAVE OUR PLANS VERY WELL THOUGHT THROUGH VERY WELL VETTED, RESPONSIVE TO CHANGES THAT ARE OCCURRING WITHIN OUR COMMUNITY AND SO, WE SPENT A LOT OF TIME ON THIS TOPIC BECAUSE IT IS THAT IMPORTANT.
AND ANYTIME WE THINK ABOUT USING OUR COMMUNITIES RESOURCES, CONSTRUCTING BUILDINGS, WE KNOW THAT OUR STUDENTS ARE USING, THE COMMUNITY IS USING, IT IS IMPORTANT THAT WE DO OUR DUE DILIGENCE, TO PLAN ACCORDINGLY FOR NOT ONLY THE FACILITIES BUT ALSO THE FUNDING PLANS BECAUSE THOSE HAVE IMPLICATIONS FOR OUR COMMUNITY AS WELL.
AND SO, WE TALK ABOUT THIS OFTEN BECAUSE IT IS THAT IMPORTANT.
WE KNOW THAT HIGH QUALITY AND SCHOOL SPACES ALONG WITH OUR EDUCATIONAL SPECIFICATION, ACTUALLY DO LEAD TO IMPROVED EXPERIENCE IS FOR OUR STUDENTS AND SCHOOLS.
THAT'S WHY WE CONTINUE TO COME BACK TO THIS. TONIGHT, WE HAVE A PRESENTATION THAT WILL LAST ABOUT 45 MINUTES TO AN HOUR TO PROVIDE INFORMATION FOR THE BOARD ABOUT BOTH FACILITIES AND ALSO THE FUNDING, A FEW VARIOUS OPTIONS AROUND FUNDING.
THEN WE ACTUALLY WANT TO PROVIDE THE BOARD WITH OPPORTUNITY TO DO SOME SMALL GROUP COLLABORATION AND THINKING, WHERE WILL ACTUALLY DOCUMENT THE BOARDS THOUGHTS ON THE WHITEBOARD, CAPTURE THOSE FOR THE RECORD IN OUR NOTES, RATHER THAN JUST HAVING A KIND OF INDIVIDUAL COMMENTS. BUT ACTUALLY GIVE THE BOARD AN OPPORTUNITY TO DIALOGUE WITH ONE ANOTHER AND STAFF, AROUND SOME OF THE VARIOUS OPTIONS SO THAT WE THEN CAN START TO ELEVATE THE MOST SALIENT IDEAS. THE BOARD IS THINKING ABOUT AS WE NARROW IN ON A RECOMMENDATION. WITH THAT, I'LL HAND IT TO THE ASSOCIATE SUPERINTENDENT.
>> THANK YOU VERY MUCH. JUST AN UPDATE ON A TIMELINE. AS JOHN SAID, WE HAVE BEEN, WE SHARED THE BOARD ON MARCH STUDY SESSION, WENT OVER THE BUILDING EXCELLENT PLAN, AGAIN, SEPTEMBER 11. WE HEARD TONIGHT SHARING INFORMATION AND DISCUSSION.
WE WILL COME BACK NOVEMBER 20 WITH RATIFICATION AND DISCUSSION.
SO, AGAIN, WAS SPENT ABOUT ONE HOUR IN THE PRESENTATION, 45 MINUTES TO AN HOUR.
WE WILL TALK ABOUT CONSIDERATIONS REGARDING FACILITIES, AND FUNDING STRATEGIES. THEN WILL SPEND THE NEXT 45 MINUTES ON FEEDBACK PROCESS.
THE GOAL FOR TONIGHT STUDY SESSION IS THAT THE BOARD UNDERSTANDS THE PROJECTS IN THE BUILDING EXCELLENT PLAN. UNDERSTANDS RECOMMENDATIONS RELATED TO PLANNING VERSUS FACILITIES AND CAPACITY AND UNDERSTANDS POTENTIAL FUNDING STRATEGIES.
SO, AGAIN, I WAS BRING US BACK TO KIND OF A REMINDER OF WHAT THE BUILDING EXCELLENT PLAN IS.
IT IS A THREE PHASED PLAN. AND STEP ONE WAS APPROVED AND PASSED BY VOTERS IN 2022.
WE PASSED A SIX YEAR CONSTRUCTION LEVY. IT PROVIDED $295 MILLION FOR THE CRITICAL CONSTRUCTION NEEDS. AND THEN, STEP TWO WAS PLANNED FOR 2024 BOND. THEN, A RENEWAL IN STEP THREE OF 2028.
AGAIN, THE VARIOUS AMOUNTS, 971,000,705. AND THEN, AGAIN, REMINDER OF THE PROJECTS IN THOSE PHASES TWO AND THREE. THIS SHOWS THE WHOLE KIND OF VISUAL OF PHASES. PHASE 1 AS I MENTIONED $295 MILLION LEVY.
PHASE 2 WAS ADDITIONAL PROJECTS, NOT ONLY REBUILD OF AGENT SCHOOLS BUT ADDITIONAL CAPACITY. AND A FIFTH CONFIDENCE OF HIGH SCHOOL AND PHASE 3 IS ADDITIONAL AGAIN, DRESSING AGING SCHOOLS AND ADDITIONAL CAPACITY.
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I WANT TO TALK ABOUT MORE INFORMATION. WE TALKED ABOUT BRINGING MORE INFORMATION ON THE AGING FACILITIES. AND SO, WE KIND OF ADDED A DEFINITION OF AGING FACILITIES BECAUSE IT MEANS DIFFERENT THINGS DIFFERENT PEOPLE.OUR AGING FACILITIES KIND OF MEET ONE OF THE FOLLOWING CRITERIA.
WE DO NOT MEET THE EDUCATIONAL SPECIFICATION FOR SCHOOL SPACE. SO, WILL GO OVER WITH SOME OF THOSE THINGS ARE SUCH AS SHARED LEARNING, SUCH AS A SCHOOL THAT ACTUALLY HAS PATHWAYS INDOORS, NOT OUTDOORS OR REACHED OR EXCEEDED EXPECTED USEFUL LIFE. MANY OF OUR SYSTEMS IN THE AGE OF PERSONAS HAVE REACHED THEIR USEFUL LIFE. AND THEN, MORE THAN 40 YEARS OLD, AND HAS NOT RECEIVED AN UPGRADE REMODEL OR REPLACEMENT. WE STARTED OUR LONG TERM -- LOOK AT THAT, IT JUST FLIPPED. WE STARTED A LONG-TERM, OUR FACILITY STRATEGY.
IT STARTED IN 1998 AND START REPLACING MANY AGING SCHOOLS. I'M GOING TO HAVE RYAN GO OVER
KIND OF THE NEXT STEPS WITH OUR AGING FACILITIES. >> OKAY.
SO, WE ARE IN THE PROCESS OF PRE-DESIGN AND PRE-DESIGN RECOMMENDATIONS THAT ARE DUE IN THE FIRST QUARTER OF 2024. THIS WILL PROVIDE US WITH 50 PERCENT SCHEMATIC DESIGNS FOR PROJECTS AND WE SELECTED A CONTRACTOR. AND THEN, FOR EVERGREEN MIDDLE SCHOOL, -- WE BUNDLED THESE TWO PROJECTS TO BRING THEM UP TO 50 PERCENT SCHEMATIC DESIGN WITH THE PROGRESSIVE DESIGN BUILD CONTRACTOR. THE PRE-DESIGN ACTIVITIES ARE UNDERWAY. WE EXPECT THE COST TO BE IN AND AROUND 3.2 MILLION TO GET TO
THAT DESIGN LEVEL. >> CAN WE APPROVE THE FUNDING FROM OUR REPURPOSED LEVY DOLLARS. THAT IS WHAT WE LKED ABOUT IN OUR MARCH STUDY SESSION.
BRIAN WILL N WILL WALK THROUGH THE AGING HE AGING SCHOOLS AND WHAT KIND OF ISSUES SSUES THEY
HAVE. >> REAL BRIEFLY HERE, WE FOR ALCOTT AND SMITH, THE MAIN ARCHITECTS, AGAIN, WE HAVE THE GC CONTRACTOR. CONSTRUCTION STARTED, OCCUPANCY IS TO BE DETERMINED. NEXT SLIDE.THESE ARE PICTURES OF THE ENTRYWAYS FOR ALCOTT ON THE TOP MIDDLE AND SAMANTHA SMITH IS BOTTOM MIDDLE. WITH ALCOTT AND YOU CAN SEE THE HIGH SCHOOL IS THE AERIAL SITE PLAN FOR ALCOTT AND ON THE RIGHT IS THE AERIAL SITE FOR SMITH ELEMENTARY SCHOOL. THE PROGRAM IS REALLY UP TO A THREE-STORY SCHOOL WITH 30 STANDARD CLASSROOMS AND THE CAPACITY FOR 690 STUDENTS. ALCOTT AND SMITH, WERE DESIGNED AS A PROTOTYPICAL OUTDOOR CAMPUS STYLE. THE HVAC SYSTEMS, THEIR MULTIPLE HVAC SYSTEMS IN EACH SCHOOL. THEY ARE BEYOND THEIR USEFUL LIFE. THEY ARE SINGLE-STORY DESIGNS WITH EXTERIOR HALLWAYS, AND COURTYARDS. THE KITCHENS ARE SMALLER, AND IN THE CASE OF ALCOTT, THERE'S CURRENTLY NO SEPARATE JIM AND COMMONS SO THEY ARE EATING IN THEIR CLASSROOMS. THERE IS NO SHARED INSTRUCTIONAL SPACES, AND A HIGH NUMBER OF PORTABLES IN WHICH A SIGNIFICANT PORTION ARE AGE PORTABLES ALCOTT IS BUILT IN 1986, SMITH, 1988.
ON THE RIGHT, I WON'T READ THROUGH THE BUT THOSE ARE SOME OF THE GAPS AS IT RELATES TO THE CURRENT EDUCATIONAL SPECIFICATIONS. ALONG WITH THE CURRENT CODE CLEARLY THE BUILDING CODE AND FIRE CODE AND ENERGY CODE HAVE ALL BEEN UPDATED SINCE
CONSTRUCTION. >> BRIAN COME AGAIN SPEAK TO THE SINGLE-STORY? IS IT PART OF THE ED SPEC ORF FACILITY ADVISORY RECOMMENDATIONS?
>> THESE BUILDINGS WERE ORIGINALLY DESIGNED AS SINGLE-STORY.
SO, I DON'T KNOW AT THE TIME, WHETHER THAT WAS PART OF THE EDUCATIONAL SPECIFICATIONS.
NO, CURRENTLY KNOWN AS MULTIPLE STORIES, UP TO THREE. SORRY.
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IF WE WANT TO WALK TO THE TOP PICTURE ON THE LEFT, IT IS THE ALCOTT KITCHEN AREA.AND ALONG WITH A COURTYARD ON THE RIGHT. MIDDLE RIGHT IS ANOTHER AGED PORTABLES. MIDDLE LEFT IS EXTERIOR HALLWAY AND STORAGE AREA FOR SMITH ELEMENTARY. THE BOTTOM LEFT IS ONE OF THEIR COURTYARDS.
BOTTOM RIGHT IS A LONG HALLWAY AND THE OFFICE OF LEADING TO AN EXTERIOR HALLWAY.
EVERGREEN AND KAMIAKIN MIDDLE SCHOOLS, WE RECENTLY CHOSE A DESIGN BUILDER WHICH IS LISA CRUTCHER LEWIS AND A PARTNER WITH THE ARCHITECTS. WE EXPECT 50 PERCENT SCHEMATIC FIRST QUARTER 2024, START DATE AND OCCUPANCY ARE TO BE DETERMINED.
HERE ARE PICTURES ON THE TOP LEFT AND BOTTOM LEFT, ENTRYWAYS TO EVERGREEN AND KAMIAKIN.
MIDDLE PICTURE IS THE WHOLE SITE PLAN FOR THE EVERGREEN SITE WHICH INCLUDES DICKINSON ELEMENTARY SCHOOL AND SO, THAT IS A LARGE 77 ACRE SITE. AND BOTTOM RIGHT IS THE AERIAL OF THE SITE FOR KAMIAKIN MIDDLE SCHOOL. STANDARD IS UP TO THREE STORIES, WITH 900 STUDENT CAPACITY. EVERGREEN AND KAMIAKIN HAVE EXTERIOR COURTYARDS AS PART OF THEIR DESIGN OR GATHERING SPACES.
THERE HVAC SYSTEMS ALSO BEYOND THEIR USEFUL LIFE. SINGLE-STORY STRUCTURES, THEY DO NOT HAVE SHARED INSTRUCTIONAL AREAS. THEY HAVE LINE OF SIGHT CHALLENGES IN THEIR SCHOOL. AND QUITE A FEW INTERCONNECTED CLASSROOMS THAT REQUIRE YOU TO GO INTO ONE CLASSROOM TO ACCESS ANOTHER CLASSROOM. THEY HAVE A LARGE NUMBER PORTABLES, KAMIAKIN IS ONE OF THE OLDER SCHOOLS. BUILT IN 1974 AND EVERGREEN BUILT 1983. PICTURES. QUICKLY, LINE OF SIGHT.
>> YES, INSIDE THE BUILDING, IT'S HARD FOR THEM TO SEE SO STUDENTS BREAKOUT TO WORK ON IT PROJECT THEY CANNOT SEE OUT THERE. OR THE HALLWAYS, A PICTURE IN THE MILLWRIGHT, REALLY IS A LONG HALLWAY THAT HAS A HARD LINE OF SIGHT.
>> IS ALSO BECAUSE OF THE EXTERIOR COURTYARDS? THERE IS MORE DOORS THERE WILL
BE TYPICAL IN A SCHOOL. IT'S ALL THE DOORS. >> DESKTOP LEFT EAR.
YOU CAN SEE IS AN EXTERIOR HALLWAY WITH LOCKERS ON THE OUTSIDE AND EVERGREEN, TOP RIGHT IS ONE OF THE AGED PORTABLES AT EVERGREEN. MIDDLE RIGHT IS A LONG EXTENDED HALLWAY AT KAMIAKIN MIDDLE SCHOOL. THE LEFT IS ONE OF THE COURTYARDS AND AT EVERGREEN AND BOTTOM LEFT IS A COURTYARD AT KAMIAKIN.
AND GENERALLY THEY ARE JUST PLANTING THEY'RE NOT REALLY USED FOR STUDENT GATHERING.
BOTTOM RIGHT IS A ROW OF AGED PORTABLES. SO, THE ONE NEED A HIGH SCHOOL POOL, BACK IN 2020, 2019 ACTUALLY, 2019 AND 2020, -- PERFORMED AN ASSESSMENT ON THE POOL. IT WAS BUILT IN 1971. AT THAT TIME, NEEDS FOR THE POOL AND FIELDHOUSE WERE HVAC MECHANICAL POOL INFRASTRUCTURE, LOCKER ROOMS AND RESTROOMS, WINDOWS, CEILINGS, DOORS AND RAILINGS, SAFETY SYSTEMS, LIGHTING AND THERE WAS A POTENTIAL TO INCLUDE IN ENTRYWAY EXPANSION. MORGAN ENTRYWAY INTO THE FIELDHOUSE. WHEN THEY ENTER THE FIELDHOUSE, YOU ARE JUST RIGHT ON THE FLOOR AND SAME WITH THE POOL, HAS A SMALL LITTLE ENTRYWAY. THE PICTURES, THE TOP LEFT PICTURE IS THE SHOWER AT THE POOL. AND THEY'RE RIGHT, ON THE RIGHT IS THE POOL. AND THE POOL DECK. THE BOTTOM RIGHT IS THE POOL LOCKER ROOM AREA, AND THEN, PICTURED TO THE BOTTOM LEFT, JUST A REMINDER AS PART OF THE 2016 ONE NEED HIGH SCHOOL REBUILD AND PROJECT, WE WERE ABLE TO PAINT THE FIELDHOUSE.
AND SO, THAT'S THE FRESHLY PAINTED FIELDHOUSE. EMERSON HIGH SCHOOL, THE
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PROGRAMMING FOR THAT IS UP TO 20 CLASSROOMS AND 10 EARLY LEARNING CLASSROOMS, WITH THE STUDENT CAPACITY OF 600. THIS WOULD BE ON A REBUILD PROJECT.AGAIN, UP TO THREE STORIES, THE SITE, YOU CAN SEE THE ENTRANCE TO EMERSON THERE.
AND THE SITE PLAN OVER AERIAL IF YOU WILL, HAS A SEPARATE GYMNASIUM BY THE FIELD.
AND THE PLAN WOULD BE TO KEEP THE GYMNASIUM AND REBUILD THE ACTUAL MAIN BUILDING.
EMERSON WAS DESIGNED AS A CENTRAL OFFICE BUILDING. MOST OF THE PROGRAM SPACES WERE REPURPOSED SPACES, THE HVAC SYSTEMS AGAIN ARE PAST THEIR USEFUL LIFE.
A LIMITED NUMBER OF CLASSROOMS WITH NO SHARED STRUCTURAL AREAS AND INTERCONNECTED CLASSROOMS TO ACCESS YOU HAVE TO ENTER ONE ROOM TO GET TO ANOTHER. THEY DO HAVE SOME AGED PORTABLES TOO. THIS ORIGINAL BUILDING WAS BUILT IN 1983.
TOP LEFT PICTURE IS KIND OF AN AREA OUTSIDE IN THE HALLWAY WHERE THEY HAVE SMALL GROUP SPACE. THE TOP RIGHT IS A REPURPOSED AREA, SMALL CLASSROOM.
OUR MIDDLE LEFT IS ACTUALLY, THE COMMENTS, WHERE THEY ARE ALSO CHARGING LAPTOPS AND BOTTOM LEFT IS A SMALL, CRAMPED HALLWAY AND BOTTOM RIGHT IS A SMALL SERVER AREA.
>> THIS, AS PART OF OUR 2022 CONSTRUCTION LEVY, WE ALSO HAD ADDITIONAL HIGH SCHOOL CAPACITY ON THE WEST SIDE. SO, YOU KNOW, WE SHARED PREVIOUS TO THE SESSION, SITE 59 IS BEING BUILT ON THE EAST SIDE, THE WEST SIDE CAPACITY, WE ARE GOING TO REBUILD EXPAND AND LARGEST AGING FACILITY AS PART OF THAT PROJECT. AS BRIAN ALREADY SAID, THE BUILDING PROFILE WOULD BE AGAIN, 14 CLASSROOMS, TO SUPPORT EMERSON HIGH SCHOOL, FIVE CLASSROOMS TO SUPPORT EMERSON K-12, 10 CLASSROOMS TO SUPPORT EARLY LEARNING ON THE WEST SIDE. DO I NEED A KIRKLAND AREA AND THAT WILL FREE UP CAPACITY IN OUR ELEMENTARY SCHOOLS. AND THEN, THE CLASSROOM TO SUPPORT THE CURRENT INFANT TODDLER DAYCARE. AND SOME CONSIDERATIONS I WON'T READ, THERE ARE A LOT OF BULLET POINTS. WE DID SHARE THESE CONSIDERATIONS WITH THE BOARD LAST WEEK, BUT JUST AGAIN, HIGHLIGHTING THAT YOU KNOW, THE REBUILD AND EXPAND IT WOULD NOT CHANGE, IT REMAINS A CURRENT JIM REMAINS, WE'D BE LOOKING AT THE EDUCATIONAL PROGRAM AT EMERSON AND EMERSON K-12 TO ENSURE THAT PROGRAM IS EFFECTIVE FOR STUDENTS AND FISCALLY RESPONSIBLE. LOOKING AT FEASIBILITY YOU KNOW, THE DAYCARE, MAKING IT YEAR-ROUND AND CONTINUING FISCAL VIABILITY AND AGAIN, PRESCHOOL PROGRAMS WOULD TRANSITION TO THE EMERSON CAMPUS. AND THEN CONTINUE TO EVALUATE AND THE ICS PROGRAM AND CAMBRIDGE PROGRAM. IT IS ALL PART OF OUR WESTSIDE HIGH SCHOOL CAPACITY. SO, WITH THAT PROJECT, AGAIN, WE WOULD COMMUNICATE THAT TO THE COMMUNITY STAFF, THAT'S PART OF OUR WESTSIDE HIGH SCHOOL CAPACITY PROJECT AND THEN, SUPPORT SERVICES WILL DETERMINE THE DELIVERY METHOD SELECTED DESIGN TEAM AND TIMING
OF THE BEST TIME TO OPEN THE PROJECT. >> EMERSON CAMPUS IS SO UNIQUE AND THE POPULATION IS SO UNIQUE, THE EDUCATION PROCESS, BY EXPANDING THE NUMBER OF STUDENTS ON THE CAMPUS, WHAT WOULD BE THE IMPACT OF THE CURRENT STUDENT CULTURE, I GUESS YOU'D SAY. AND ON THE SURVEY WE DID, THEY SEEM TO HAVE THE MOST CONNECTEDNESS, IF YOU WILL. AND MOST UNITY OF SCHOOLS WE GET DOWN TO IT, WHICH IS
[00:20:04]
UNIQUE. THE NATURE OF THE CULTURE ITSELF.AND I UNDERSTAND THE REASON BUT I'M CONCERNED ABOUT THE IMPACT IT WILL HAVE ON THE INTENT AND THE WAY EDUCATION IS DELIVERED FOR THE STUDENTS IF YOU HAVE AN EXPANSION UNDER A COUPLE
HUNDRED OR SO KIDS. >> YEAH BUT EVEN BY EXPANDING, IT WOULD BE ONE OF OUR SMALLEST SCHOOLS IN THE DISTRICT. EMERSON HIGH SCHOOL HAS DECLINED ENROLLMENT SUBSTANTIALLY. OVER THE LAST OUT A NO, FIVE, SIX, SEVEN YEARS.
TO THE POINT WHERE TO MAINTAIN VIABILITY, WE ACTUALLY DO NEED TO FIGURE OUT YOU KNOW, HOW TO DO SOME BALANCING BETWEEN STUDENT ENROLLMENT AND OUR STAFFING SO THAT WHAT IS SO GREAT ABOUT EMERSON HIGH SCHOOL CAN BE MAINTAINED. AND THAT WILL BE AS WE WORK WITH PRINCIPAL JONES AND REALLY DO THINK ABOUT KIND OF RE-ENVISIONING EMERSON HIGH SCHOOL. IT ISN'T ABOUT GETTING RID OF EMERSON HIGH SCHOOL IT'S ABOUT THINKING WHAT MAKES IT UNIQUE, HOW DOES IT OFFER SUPPORT FOR STUDENTS, AND HOW DO WE EXPAND THAT SO THAT MORE STUDENTS, BECAUSE WE KNOW WE HAVE ADDITIONAL STUDENTS IN THE DISTRICT THAT WILL BENEFIT FROM THAT. SO, DOING SOME WORK.
>> IS A LIMITED NUMBER HAVING BEEN THROUGH A COUPLE OF TIMES, ONLY A LIMITED NUMBER OF STAFF
WHEN YOU COME DOWN TO IS FAR LESS NUMBER OF TEACHERS. >> WE HAVE ABOUT 10 FTE AT
EMERSON WITH ABOUT 50 STUDENTS RIGHT NOW. >> AND FTES ARE BETWEEN
ADMINISTERS AND TEACHERS? >> THAT IS JUST TEACHING STAFF. >> THANK YOU.
>> THANK YOU. >> YEAH, AND I'M TRYING TO UNDERSTAND, ARE THESE, ARE THESE POINTS THINGS THAT ARE CONFIRMED OR HAS THERE BEEN, I SEE THE POINT IN HERE'S A COMMUNICATION. DO WE EVEN KNOW THAT THESE ARE REALISTIC THINGS TO MARK! OF YOU KNOW, THINKING ABOUT EMERSON AND WHAT MAKES IT UNIQUE.
WOULD IT STILL BE, IS IT POSSIBLE TO EXPAND WITH THE STUDENTS, HAS THIS BEEN
DISCUSSED, THAT'S WHAT I'M ASKING. >> WE MET WITH PRINCIPAL JONES LAST WEEK. SHE WAS KIND OF EXCITED ABOUT THE OPPORTUNITY.
IS IT POSSIBLE? I THINK ABSOLUTELY. IT'S ALWAYS ABOUT MARKETING THE PROGRAM, YOU KNOW, SELECTING MAY BE AN EDUCATIONAL DESIGN THAT RESONATES WITH MORE STUDENTS. BUT ALSO, MAKING SURE THAT WE PROVIDE THAT SUPPORT THE STUDENTS THAT ARE THERE CURRENTLY ARE RECEIVING.I THINK I DON'T KNOW IF YOUR QUESTION WAS ALSO ABOUT EMERSON K-12, HISTORICALLY, THE FTE STUDENT FTE AT EMERSON I BELIEVE WAS NORTH OF 200 STUDENTS. I DON'T KNOW WHAT WE ARE TODAY
BUT -- >> RIGHT AROUND HALF. >> ABOUT HALF THAT.
AGAIN, IS TRYING TO MAINTAIN PROGRAMS THAT HAVE BEEN SUCCESSFUL OVER THE YEARS.
WHILE ALSO MAKING SURE THAT THEIR FISCAL VIABILITY, IN PLACE AS WELL.
>> WHAT IS THE TIMING FOR THE CONSTRUCTION WORK AND EVERYTHING?
IT -- >> TIMING IS OPEN. >> NOT ALL OPEN.
>> I THINK 2027 WAS INITIALLY WHEN WE PLAN OR 2026, IS WHEN WE PLANNED THAT.
REALLY, WE GOT TO DO NEXT BRIAN AND HIS TEAM, HAVE TO START -- >> 26?
>> OR 27. BRIAN AND HIS TEAM WILL NEED, THEY HAVE TO SELECT THE DESIGN TEAM, AND START WORK ON IT AND THEN, THAT CAN INFORM THE BEST YOU KNOW, TIMING.
>> AND THE TARGETED KICKOFF FOR CONSTRUCTION WOULD BE? >> GO AHEAD, BRIAN.
>> IT WOULD DEPEND ON WHEN THE TARGET OPENING CLEARLY IF IT OPENED IN 2027, THE FALL OF 2027, IT WOULD CONSTRUCTION WOULDN'T HAPPEN ROUGHLY, 12 TO 18 MONTHS AHEAD.
>> THANK YOU. >> ONE MORE QUESTION. THERE WAS EARLIER LEARNING THAT
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THIS WOULD PROVIDE FOR. WITH THE IDEA BE THAT WOULD FREE UP, THINK OF ALREADY SAID THIS ACTUALLY. IT WOULD FREE UP K THROUGH FIVE SPACE.>> SO, THE LONG-TERM PLAN WAS TO HAVE MULTIPLE EARLY LEARNING SITES, AND ACROSS THE DISTRICT.
CURRENTLY, OUR EARLY LEARNING IS MORE IN THE MONETA AREA. I DON'T BELIEVE WE HAVE ANY EARLY LEARNING IN THE KIRKLAND KIND OF ROSE HILL CORRIDOR. AND SO, THIS WOULD BE OPENING NIGHT AND THEN WE WOULD WORK WITH OUR EARLY LEARNING TEAM TO DETERMINE BEST PLACEMENT AND IT ALSO WOULD ALLOW US TO IF WE NEEDED, CAPACITY AT THE ELEMENTARY SCHOOLS IN WANITA WHICH MORE THAN LIKELY, WE WILL. TO FREE UP SPACE THERE WITHOUT NEEDING TO ADD PORTABLES, REDUCE STANDARD OF SERVICE, OR DO ADDITIONS.
>> GREAT. >> LASTING, CAN YOU GO TO THE NEXT SLIDE?
ARE WE THERE NOW? >> WELL, QUESTIONS, THEN ONTO FUNDING.
>> I HAVE ANOTHER QUESTION ABOUT EMERSON. FOR THE EAST SIDE OF THE DISTRICT, WE HAVE DONE A FAIR AMOUNT OF COMMUNITY ENGAGEMENT AROUND PROGRAMMING WITH THE COMMUNITY THANKS WOULD FIT FOR THEIR NEEDS. I'M WONDERING, IT KIND OF LOOKS LIKE IT'S A READY BEEN DECIDED FOR THE WEST SIDE, HAS THERE BEEN COMMUNITY OUTREACH AND NOTIFICATION, AND IS THE SAME PROCESS GOING HAPPEN ON THE WEST SIDE AS THE EAST SIDE?
>> IT WILL BE SLIGHTLY DIFFERENT. THERE REALLY ISN'T QUOTE UNQUOTE PROGRAM DESIGN YET. WE KNOW THERE ARE SOME STRONG THINGS THAT ARE OCCURRING AT EMERSON AND THE ENGAGEMENT WILL BE AROUND HOW DO WE CAPITALIZE ON THOSE? BUT ALSO, WHAT DOES THE NEXT PHASE OF EMERSON LOOK LIKE? AND SO, THAT REALLY IS ENGAGEMENT THAT WILL OCCUR IN WORKING WITH THE STUDENTS AND FAMILIES THAT ARE THERE RIGHT NOW. BUT ALSO, THE STUDENTS AND FAMILIES IN THE REGION.
>> ARE THESE NEW? >> IT WAS SEEN -- START HAVING ENGAGEMENT COMMITTEE.
IT WOULD SEEM LIKE ALMOST PRE-COMMUNITY ENGAGEMENT WOULD BE PARENTS, THE CURRENT STUDENTS, GET THEIR FEEL AND WHAT IMPACT WOULD BE OTHER STUDENTS AND TO REALLY GIVE US A FEEL FOR THE IMPACT ON THOSE KIDS. IS THAT PLANNED?
>> SO, DOCTOR LIVINGSTON AND PRINCIPAL JONES, THEY WILL DESIGN THE PROCESS, BUT I THINK IT IS THE IMPACT BUT ALSO THE OPPORTUNITY. I DON'T THINK WELCOMING NEW STUDENTS TO CAMPUS SHOULD BE VIEWED AS A NEGATIVE. FOR OUR STUDENTS ARE PRESENTLY THERE. AND SO, TO ME, THIS IS ABOUT CREATING MORE OPPORTUNITY FOR OUR STUDENTS, VERSUS THINKING THAT THERE WILL BE A NEGATIVE IMPACT.
I DO AGREE THAT TALKING WITH OUR CURRENT FAMILIES AND STUDENTS IS AN ESSENTIAL PART OF THIS. BUT ANY TIME WE GO ABOUT DOING SOMETHING LIKE THIS, IT IS REALLY TO ENHANCE THE OPPORTUNITIES FOR OUR STUDENTS. BOTH PRESENT AND IN THE FUTURE.
>> I'M JUST THINKING BY ENGAGING WITH THOSE PARENT EARLY ON, IT COULD ALMOST BE THE AMBASSADORS WITH THE COMMUNITY IN A LOT OF WAYS. THEY COULD STIFLE ANY KIND OF NEGATIVITY THAT MIGHT COME OUT, ESPECIALLY PARENTS OF STUDENTS WHO ARE THINKING ABOUT EMERSON
IN THE NEAR FUTURE. >> A QUESTION AROUND EXPANDING CAMBRIDGE.
WOULD THAT BE AT WHEN EITHER OR WOULD THAT BE LOOKING TO RELOCATE SOMEWHERE ELSE?
>> YES SO, WHEN DOCTOR TRACY PIERCE WAS SUPERINTENDENT HERE IN THE DISTRICT, ONE OF THE INTENTIONS SHE HAD WAS TO EVALUATE THE EXPANSION OF CAMBRIDGE AT WANITA HIGH SCHOOL. I BELIEVE WE CURRENTLY SERVE 90 STUDENTS AT WANITA HIGH SCHOOL.
AND TO EXPAND CAMBRIDGE, THERE'S A PERCENT OF STUDENTS THAT YOU HAVE TO ADD TO ALONG WITH THE PROGRAM MODEL SO THAT IT FITS WITHIN THE MASTER SCHEDULE AND ALL OF THOSE PIECES. AND SO, THAT IS SOMETHING WE'VE INTENDED TO DO SO WILL DO THAT EVALUATION IN THE COMING YEARS. IT ISN'T ABOUT EXPANDING IT BEYOND WANITA HIGH SCHOOL.
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ALSO WORK BEING DONE WITH INTERNATIONAL COMMUNITY SCHOOL. I NEED TO ASK ABOUT THAT BUT I FIGURED I'D ADDRESS THAT AS WELL. JUST KNOWING THAT AGAIN, SCHOOL WITH A LONG HISTORY AND GREAT REPUTATION, THEY HAVE OVER THE YEARS, HAVE STARTED TO EXPERIENCE WHERE INCOMING SIXTH-GRADERS WOULD KIND OF DWINDLE OFF OVER TIME.THEY SAW KIND OF A LARGER THAN EXPECTED EXODUS BETWEEN EIGHTH AND NINTH GRADE.
IN THE GRADUATING CLASSES AT ICS, WERE STARTING TO SEE YOU KNOW, BETWEEN 30 AND 40.
IT IS ABOUT 25 TO 30 STUDENTS LESS THAN IT SHOULD BE. AND SO, THAT TEAM, THEY BEEN THINKING ABOUT THIS OVER THE LAST COUPLE OF YEARS. WHAT DO WE DO TO MAKE SURE THAT OUR PROGRAM IS VIABLE FOR OUR HIGH SCHOOL STUDENTS, AND THAT'S WHERE IT IS ONGOING RIGHT NOW BECAUSE WE KNOW WE HAVE ABOUT 90 LESS HIGH SCHOOL STUDENTS ON THAT CAMPUS THEN WE SHOULD RIGHT NOW. AND SO, THEIR OVERALL, THE NUMBER FOR THE CAMPUS, THEIR MEETING THE TARGET BY INFLATING THEIR NUMBERS. AND SO, THAT'S WHERE IT IS
ONGOING AS WELL. >> SORRY, ONE MORE QUESTION. HIS FUTURE STILL AT WANITA AS
WELL? >> YES. >> AND SO THEN, SORRY, IF THEY'RE BOTH ON THE CAMPUS THEN IT'S NOT REALLY EXTENDING CAPACITIES UTILIZING MORE
EFFICIENTLY OR DIFFERENTLY? >> CABBAGES OPEN TO ANY HIGH SCHOOL STUDENT IN THE DISTRICT.
AND SO, WHILE OPENING MORE SEATS IN CAMBRIDGE, YOU'D PROBABLY SEE ADDITIONAL WANITA HIGH SCHOOL STUDENTS, BUT WE ALSO SEE STUDENTS FROM BOTH WASHINGTON AND REDMOND, NOT A TON FROM EAST LAKE PLAN, JUST GIVEN DISTANCE BUT WE KNOW THAT WOULD I GUESS, REDUCE STUDENT ENROLLMENT AT OUR OTHER SCHOOLS AS WELL BY EXPANDING CAPACITY FOR THE LOTTERY.
NOT ONE FOR ONE. EXPANSION OF CAPACITY. YOU HAD 90 SEATS IN CAMBRIDGE, YOU'RE NOT GOING TO SEE THE CAPACITY EXPANSION BUT SOMEWHERE IN THERE, YOU'LL SEE
AN EXPANSION. >> THE FUTURE SCHOOLS ACTUALLY STILL AN ENTITY? BEEN HEARING COMMENTS FROM PARENTS AND THE COMMUNITY LEADERS THAT THE CLASSROOMS THAT WERE TYPICALLY IN THE FUTURE SCHOOL, DON'T EXIST ANYMORE AND THEY BLENDED INTO
THE REST OF THE POPULATION. IS THAT CORRECT OR WHAT? >> THAT HAVE THE CHECK IF THERE WERE STUDENTS THAT SIGNED UP FOR FUTURES, BUT AS OF RIGHT NOW, WE'RE STILL PROVIDING
STAFFING FOR FUTURES. SO. >> OKAY.
>> OKAY, ALL RIGHT. THE NEXT SECTION THAT WE ARE GOING TO GO THROUGH SOME SLIDES ABOUT FUNDING AND THEN, AS JOHN EXPLAINED, SOME CHARTING EXERCISE.
I JUST WANT TO BRING US TO THIS SLIDE THAT I SHOULD OF BEGINNING.
KIND OF WHAT WAS ORIGINAL PLAN AND WE KNOW THAT I'VE HIGHLIGHTED TWO AREAS IN BLUE THAT WE ALREADY MADE SOME, DECIDED AND MAKE SOME CHANGES ON SO THAT VERY TOP BLUE SECTION IS WHERE WE REBUILD AND A LARGE ROCK WALL. THAT WAS REPURPOSED IN PLACE OF THE REDMOND ELEMENTARY AREA PROJECT. AND THEN, THE OTHER THAT WE JUST TALKED ABOUT IS THE EARLY LEARNING PROJECT IS INCLUDED WITH EMERSON CAMPUS.
AGING FACILITY PROJECT. THOSE ARE TWO CHANGES. AND THEN, I'M GOING TO BRING IN SOME RED STRIKETHROUGH IS WHERE THE CHANGES AGAIN, I TALKED ABOUT THE ELEMENTARY CAPACITY IN THE REDMOND AREA, WE REPLACE THAT WITH ROCKWELL. THESE ARE CHANGES WE MADE THAT NO LONGER MAKES SENSE TO THE PATTERNS AND WE TALKED ABOUT THESE IN PREVIOUS STUDY SESSIONS. THE FIFTH END OF HIGH SCHOOL, AGAIN, NEW ELEMENTARY SCHOOL IN THE LAKE WASHINGTON AREA, EXPANDING CONTINUING BEYOND WHAT WE ARE ALREADY DOING THE WEST SIDE AND HE SAID THE CONTINUING EXPANSION OF HIGH SCHOOL CAPACITY.
AND THEN, ADDITIONAL ELEMENTARY SCHOOLS RIGHT NOW OUR PRODUCTIONS AREN'T SHOWING THAT THOSE ARE NEEDED AT THIS TIME. AND SO, REALLY, WHAT THAT LEAVES US WITH IS OUR
[00:35:04]
RECOMMENDATION KIND OF FOR THE NEXT PHASE IS PRIMARILY GOING TO FOCUS ON AGING FACILITIES.SO, LISTING THEM IN THIS TABLE, YOU CAN SEE AS BRIAN WENT THROUGH, ALCOTT AND SMITH, AND KAMIAKIN AND EVERGREEN IN THE POOL AND ONE OF THE HIGH SCHOOL POOL AND FIELDHOUSE.
IN THIS TABLE, WE LISTED POTENTIAL OPENING YEARS FOR THESE PROJECTS.
AND THEN, THAT WAS REALLY, THERE'S A COUPLE OF THINGS THOSE ARE BASED ON COUNTERPARTY DUE TO THE AGING, THE AGE OF THE SCHOOL. AND THE NEEDS OF THOSE YOU KNOW, CAMPUSES. AND THEN, ALSO KIND OF THE CASH FLOW BECAUSE YOU CAN ONLY BUILD THEM AS FAST AS ONE THAT WE HAVE THE CASH AVAILABLE AND TWO, WE ALSO CAN'T OPEN FIVE SCHOOLS IN ONE YEAR WITHOUT YOU KNOW, TRIPLING THE NUMBER OF STAFF THAT WE HAVE.
SO, IT'S ALSO MANY SCHOOLS COMING OPEN IN A REASONABLE TIMEFRAME WITH THE STAFF WE HAVE. THE COST COLUMN TO THE RIGHT, THOSE ARE REALLY ESCALATED, THEIR CURRENT ESTIMATES, ESCALATED TO THE OTHER OPEN, IT IS HIRE ANOTHER ESCALATED, BUT PART OF WHAT MORE WE ARE DOING THE PREDESIGNED WORK IS SO THAT WE HAVE A BETTER IDEA OF WHAT THE COSTS ARE. SO WE CAN FINALIZE THOSE BY EARLY SPRING.
THAT WORK IS GOING ON RIGHT NOW. JUST SOME OTHER, THEN SO, TOTALING PROJECTS AND LIKE WE DID IN 2022 LEVY, WE ADD PROGRAM CONTINGENCY, CONSTRUCTION ESCALATION, IN CASE WE STILL ARE IN A HIGH INFLATION PERIOD, SO IT IS IMPORTANT THAT WE ADD THOSE CONTINGENCIES IN CASE THINGS CHANGE OR WE AGAIN, THERE ARE SITE CONDITIONS THAT COULD BE UNEXPECTED SO IT JUST DEPENDS ON THAT.
I WILL SAY THAT KAMIAKIN PRODUCT DOES ASSUME WE REPLACE THE GYM, THERE IS IN THE PLANNING, THEY'LL BE LOOKING AT SAVINGS, IF YOU WANT TO RETAIN THE CURRENT GYM ON THE
PROPERTY. >> SORRY BUT THE CURRENT MEASURE FOR AN AQUATIC CENTER AND COMMUNITY CENTER, I DON'T KNOW THE TIMELINE, IF APPROVED, BUT WITH THE TIME AND HAVE AN IMPACT ON WHAT WE WILL TALK ABOUT DOING TARGETING WANITA? BECAUSE IT SEEMED LIKE, IF WE COULD HOLD OFF UNTIL A FACILITY IS AVAILABLE, I DON'T KNOW IF THAT IS EVEN DESIRABLE TO BE QUITE FRANK WITH MATERIALS IN THE FACILITY. BUT THAT WAY, YOUR CAPACITY IN THE COMMUNITY REPLACE EACH OTHER IF YOU WILL, KIND OF A TAGTEAM SO THEY WOULDN'T BE
WITHOUT A PULL AT ANY GIVEN TIME. >> AND OTHER GOING OUT FUNDING IN 2023. 2023. THEIR DESIGN IS REALLY RELATED TO A REC CENTER AND A POOL. AND SO, IT'S REALLY TO SERVICE MORE COMMUNITY, AS OPPOSED TO
THE CURRENT COMMUNITY THAT IS UTILIZING THE WANITA POOL. >> IN THIS, THE POOL AND
FIELDHOUSE UPGRADE DOESN'T TAKE OUR POOL OFF-LINE. >> IT ACTUALLY WOULD AT SOME
POINT, YET. >> FOR A LONG DURATION OF TIME? I THINK THAT'S THE QUESTION.
>> PROBABLY SIX MONTHS. >> OKAY. >> I BELIEVE THAT THE PROJECT
FOR KIRKLAND PARK IS NOT INTENDED TO REPLACE PEER. >> WASHINGTON HIGH SCHOOL, IT
ACTUALLY -- LIKE WASHINGTON HIGH SCHOOL. >> I SEE, YES.
OKAY SO, NEXT, I'LL GO OVER JUST KIND OF WHAT ARE SOME OF THE FUNDING STRATEGIES RELATED TO HOW DO WE FUND THESE AGING FACILITIES? SO, REMINDER, I JUST WANT TO BRING THIS SLIDE BACK. THIS IS A SLIDE THAT OUR ORIGINAL BUILDING EXCELLENCE PLAN. SO, THIS WAS HOW WE DO EACH PHASE OF THE PROJECT, THE THREE PHASE, THREE STEPS. AND SO, THE ORIGINAL PLAN WAS THE CURRENT TAX RATE IN 21 WAS $1.15. THE CONSTRUCTION LEVY THAT WAS PASSED IN FEBRUARY 22, BROUGHT
[00:40:04]
THE RATE TO $1.27. AND THEN, THE BOND CONTINUED THE SAME RATE, THEN IT WOULDN'T UNTIL THE RENEWAL OF THE 2028 CONSTRUCTION LEVY, THAT THE RATE WOULD GO TO $1.42.AGAIN, ABOUT A $0.12 INCREASE. THEN A $0.15 INCREASE WITH THE THIRD PHASE.
AND THAT WAS KIND OF THE ORIGINAL ANAGRAM GOING TO SHOW YOU ADDITIONAL SCENARIOS, EVEN THOUGH I HAVE, I'VE HELD CONSISTEN2022 AB. WE ARE EXPECTING IT TO DECREASE AND I DON'T KNOW THOSE MIGHT OFFSET EACH OTHER. WHAT HE DIDN'T WANT TO DO IS START CHANGING RATES THEN THEY WILL CHANGE AGAIN ONCE WE GET TO 24.ND SO, I JUST FOLDING EVERYTHING TO 2022 RATES. OKAY SO, I'M GOING TO SHOW YOU THREE FUNDING STRATEGIES.
STRATEGY A IS A BOND STRATEGY. THEN LEVY WITH A LEVEL RATE. THEN I'LL SHOW YOU HOW THOSE PROJECTS GET COMPLETED. AND THEN, STRATEGY B IS A LEVY STRATEGY WITH LEVEL RATE.
IN STRATEGY C IS ALSO LEVY STRATEGY BUT THE RATE INCREASES.
AND AGAIN, SHOW HOW THAT IMPACTS THE PROJECT COMPLETION. >> AND SO, ATTEMPTING TO REDUCE THE VARIABLES THAT WERE THINKING ABOUT HERE, THE ASSUMPTION IS FOR THESE FUNDING STRATEGIES THAT ARE AGING FACILITIES. BEING FUNDED.
AND IN THAT, THESE ARE THREE DIFFERENT WAYS TO PACKAGE FUNDING.
WE DON'T SAY THAT IN THE NEXT COUPLE SLIDES, SO WANT TO MAKE SURE WE SEE FUNDING STRATEGY, IT IS ALL TARGETING THE 611 MILLION TOTAL COST FOR THE AGING FACILITY PROJECTS.
>> YES. SO, THIS SLIDE IS FUNDING STRATEGY WHAT WE ARE CALLING FUNDING STRATEGY A. IT IS A BOND IN 2024 FOR 612 MILLION.
AND THEN, THE LEVY RENEWAL IN 2028, AND SO, WHICH IS RENEWED FOR AN AVERAGE OF ABOUT 94 MILLION A YEAR. THAT MAINTAINS A LEVEL RATE. THE ASSUMPTIONS ARE THAT BOND SALES, ONCE YOU HAVE A BOND IN 2024 AND THEN ISSUE THOSE BONDS BETWEEN 25 AND 27.
AND THEN, GIVES YOU THE ABILITY TO OPEN THE AGING FACILITY PROJECTS BETWEEN 26 AND 28.
THEN I'LL GO TO FUNDING STRATEGY B WHICH IS A LEVY STRATEGY.
AND SO, AGAIN, FOR PURPOSES OF SCENARIO, WE HELD THE TAX RATE LEVEL.
IN ORDER TO DO THAT, IN ORDER TO KEEP A LEVEL TAX RATE, THE FIRST LEVY WILL BE ONLY $409 MILLION COLLECTION. THAT RANGES ANYWHERE FROM 10 TO 131 PER YEAR.
AND THEN, YOU RENEW THE SIX YEAR LEVY AND 2030. AND THAT IS AT AN AVERAGE OF ABOUT 163 MILLION PER YEAR. AGAIN, IN LEVEL RATE, YOU ARE COLLECTING FUNDS OVER SIX YEARS FROM 2026 UNTIL 2031. NOT ALL PRODUCTS WOULD BE ABLE TO BE COMPLETED.
YOU BE ABLE TO COMPLETE $409 MILLION WORTH OF PROJECTS. YOU HAVE TO PASS THE NEXT LEVY AND THEN CONNIE COMPLETE THE REST OF THE PROJECT.ROJECTS OPEN BETWEEN 2028 AND 2033.
DO YOU WANT TO GET TO C OR DO YOU WANT A QUESTION ON THIS? [INAUDIBLE]
OKAY. >> IS IT FAIR TO SAY THAT THE STRATEGY ROUGHLY HALF OF THE PROJECTS, WOULD BE BUILT WITH THE FIRST PHASE AND AFTER THE SECOND?
>> IT DEPENDS ON WHICH PROJECTS. >> ABOUT 4/6. [LAUGHTER]
>> THERE ARE PROJECTS, TOO ELEMENTARY, TO MIDDLE AND ONE POOL PURITY COULD DO THE POOL
[00:45:02]
AND ONE ELEMENTARY, ONE MIDDLE AND THEN HAVE TO WAIT ON THE REST.OKAY, LET ME KEEP GOING. FUNDING STRATEGY C PEER TO PROVIDE MORE DETAIL BECAUSE THIS GETS YOU WHAT WE DID IS, IF WE BROUGHT IN THE SAME LEVEL DOLLAR AMOUNT, 102 MILLION PER YEAR FOR SIX YEARS TO GET US 612 MILLION, REGARDLESS OF TAX RATE.
AND THEN, YOU RENEW ANOTHER LEVY IN SIX YEARS IN 2030. WHEN YOU CAN SEE FROM THE TABLE, THAT GIVES US AGAIN, THE SAME DOLLARS RECEIVED IN THE SAME TIMELINE AS THE BOND.
AS YOU CAN SEE IN THE TABLE, THE RATE VARIES, IT HIGH RATE IN THE FIRST YEAR 2025.
IT T INCREASES BY AND IMPACTS RATE BY 1000, ON THE RIGHT IS JUST THE CHANGE IN WHAT IT WILL COST AN INDIVIDUAL HOMEOWNER. IT WOULD COST AN INDIVIDUAL HOMEOWNER 1070.
THEN, THE RATE GOES DOWN $0.16, NEXT YEAR GOES DOWN $0.18, SEVEN CENTS, $0.56 AND $0.26.
THOSE ARE THE CHANGES OVER TIME. YES.
[INAUDIBLE] >> SURE. SO, YEAH.
IT'S RELATIVE. WHAT I'M DOING LAST COLUMN, THE CHANGE TO THE PRIOR YEAR IS NOT COMPARING TO THE $1.27. SO, THAT IS WHAT WE CAN DO, WE CAN ADD A DIFFERENT COLUMN AND
SHOW HOW IT COMPARES TO $1.27. AND THEN, GO AHEAD, JOHN. >> IT WOULD BE ABOUT 2030 WHEN
WE WOULD REACH THE CURRENT TAX RATE AGAIN. >> YEAH.
>> OKAY. >> I MEAN, 20 TRON IS A DOLLAR 27 SAYS THAT IS $1.37.
BETWEEN 29 AND 30. AGAIN, THIS, YOUR COLLECTING FUNDS OVER RS.
BUT THE PROJECT WOULD OPEN BETWEEN 26 6 AND 2030. EVEN THOUGH YOUR CASH FLOW IS THE SAME AS BOND, WE ARE ABLE TO SELL MORE BONDS YOU KNOW, BONDS OVER A THREE-YEAR PERIOD WHEREWITH THE LEVY WILL BE SIX YEARS AND SO, IT DELAYS ONE OF THE PROJECTS UNTIL ANOTHER YEAR OR TWO. AND I'VE GOT A SLIDE THAT SHOWS THAT.
THOSE ARE THE THREE FUNDING STRATEGIES AND THIS IS A SUMMARY.
GO AHEAD. >> COULD YOU CLARIFY? BETWEEN THE PLANS, YOUR PHASE 2 PROJECT OPEN TIMES SHIFT BETWEEN 2026, STARTING 2020 AND THEN 2026 AGAIN.
WHY IS IT DIFFERENT BETWEEN STRATEGY B AND STRATEGY C AND THE LEVEES?
>> I'LL EXPLAIN. SO, IT'S BECAUSE OF HOW THE MONEY IS BEING COLLECTED.
SO, LET ME SHOW THIS AND THEN I'LL SHOW YOU THE CASH FLOW MIGHT HELP EXPLAIN IT.
THIS SLIDE IS KIND OF ANOTHER COMPARISON BY PROJECT. OF THE THREE STRATEGIES, IT JUST SHOWS YOU IF THE PROJECTS ARE BUILT IN THIS ORDER, YOU KNOW, ALCOTT, THE FIELDHOUSE, KAMIAKIN, MY GOODNESS I SHOULD TO EVERGREEN! I APOLOGIZE, FIX THAT.
IT'S ALCOTT, JUANITA, KAMIAKIN AND SMITH. IF THERE BUILT IN THE ORDER STRATEGY A WOULD OPEN ALCOTT AND THE POOL AND DO THAT WORK AND 26.
KAMIAKIN 27 AND EVERGREEN AND SMITH IN 28. STRATEGY B THE SAME PROJECTS, YOU WILL BE ABLE TO START UNTIL 29. AND THEN, KAMIAKIN AT 31, EVERGREEN 32 AND SMITH 33. STRATEGY C, AGAIN, YOU CAN DO ALL OF THE PROJECTS UP UNTIL THE LAST YEAR. YOU WOULD HAVE TO DELAY THAT LAST TWO ANOTHER YEAR.
JUST BECAUSE OF HOW THEY LEVY FUNDS COME IN A LITTLE BIT DIFFERENTLY THAN THE BOND.
ASHLEY THE NEXT SLIDE ON THE CASH FLOW. THERE IS A LOT OF NUMBERS ON THE SLIDE. BUT THIS, LET ME GET MY POINTER.
[00:50:01]
THE FIRST TWO, THE FIRST ROW, SHOWS YOU, HERE'S A BOND. IF WE DO A BOND STRATEGY, YOU CAN SELL 200 MILLION, THE SUBSTANCE OF $200 MILLION IN EACH BOND SALE.WOULD HAVE THREE BOND SALES AND THEN, WE HAVE 612 MILLION BY 2027.
THEN WE GO INTO THE LEVY STRATEGY NEXT AND TO KEEP THE TAX RATE LEVEL, YOU WOULD HAVE THESE DIFFERENT LEVY AMOUNTS. AND SO, BY 2032, YOU HAVE 955 MILLION.
THEN STRATEGY B, THE LEVEL TAX RATE, KEEPING THE TAX RATE LEVEL.
WHAT YOU CAN SEE, IN ORDER TO KEEP THE TAX RATE LEVEL, WE CAN ONLY LEVY $10 MILLION IN THE FIRST YEAR. WITH BONDS YOU ARE PAYING THOSE BACK OVER 20 YEARS, AND SO, THE IMPACT THE TAX RATE IS DIVIDED BY 20 YEARS. WITH THE LEVY, THE IMPACT IS THAT YEAR. THE FIRST YEAR, WE CAN COLLECT 10 MILLION, THEN 25 MILLION, THEN 29, THEN YOU CAN START GETTING BIGGER NUMBERS AS OTHER OLD BONDS ARE PAID OFF.
THAT THIS WOULD BE SIX YEARS, WE WOULD RECEIVE 408 MILLION. THAT'S WHY YOU CAN'T BUILD ALL THE PROJECTS IMMEDIATELY. AND THEN, THE STRATEGY, THE REASON EVEN THOUGH IT COLLECTING 612 MILLION, WE ARE DOING AN EVEN AMOUNT OVER SIX YEARS.
BUT IT TAKES US WITH THE BOND, YOUR SELLING BONDS AND HAVING ALL THE CASH BY 2027 WITH THE LEVY YOU WILL GET ALL THE CASH UNTIL 2030. SO IT DELAYS THE LAST PROJECTS.
AND THEN, I DIDN'T ESTIMATE, I DIDN'T GO OUT AND ESTIMATE THE NEXT YOU KNOW, THE NEXT RENEWAL LEVY. BECAUSE IT DEPENDS ON WHAT YOU WHAT THE TAX RATE TO BE.
>> MARK AND DEREK. >> MARK AND ERIC. >> WHETHER OR NOT WE CAN ACCOMPLISH THE 50 PERCENT THRESHOLD ON A BOND, HOUDINI. DO WE KNOW, OR HAVE WE, DO WE HAVE ANY SENSE OF WHAT OTHER ENTITIES IN OUR REGION, ESPECIALLY THE HOSPITALS OR WHATEVER, GOING TO BE RUNNING BOND PROJECT AT THE SAME TIME? I ENVISION, IT'S AN UPHILL BATTLE ANYWAY, THEIR MULTIPLE BONDS AT THE SAME TIME. IT'S REALLY, GOING TO BE A
HIGHER CLIMB, IT WILL BE AN ELEVATOR. >> THERE ARE SCHOOL DISTRICTS RUNNING BOND ELECTIONS, SOME ARE PASSING AND SOME ARE NOT. BUT YOUR QUESTION IS, WHO IS
CONSTRUCTING BUILDINGS, OR SO WHAT'S -- >> MY QUESTION, AND THE
KIRKLAND -- >> I'M SORRY, OKAY. I'M NOT AWARE RIGHT NOW OF OTHERS RUNNING BONDS IN OUR AREA. THAT DOESN'T MEAN THEY'RE NOT HAVING SIMILAR PLANNING CONVERSATIONS BUT I AM NOT AWARE.
>> STRATEGY, IF YOU WERE TO HAVE THAT GOING UNTIL 2040, WOULD IT BE A SIMILAR PATTERN THEN HOW MUCH, KEEPING A LEVEL RATE, HOW MUCH MONEY CAME IN EACH YEAR?
>> YEAH, IT WOULD CONTINUE TO GROW BY OUR YOU KNOW, VALUATION.
IN STRATEGY B. >> IT SEEMS LIKE WE ARE EYEBALLING.
LOOKS LIKE IT WILL LEVEL OFF. I GUESS IT'S THE AB GROWTH. >> YES, REALLY AT THIS NUMBER THEN IT GROWS, THE ASSUMPTIONS ARE FIVE PERCENT. IT GROWS BY FIVE PERCENT PER
>> I'M SORRY, WE HAVE TO DROP IT, ONE NEXT YEAR BECAUSE WE HAVE SOME BONDS WITHIN THE YEAR AFTER THAT IT JUMPS UP TO 153 THEN GOES UP BY A B. THE ESTIMATES FOR CONSTRUCTION COST
FOR THE SCHOOLS. WHAT WERE THE DOLLARS? >> THEY WERE BASED ON CUNDIFF, 2024 ASSUMPTIONS. AND THEN, WE INFLATED THEM TO THE OPENING EUROPEAN WITH EIGHT PERCENT CONSTRUCTION ESCALATION.AND THAT, THOSE ARE ESTIMATES.
[00:55:01]
WE PREPARED KIND OF WHAT THE LAST, 2022 CONSTRUCTION LEVY AS WELL.THAT'S WHY IT IS IMPORTANT TO DO OUR PREDESIGNED WORK NOW. SO WE CAN KIND OF CONFIRM THOSE
ESTIMATES.> THANK YOU. >> REAL QUICK. THE FUNDING MECHANISM AND
EMERSON DOESN'T APPEAR IN HERE. IS IT FROM PRIOR MONEY THEN? >> AS PART OF THE 2022
CONSTRUCTION. >> SO, MY QUESTION IS ABOUT, WHAT IS THE DISTRICTS CAPACITY FOR CONSTRUCTION PROJECTS? I KNOW WE HAVE THIS LIST RIGHT NOW.
WE ARE CURRENTLY, WE HAVE THREE OPEN PROJECTS, IS THAT CORRECT? 59 ROCKWELL --
>> AND MIDDLE SCHOOL. >> THREE MIDDLE SCHOOL ADDITIONS.
>> THREE MIDDLE SCHOOL ADDITIONS RIGHT NOW THAT ARE SIMULTANEOUS WE TALK ABOUT THE WESTSIDE HIGH SCHOOL. I'M CURIOUS, WHAT IS THE THRESHOLD FOR US TO SAY, IF WE HAVE THE MONEY, IF MONEY WASN'T A PROBLEM, IF WE HAD THE MONEY, WE ACTUALLY COULDN'T START A CONSTRUCTION PROJECT BECAUSE WE DON'T HAVE THE CAPACITY TO OPEN ANOTHER SCHOOL OR REMODEL ANOTHER SCHOOL OR ANOTHER PROGRAM BECAUSE I'M CURIOUS, WE'RE TALKING ABOUT HAVING TO POTENTIALLY PUSH OUT SOME OF THESE BUILDS, BASED OFF OF WHEN LEVY DOLLARS COME IN.
BUT DOES IT ACTUALLY MAKES SENSE WITH THE TIMELINE THAT WILL BE GOING ON SOME OF THESE
ANYWAY? >> FOR THE DISTRICT TO MANAGE THE CONSTRUCTION IS REALLY LESS OF A CONSTRAINT AS IT WAS TO OPEN THEM ALL IN ONE YEAR BECAUSE IT TAKES ALL DISTRICT TO ACTUALLY OPEN A SCHOOL. GENERALLY, WE TRY NOT TO OPEN MORE THAN THREE IN A YEAR AND IT'S REALLY AGGRESSIVE AS WELL. WE'VE DONE THAT BEFORE. BUT SO, THAT'S REALLY WHAT YOU
WANT TO SPACE OUT. SO YOU ARE NOT IMPACTING -- >> AS PART OF THE QUESTION, IS
THE BOND STRATEGY EVEN VIABLE? >> MY QUESTION IS, IS A BOND STRATEGY NECESSARY IF WE ARE NOT GOING TO END UP USING THOSE DOLLARS UNTIL 2028 AND 2029 ANYWAY BECAUSE WE ALREADY HAVE
EIGHT OR NINE PROJECTS GOING. >> I THINK, AND I CAN SAY THIS IN A DIFFERENT WAY.
BUT SO, WE ARE SPACED AT THE PROJECT SO WE ARE ONLY OPENING REALLY TWO PER YEAR.
EVEN THOUGH WE ARE WORKING IN PLANNING, THEY ARE NOT ALL OPENING AT THE SAME TIME.
AGAIN, WE'VE GOT, YOU HAVE ADDITIONS WHICH ARE NOT OLD PROJECTS YOU'RE NOT MOVING, BUT THE ADDITIONS COME WE'VE GOT THREE OPENING IN 2024. OUR NEXT PROJECT OPENING WE HAVE ONE OPENING IN SAMMAMISH WE HAVE SITE 59 AND 25 AND ROCKWELL IS SCHEDULED TO OPEN IN 26. THEN IF ALCOTT IS ON THE BOND OR WHATEVER, IT WILL BE THE NEXT PROJECT TO ALSO OPENING 26. THAT IS TO FOR 26 THEN THE PLAN IS, THEN THE PLAN WOULD BE KAMIAKIN AND 17 IN SMITH AND EVERGREEN AND 28.
WE HAVE TIMED THEM SO, EVEN THOUGH THEY ARE PLANNING FOR MULTIPLE PROJECTS, THEY ARE NOT
ALL OPENING AT THE SAME TIME. >> IS IT FAIR TO SAY THAT THE STRATEGY THAT LINES UP WITH
THAT PLAN IS THAT BOND STRATEGY THEN? >> THE BOND STRATEGY GETS THE
AGING SCHOOLS BUILT KIND OF AS ACCORDING TO THAT. >> ACCORDING TO THE TIMELINE.
THE LEVY STRATEGY WOULD DELAY AS YOU CAN SEE, BECAUSE WE HAVE TO WAIT FOR THE CASH.
IT WOULD DELAY THOSE PROJECTS UNTIL 2033. WE START BETWEEN 29 AND 33.
AND THEN THE COST ESTIMATES CHANGE AS WELL. THEN YOU ADD ESCALATION.
OKAY. THAT IS KIND OF THE FUNDING OPTIONS.
>> SORRY LISA, I JUST WANT TO MAKE SURE CLARIFY. THE SCHOOL COST ESTIMATES THAT YOU PUT FORWARD, FOR EACH OF THESE LEVY STRATEGIES, IF YOU TAKE ALCOTT, STRATEGY B OPENING
[01:00:01]
AND 29, I BELIEVE YOU WOULD THEN ADD 24 PERCENT TO THE COST OF ALCOTT.DUE TO CONSTRUCTION ESCALATION. HAT IS ABOUT $20 MILLION ADDITIONAL DOLLARS BY WAITING
OR BY USING THE LEVY STRATEGY JUST FOR ALCOTT ONLY. >> CORRECT.
>> THIS KIND OF MY QUESTION. ESPECIALLY B DOES IT TAKE INTO ACCOUNT ESCALATION, THE WHOLE PRICE TAG IS 612 MILLION, BUT IF WE ACTUALLY BUILDING, IS RESPONSIVE TO BUILD ALCOTT IN
2029 VERSUS 2026. >> ACTUALLY DIDN'T ADD PETER HAVE TO GO BACK, KEPT EVERYTHING CONSTANT, 612. YOU'RE RIGHT, IT WOULD ACTUALLY COME I HAVE TO ADD THAT BACK
IN. >> IS NO PROBLEM. BUT YOU'RE RIGHT YOU HAVE TO DO
IT.> THE TOTAL PROGRAM WOULD BE MORE THAN 612 FOR STRATEGY BE AND SEE.>> YES.
>> OKAY. ANY MORE QUESTIONS? >> I JUST GOT A FEW MORE SLIDES. I GUESS WE WANT TO GET INTO OUR -- ONE OF THE OTHER THINGS WE WANTED TO JUST TALK ABOUT IS, PROJECTS THAT CAN BE CONSIDERED.
WE WANTED TO JUST SHARE INCLUSIVE PLAYGROUNDS ON OUR ELEMENTARY SCHOOL SITES.
IS A POTENTIAL YOU KNOW, PROJECTS THAT WE COULD USE YOU KNOW THAT COULD BE PART OF A CAPITOL PROJECT LEVY OR BOND. HVAC, COOLING, CEILING FANS CURRENT CONSTRUCTION STANDARD IS FOR GEOTHERMAL AND CEILING FANS. THE SCHOOLS WE BUILT HAVE THESE FEATURES NOW.AND WAS ONLY REBUILT IN THE FUTURE. WE WOULD BE GOING BACK TO SCHOOL THAT DON'T HAVE THOSE FEATURES. IN GENERAL SUSTAINABILITY PROJECTS, SOLAR, THEY BUILT READY FOR PANELS, PUTTING PANELS ON THE SCHOOLS.
WE DON'T HAVE THE TIME AND ONGOING SAFETY AND SECURITY PRODUCE COULD BE POTENTIAL ITEMS THAT CAN BE CONSIDERED AS WELL. AND THEN THE LAST OR THE SECOND TO LAST SLIDE ADJUST, YOU'VE SEEN THIS BEFORE.HIS IS REALLY, WE STILL HAVE TWO COMMERCE OF ONGOING CAPITOL NEEDS. ONCE WE COMPLETE OUR AGING SCHOOLS, THEN YOU KNOW, WE HAVE ALL OF OUR SCHOOLS THAT WERE BUILT YOU KNOW, 50 YEARS AGO.
AND SO, THIS LIST, I WILL GO THROUGH EVERYTHING BUT IT JUST SHOWS EACH OF THE SCHOOLS AND KIND OF WHAT YEAR THEY WOULD BE IN THAT THEY WOULD BE EVALUATED FOR MAJOR CAPITAL UPGRADES AND
IMPROVEMENTS. >> IS NOT SHOWING A 40 YEAR TIMELINE?
>> YOU REMEMBER RYAN, I WOULD HAVE TO -- THINK IT IS. >> EASTLAKE HIGH SCHOOL OPENED.
>> YEAH. >> AS WE LOOK AHEAD AT THE YOU KNOW, ANALYSIS, WILL NEED TO DO IT AT EACH OF OUR SITES. WE HAVE SELECTED THE 40 YEAR MARK FOR EACH OF OUR SCHOOL SITES. TO DO A REVIEW AND ANALYSIS TO KNOW, ARE THE UPGRADES THAT ARE NEEDED, REMODELING REQUIRED, THAT'S WHAT THE ONGOING LEVY STRATEGY WILL FUND, YOU WILL SEE IN THE 31 TO 33, WE HAVE A LOT OF SITES, SUPPORT SERVICES BUILDING A BELIEVE WAS BOTH IN THE 70S. IF I REMEMBER CORRECTLY, IT REALLY HASN'T HAD A LOT OF ADDITIONAL ATTENTION PAID TO IT. AND SO, THERE'S JUST SOME ONGOING CAPITAL ANALYSIS AND PLANNING THAT NEEDS TO BE DONE. THUS, THE ONGOING LEVY STRATEGY THAT ONCE WE COMPLETE OUR AGING FACILITY PROJECTS, IS THE HOPE THAT WE CAN JUST GET INTO THAT
NATURAL STATE. >> OKAY, SO, WE ARE AT THAT POINT WHERE WE WANT TO GO OVER
SOME BENEFITS AND CHALLENGES. >> ENDED UP ALLEGEDLY STRATEGY THAT NOVEMBER 2024 AS WELL.
[01:05:11]
I CANNOT REMEMBER IF THAT WERE INSTEAD AND 25, WOULD THAT AFFECT COLLECTION? WE WOULDN'T BE ABLE TO START COLLECTING, I CAN'T MEMBER HOW IT WORKS.>> THERE ARE SOME ADDITIONAL WORK WE HAVE TO DO TO COLLECT THE NOVEMBER LEVY, STARTING IN JANUARY OF THE UPCOMING CALENDAR YEAR. BUT IF WE DO A FEBRUARY 25 LEVY
COLLECTION STARTS IN JANUARY 26. >> AND WE ACTUALLY, WITH THE LEVY OPTION, WE HAVE TO BUMP TO COLLECT AND 25, BUMP THE TAX RATE UP A LITTLE BIT AND YOU CAN SEE 10 MILLION. SO YEAH, YOU COULD POTENTIALLY DO THAT IN FEBRUARY TIMEFRAME.
EVEN NOVEMBER 25. >> ARE THOSE BONDS FOR THE OTHER SCHOOL DISTRICTS, HOW
MANY HAVE BEEN 600 PLUS MILLION DOLLAR RANGE? >> I HAVE TO GET THE DATA.
>> I DON'T RECALL THEM BEING THAT LARGE. >> THEY WENT AND PASSED THEIR BOND I BELIEVE IT WAS OVER SIX. CAN GET SOME DATA ON THAT. OKAY, I THINK WHAT WE WANT TO
DO NOW, IS HAVE, WE ARE GOING TO PUT EVERYONE IN GROUPS. >> WILL GOING TO DISCUSS AGENT FOR SLAVES WITH THE WHOLE GROUP, AND THEN MOVE INTO, THEN MOVE INTO -- DEPUTY SUPERINTENDENT BILLINGHAM WAS GOING TO DO SOME CHARTING FOR THE WHOLE GROUP.
WE, WHAT WE ARE SEEKING TODAY IS REALLY, YOUR BEST THINKING. YOU CAN SEE THAT PRIMARILY, OUR RECOMMENDATION AROUND THE PROJECTS LIES WITH OUR AGING FACILITIES.
USE OF LIST OF KIND OF ADDITIONAL CAPITOL PROJECTS THAT COULD BE CONSIDERED INCLUSIVE PLAYGROUNDS, SUSTAINABILITY EFFORTS, HVAC, COOLING, THOSE ARE ALSO CONSIDERATIONS THAT FOR US TO ACCOMPLISH GOALS THAT WE HAVE AS A DISTRICT, BUT ALSO, ENSURING THAT OUR COMMUNITY SEES THEMSELVES, AND IF ANY MEASURE THAT IS PUT FORWARD.
AND SO, WE WOULD LIKE TO GET YOUR FEEDBACK AROUND KIND OF RESPONSE TO OUR AGING FACILITIES, BEING THE DRIVER, AS OPPOSED TO ADDING NEW CAPACITY.
AND THEN, ARE THERE OTHER CONSIDERATIONS THAT WE NEED TO THINK ABOUT AS WE DEVELOP A RECOMMENDATION AROUND THE PROJECTS SIDE OF THE PLAN. [INAUDIBLE]
>> SHANNON VOLUNTEER DESCRIBE IF YOU WANT IT SECOND ON THIS PART.
[LAUGHTER] WE WILL MOVE IT DOWN. YEAH.
[INAUDIBLE] >> WHY WE'RE ASKING THIS, WE HAD A PLAN, IT WAS THE BUILDING EXCELLENCE PLAN. YOU KNOW, INC. NEW FACILITIES ADDING FULL SCHOOL CAPACITY TO THE SYSTEM. WHICH ALSO CAME ALONG WITH SIGNIFICANT OPERATING COSTS.
YOU CAN SEEN A PRESENTATION TONIGHT, WE ARE LEANING TOWARDS STEPPING AWAY FROM THE PHASE 2 AND PHASE 3 STRATEGY. AND REALLY NARROWING OUR FOCUS TO AGING FACILITIES, AND GETTING INTO THE CYCLE OF A LONG-TERM LEVY STRATEGY TO ADDRESS FACILITY NEEDS.
[01:10:06]
>> A PRO AND CON AT ONCE. PRO! IT IMPROVES A STUDENT EXPERIENCE. DIRECTLY IMPROVES THE STUDENT EXPERIENCE.
CON, WE ARE, CON IS, WE ARE OPERATING -- THERE IS RISK THAT OUR ASSUMPTIONS.
GROWTH MAY STILL COME. >> I THINK A PRO IS THAT IT IS EASY WHEN WE ARE EXPERIENCING EXPLOSIVE GROWTH, PRE-COVID TO IGNORING AGING FACILITIES, AND DIRECTORS POINT, REALLY DOESN'T IMPACT THE STUDENT EXPERIENCE. THIS IS A REALLY GOOD TIME WHEN YOU CAN TAKE A BREAK.
ONE CON IS THAT IT'S HARDER ASKED BLAINE AGING FACILITIES TO THE GENERAL PUBLIC.
-DRIVE BY NEW SCHOOL G BUILT, IF I VISIBLY SEE THAT BY NOTHING ABOUT SCHOOL OUT THERE THAT ARE DOING NOTHING BUT ON THE INSIDE OF THE CHOIR ASKING FOR SKING FOR MORE MONEY?
>> WE ARE MAKING DECISIONS BASED OFF OF THAT IS BIG DATA THAT WE HAVE WHICH IS CURRENT
GROWTH PRODUCTIONS ARE DIFFERENT THAN THEY WERE. >> I THINK AKON HERE IS, I'M TRYING TO REMEMBER. AT LEAST FOR ME, I HAVE, I HAVE YET TO GET A FIRM ANSWER ON WHAT AN IDEAL HIGH SCHOOL CAPACITY IS. SO, I DON'T KNOW THAT WE ARE, I FEEL LIKE WE ARE MISSING A PIECE OF OUR CONVERSATION BY TAKING OUT THIS HIGH SCHOOL RIGHT NOW.
AGING FACILITIES ARE, HAPPENED TO BE THAT THEY ARE SPREAD AROUND THE DISTRICT.
IT IS A WAY TO PROVIDE BENEFITS TO DIFFERENT AREAS OF THE DISTRICT.
WHEREAS GROWTH IS OFTEN MORE CONCENTRATED IN THE MORE URBAN AREAS.
BUT THEN AGAIN WE DON'T AGREE ON PROPERTY AND NONURBAN AREAS, SO -- WE HAVE ANOTHER PRO.
WE WOULDN'T HAVE TO COME AND WOULD NECESSARILY HAVE TO RE-BOUNDARY AS MUCH.
MAYBE! >> WERE JUST WANTED SOME CLARIFICATION ON SITE 59.
>> SO, AS PART OF OUR 2022 CONSTRUCTION LEVY, WE ARE BUILDING A 600 STUDENT CAPACITY PROJECT ON WHAT WE CALL SITE 59 BUT IT'S A PIECE OF PROPERTY WE OWN, IT IS NEAR EASTSIDE CATHOLIC HIGH SCHOOL. AND SO, THAT PROJECT IS BEING BUILT RIGHT NOW, CONSTRUCTION HASN'T STARTED BUT IS BEING PLANNED TO OPEN A FALL OF 25. WE WORKING RIGHT NOW, WE ARE WORKING AND CONDUCTING SURVEYS AND MEETING WITH STUDENTS AND WORKING ON THE PROGRAM, THE
EDUCATIONAL PROGRAM FOR THE HIGH SCHOOL. >> MY FIRST POINT, IS MORE IN ALIGNMENT OF OUR EQUITY VALUES. THINKING ABOUT IMPROVING THE EXPERIENCE PART OF THAT IS
[01:15:04]
TRYING TO HAVE A CONSISTENT OR MORE CONSISTENT STUDENT EXPERIENCE ACROSS THE DISTRICT.IF YOU LOOK AT KAMIAKIN THE STUDENT EXPERIENCE IS VASTLY DIFFERENT THAN OTHERS.
>> ONE PRO I CAN SEE IS THE UPDATES, SPECIAL -- WE CAN KEEP MORE CURRENT OR BECOME MORE CURRENT EVEN, I KNOW WE HAD TO DO A LOT OF UPGRADES ON FACILITIES DURING COVID.
ANOTHER I'M SURE THERE IS BEEN SOME UPGRADES AND SO, A PRO WOULD BE THAT WE COULD TAKE ADVANTAGE OF THE NEW TECHNOLOGIES FOR THAT AS WELL AS SINCE WE HAVING MORE FIRES THAN THE FILTRATION SYSTEM, THE ONLY ALTERNATIVE TO HAVING BETTER HVAC EXCEPT WITH BURNING AROUND YOU. CON? IT IS LESS LIKELY TO ADDRESS OUR RELIANCE ON PORTABLE IN THE NEAR TERM. WHICH WAS ONE OF THE, BUT THE ORIGINAL FACILITY ADVISORY COMMITTEE AND WHAT A SMALL CONSTITUTED TWO.
>> AND ANOTHER IS A PRO OR CON OR JUST A TOPIC. WE'RE TALKING ABOUT ADJUSTING OUR AGING FACILITY BEING VERY SPECIFIC ABOUT WHICH FACILITIES ARE REFERRING TO IS YOU CAN SEE, IN THE SECOND TO LAST SLIDE, YOU SHARED WITH US, YOU'VE GOT SCHOOLS THAT ARE JUST COMING DOWN THE PIPELINE AND AGING EVERY YEAR. AND SO, I GUESS IT IS A CON IN TERMS OF THE STRATEGY WE ARE DISCUSSING RIGHT NOW, DOESN'T ACTUALLY ADDRESS THE UPCOMING
PROBLEMS. IT IS A LITTLE SHORTSIGHTED. >> I BELIEVE EACH OF THE
STRATEGIES -- >> ONGOING LEVY STRATEGY. BUT BECAUSE OF HOW BONDS AND LEVEES WORK, WE MIGHT DEPENDING WHICH STRATEGY WE CHOOSE, WE MIGHT HAVE A PROBLEM LOOKING
OUT. >> CORRECT. THE FOUR YEAR MARK MAY NOT BE
REALIZED. >> NO. >> THE PRO AND THIS IS, ONCE WE SELECT A STRATEGY AND HOPEFULLY IT IS LEVY STRATEGY WE CAN DEVELOP EXCUSE ME.
A TIMELINE FRAMEWORK IF YOU WILL, WHERE THE FUTURE UPGRADES SO WILL KNOW EXACTLY WHAT KIND OF TIMEFRAME WE ARE LOOKING AT, WHAT IT HAS TAKEN US, WILL HAVE A BETTER, NEVER HAVE AND HANDLE INFLATION FOR CONSTRUCTION BUT AT LEAST WE CAN TRY AND USE THIS AS A MODEL FOR THE NEXT ROUND IF YOU WILL. AND HAVE A LITTLE BIT LESS, NOT WHEREBY OPTIONS OF WHAT
STRATEGY TO USE. >> I'M WONDERING, I'M GOING TO CHANGE QUESTIONS FOR FACILITIES. I APOLOGIZE. GOING TO TAKE US A LITTLE BIT LONGER. ARE THERE ADDITIONAL CONSIDERATIONS YOU WANT US TO KNOW ABOUT AS WE ARE PUTTING TOGETHER A PROPOSAL FOR A PACKAGE? PRESIDENT CHOI LED POTENTIALLY WITH ONE WHEN SHE REFERENCED A FIFTH CAR BRANDS OF HIGH
SCHOOL. >> YEAH. I THINK MY ANSWER TO THAT WOULD BE, I GUESS THE CONFIDENCE LEVEL AND DATA THAT WE HAVE ABOUT ENROLLMENT RIGHT NOW.
IMPACTING OUR DECISIONS FOR THE FUTURE. I WOULD HATE TO BE EXTREMELY
[01:20:06]
UNFORTUNATE FOURFOLD WITH THE FUNDING STRATEGY ADDRESSING AGING FACILITIES, GET RID OF OUR COMPREHENSIVE HIGH SCHOOL, PLAN AND THEN ENDED UP IN A POSITION WHERE WE NEEDED THATAND COULD NOT FUND IT. DOCTOR STEWART? >> REAL QUICK, JOHN CAN YOU RESET YOUR QUESTION? ALL OF A SUDDEN MY QUESTION, HE SLIPPED MY MIND.
>> WONDERING IF THE BOARD HAS CONSIDERATIONS BEYOND JUST AGING FACILITIES.
THE WE SHOULD MAKE AS WE ARE PUTTING TOGETHER A PACKAGE RECOMMENDATION OF WHAT PROJECT
SHOULD BE INCLUDED IN THE NEXT FUNDING MEASURE. >> I'M WONDERING, TRYING TO THINK BACK TO THE SLIDES. OF THE THINGS THAT WE WILL BE ADDRESSING IN UPGRADES FOR THE AGING FACILITIES. WITH SECURITY SYSTEMS PART OF THAT, I DON'T RECALL.
>> SO, WE, I BELIEVE THE SLIDE -- THE SLIDE. THESE ARE CAPITAL PROJECTS WE COULD CONSIDER. NOT THAT WE ARE CONSIDERING. DOES IT MAKE SENSE?
WE DON'T HAVE FUNDING FOR THESE THINGS RIGHT NOW. >> I'M JUST SAYING, STRATEGIES OF UPGRADES AND AGING FACILITIES AS WE LOOK AT SECURITY WILL BE A COMPONENT IN THAT. WHICH WILL HELP SELLING FACTOR PASSING LEVY AS WELL AS SUSTAINABILITY A MAJOR SELLING FACTOR TO THE REGION. JUST ANSWER YOUR QUESTION.
THE MORE WE EMPHASIZE THE ISSUES THAT ARE BIGGER TO MOST FOLKS, TO ME, A CONCLUSIVE PLAYGROUND IS MASSIVE BUT TO THE AVERAGE VOTER, I CAN SEE ESPECIALLY, GIVEN THE OUTLOOK ON THE PLATEAU, SECURITY IS A GREATER CONCERN I THINK AT THIS POINT.
>> I KNOW YOU DO THIS BUT I GUESS LIKE, TO HEAR WHEN YOU REPORT BACK, IS THE OPERATIONAL COST ARE DIFFERENT OPTIONS. I RECALL FROM THE, I DON'T KNOW I THINK THIS WAS EMERSON, HAVING THIS CAPACITY EMERSON VERSUS BUILDING SOMETHING NEW AT THE KAMIAKIN SITE.
IT WAS OPERATIONAL COST SAVINGS. I THINK WHAT WE THINK ABOUT FACILITIES, IT'S ALSO A COMPONENT. I AM KIND OF WRESTLING WITH THE PROMPT. I MEAN, ARE YOU ASKING, ARE YOU ASKING FOR SEQUENCING?
AND WHAT PROJECTS TO PICK? >> SO, IF AGING FACILITIES ARE KIND OF THE, THE ASSUMED IN THE PROJECT LIST, IF WE WERE TO ADD A FIFTH COPY IS OF HIGH SCHOOL TO THE PROJECT LIST, THIS WOULD TAKE A TOTAL COST FROM 611 TO ABOUT YOU KNOW, 950 OR MORE. TOTAL.
WE ARE TRYING TO GIVE DIRECTION AND SO, LET'S SAY, WHAT TO DO HVAC.
COOLING AND ALL OF OUR SITES THAT DON'T HAVE THAT. THAT'S GOING TO BE X NUMBER, HUNDREDS OF MILLIONS OF DOLLARS TO BE ABLE TO ACCOMPLISH THAT, PLUS THE OPERATIONS COSTS THAT GO ALONG WITH THAT. SUSTAINABILITY PROJECTS. DON'T KNOW WHAT THE TOTAL COST TO PUT SOLAR PANELS ON SITE AND ALL OF THOSE COMPONENTS. THEY WOULD BE THAT COST.
BELIEVE THERE MAY BE A SAVINGS. WITH THAT. AND SO, IF WE DID AGING FACILITIES, +5TH CONFERENCE OF HIGH SCHOOL, PLUS 250 MILLION IN COOLING AND SUSTAINABILITY PROJECTS, AT ONE POINT, $1.2 BILLION. WE HAD 971 WITH BUILDING EXCELLENCE. IT IS NOT THAT WE JUST WANT TO PUT A PACKAGE TOGETHER THAT THE
BOARD SEES VALUE IN. >> CAN I ASK A QUESTION? CAN WE FUND TRANSPORTATION
INFRASTRUCTURE WITH THESE DOLLARS? >> USE INFRASTRUCTURE, I
BELIEVE THAT YOU ARE MEANING -- >> ELECTRIC BUSES AND INFRASTRUCTURE.
>> NO, THAT WOULD COME IF WE WANTED TO RUN A TRANSPORTATION LEVY, WE COULD RUN IT THROUGH
[01:25:05]
THAT. >> THIS IS TOTALLY OUT OF LEFT FIELD.
BUT I THINK WE HAVE STUDENT DESIRE AND DESIRE WITHIN THE COMMUNITY, AS WELL AS WITHIN THE LABOR FORCE, EXPANDING CREATING AND EXPANDING A PROGRAM WITH APPRENTICESHIPS AND KIDS UNDER 18, TALKING PRE-APPRENTICESHIP PROGRAMS, IF WE COULD IN WORKING WITH CONSTRUCTION PEOPLE, ORGANIZE IN SUCH A MANNER THAT WE COULD WORK WITH THE VARIOUS COMPONENTS OF IT, TO INCLUDE PRE-APPRENTICESHIP PROGRAMS, THINK WE WOULD HAVE A WIN-WIN PLUS WOULD ALSO POINT OUT HOW THIS IS JUST REPLACEMENT OF STUDIES, THIS IS BUILDING ON THE FUTURE OF THE STUDENTS IN THEIR FUTURE LIVES, IF YOU WILL.
I LIKE TO SEE IF WE KILL TWO BIRDS WITH ONE STONE, ALSO AS A POSITIVE TO SOMETHING THAT SOME PEOPLE SAY -- YOU JUST PUTTING A NEW AIR CONDITIONER. IT WOULD THINK, WOULD FIND IT A BENEFIT, I DON'T KNOW, YOU PROBABLY KNEW CONSTRUCTION BETTER COMPANIES THAT I WILL EVER. IF THIS WOULD BE SOMETHING THEY WOULD BE INTERESTED IN.
I KNOW THE LABOR GROUPS ARE INTERESTED IN MAJOR SCHOOL DISTRICT EMBRACING A
PRE-APPRENTICESHIP PROGRAM. >> RIGHT NOW WE ACTUALLY HAVE ONE PROGRAM THAT IS OFFERING APPRENTICESHIPS. THAT IS IN BELLEVUE SCHOOL DISTRICT.
WATER IS ACTUALLY OPENING THE SAME PROGRAM. THEY'RE JUST NOT THERE YET WITH THE APPRENTICESHIP COMPANY BECAUSE THIS ACTUALLY NEGOTIATIONS INVOLVED BUT WE DO
HAVE A MODEL FOR THAT. >> IT WOULD SEEM TO ME THAT WOULD BE -- THE OTHER HALF OF THIS IS, OTHER COMPANIES OUT THERE, WHO ARE IN DEVELOPED STAGES.
I'M SURE THERE MUST BE DOZENS. NEXT GENERATION IF YOU WILL, SUSTAINABILITY PROJECTS, HVAC, WHERE WE CAN BE THE MODEL IF YOU WILL, TO HOW THEY WOULD WORK.
BASICALLY, PERHAPS DIMINISH THE COST OF THOSE PROJECTS, SOLAR OR WHATEVER IT MIGHT BE.
TO ACT AS A LAB RAT, IF YOU WILL. AGAIN, YOU WOULD ENHANCE THE STUDENT LEARNING PROCESS. I'M THINKING BACK TO STEM. SEVERAL YEARS AGO, WHEN THEY SHOWED OFF THEIR STUDENT PROJECTS THEY HAD IN TURNING WITH AND SOLAR PANELS OR WHATEVER I THINK IT WAS, CONSTRUCTION SIGNS AND SO FORTH.
AND THE COMPANIES THAT IN TURN THE KIDS ARE JUST THRILLED THAT THEY HAD THEM.
I'M WONDERING IF WE COULDN'T SOMEHOW, FIND A WAY WE CAN WORK THAT SO THAT THEY ARE TALKING CONSTRUCTION BUT ALSO TALKING INTERNSHIPS FOR ENGINEERING STUDENTS IN COMPUTER STUDENT
AND SO FORTH. >> HAVE A CONSIDERATION THAT IS ON THE -- THE SIDE OF THE LEDGER WORKED A NEGATIVE. CREDIT, DEBIT, ONE OF THE TWO. AND THAT IS, IT IS THE CONVERSE WHICH IS CONSIDERATION PERHAPS WE LOOK AT SELLING PROPERTY THAT WE OWN.
INCLUDING THE PROPERTY THAT WE ACQUIRED THROUGH COMPETENCE OF HIGH SCHOOL.
IF IT IS NOT ON YOU KNOW, MIDTERM PLAN, IS IT REALLY NO INTEREST TO BE HOLDING THE PROPERTY? I'M NOT ADVOCATING FOR THAT. I JUST TO GET SOMETHING TO
THINK ABOUT. >> I'D ALSO LIKE TO CLARIFY, I'M NOT ADVOCATING FOR THIS,
JUST ASKING ABOUT IT. >> I'M JUST GOING OUT -- [LAUGHTER] WHY DO WE DO --
[01:30:33]
>> BARBARA PUT UP THE SLIDE THAT JUST SHOWS WHAT THE THREE STRATEGIES ARE.
A BEING THE BOND, THEN ONGOING LEAVY STRATEGY B, A LEVY WITH A SIMILAR RATE TO THE BOND AND STRATEGY , A LEVY WHERE THE SAME DOLLAR AMOUNT IS COLLECTED IN THE SAME TIMELINE AS THE BOND. AND SO, THAT HAS A RATE INCREASE.
AND LET ME JUST, THE PURPOSE OF SEEKING FEEDBACK, THE GOAL IS TO BRING A RECOMMENDATION TO
THE BOARD OF A PACKAGE OF PROJECTS WITH A FUNDING PLAN. >> CAN I PREFACE THIS WITH FOR TIME SAKE, I DON'T THINK WE NEED TO DO PROS AND CONS ON ONE CONSTRUCTIONAL HAPPEN BECAUSE ALL THAT IS PRESENTED ON THE SLIDE. IF WE COULD TRY TO COME UP WITH, I'LL KICK OFF ONE. FOR STRATEGY A, AKON IS THE TIMELINE.
I THINK IF WE WERE TO SERIOUSLY PURSUE A BOND, WE PROBABLY SHOULD'VE STARTED THE COMMUNICATION COMPONENT AND GOING TO THE COMMUNITY ABOUT FIVE MONTHS AGO.
STARTING THE WORK. I'M A LITTLE CONCERNED ABOUT WHETHER OR NOT WE HAVE ENOUGH
TIME TO GET A BOND ACROSS THE FINISH LINE IF YOU START NOW. >> I'M GOING TO GO.
PRO FOR B, IN MY VIEW, IT SETS US UP FOR A SUSTAINABLE LONG-TERM FUNDING PLAN.
ANOTHER ONE? >> GO AHEAD. >> APRIL FOR STRATEGY C, WOULD
GET SOME AMUSING EMAILS -- [INAUDIBLE] [LAUGHTER] >> IS IT, WHETHER REVERB YOU WANT TO USE. INCREASE, RAPID SUBSTANTIAL, ONE OF THOSE.
>> PRO WOULD BE AFTER THE MONIES ALREADY COMING IN. I MEAN, IT'S, IS THE MOST ACCELERATED TIMELINE IN TERMS OF EARTH. NOT THE MOST ACCELERATED BUT THE BALANCE BETWEEN YEAH, NOT PUSHING PROJECT OUT WHEN WE TALK ABOUT 10 YEARS FOR SOME OF THESE PROJECTS. SORRY, LET ME FOCUS. A CON FOR B B PROJECTS MIGHT NOT BE HITTING STUDENTS FOR ANOTHER TENURE. PRO FOR C, CONSTRUCTION COULD
PROCEED. >> THE BIG CON ON A, ABILITY TO PASS A BOND IS ONE OUT OF 12 TO 15 YEARS, MAYBE LONGER. AND GIVEN THE INFORMATION ABOUT OUR STUDENT ENROLLMENT, HARDLY
BELIEVE SOMEONE WILL BUY INTO IT. >> PRO FOR A IS BECAUSE WE LOOK UP 10 YEARS. THE LONG TERM. CALLS IS PROBABLY THE MOST FISCALLY RESPONSIBLE APPROACH, EVEN THOUGH THAT WILL BE A DIFFICULT MESSAGE TO COMMUNICATE. STRATEGY A BECAUSE WE BE ABLE TO COLLEGE CONSTRUCTION
EARLIER. >> AND OTHER CON FOR A, YOU DELAY A YEAR ON IMPLEMENTING B
LET'S BE POSITIVE, IF! >> PRO FOR A, IT MITIGATES INFLATION RISK FOR THE PROJECT.
[01:35:13]
THEN B THE CON IS THAT THERE IS CONSTRUCTION COST INFLATION. >> THE TOTAL COST IS THE
HIGHEST ACTUALLY. >> MAYBE. >> DEFINITELY.
>> ANOTHER RISK FOR B IS THAT YEAH, IT TAKES A LOT LONGER TO GET THE MONEY.
EVEN I THINK, SORRY, THINK ALL THREE ARE TWO PARTS OF THEM UNDERSTANDING.
WOULD BE BOND LEVY, OR LEVY LEVY, THERE'S ALWAYS A RISK OF THE SECOND LEVY FAIL, WE WOULD BE IN A BETTER PLACE TO THINK WHAT I'M UNDERSTANDING, STRATEGY B WOULD LEAVE US IN THE WORST PLACE IF A LEVY FAILS. BECAUSE YOU WOULD HAVE
COLLECTED A LOT LESS WHEN THAT FAILURE OCCURS. >> PRO IN B IS THAT A LACK THERE OF OF INCREASE HAS HISTORICALLY, VOTE FOR ONE OF THOSE, -- [INAUDIBLE]
FROM MIC] >> I JUST WANTED TO CLARIFY FOR STRATEGY A COME OUT OFFER CORRECTLY, BUT WE LIKE IT THE MONEY QUICKER BUT THEN WE WOULD HAVE TO PAY IT OFF FOR A LONGER AMOUNT OF TIME. IS THAT SOMETHING OF CONCERN? OR IS IT LIKE EXPECTED?
>> THAT IS A NORMAL PROCESS FOR BONDS. YOU'RE PAYING THOSE OVER 20 YEARS. IT IS PART OF THE PROCESS. YEAH.
ARE THEN LEVYING THOSE DOLLARS TO PAY OFF OVER 20 YEARS. THEN YOUR CAPACITY FOR OTHER THINGS, YOU HAVE TO WEAVE, WE STILL PAYING OFF OLD BONDS FROM YOU KNOW, 2016.
SO, YOU HAVE TO WEAVE IN AS YOU WANT TO PRESS NEW MEASURES TO ENSURE PEACE WANT TO KEEP TAX
RATE LEVEL. >> OKAY SO I GUESS AKON FOR STRATEGY A. WHEN LIKE YOU HIT 2038, HE OF ALL THE SCHOOLS THAT ACCORDING TO AGING PROCESS, THEY WOULD NEED THOSE UPDATES BUT YOU STILL BE PAYING OFF THOSE BONDS. SOME MORE MONEY.
>>. >> A PRO FOR B. I THINK, WHEN I THINK OF A BOND, LET'S TALK ABOUT THE MAYBE SEMI CAN HELP ME. WHEN I THINK OF A BOND, I THINK MAYBE THIS IS JUST A FUNCTION HISTORICALLY BUT IT IS URGENT, IMMEDIATE NEEDS.
WE HAVE TENS OF THOUSANDS OF STUDENTS HAVE COME IN AND MORE COMING WE NEED CLASSROOM SPACE IMMEDIATELY. AND I THINK THAT IF WE ARE TALKING ABOUT AN AGING FACILITY PROGRAM, THAT IS I GUESS, IN CONGRESS WITH HOW WE THOUGHT ABOUT BONDS IN THE PAST.
MATT, YOU GOT ANYTHING ON THAT? >> SUCCUMBS THAT WE'VE HISTORICALLY USED BONDS FOR NEEDS -- [INAUDIBLE] I DON'T MEAN TO SAY THAT THE FACILITIES ARE NOT EMERGENT BUT I THINK
[01:40:02]
MAYBE A LITTLE DIFFERENT. >> I WOULD ALSO OFFER THAT IN THE MOST RECENT PAST, BONDS HAVE BEEN USED FOR ACCELERATED GROWTH. 1998 I THINK IT WAS 2004, 2008 BONDS WERE ALL ABOUT UPDATING AGING FACILITIES. AND SO, RECENTLY, IT HAS BEEN FOR RAPID GROWTH.
COMPROMISE BETWEEN A AND B. THE CON OF COURSE, IS THE FACT THAT YOU ARE GOING TO CAUSE PEOPLE HAVE STROKES WHEN THEY GET A TAX INCREASE.T MIGHT BE DIFFICULT TO PASS AS COMMIE
ONLY TO TALK ABOUT +1. >> I THINK THE OBVIOUS PRO FOR B AND C --
>> A PRO FOR B AND C, IT CONNECTS TO SUSTAINABLE, EVENTUALLY, WE COULD MATCH IT WITH THE TIMING OF THE RENEWALS FOR OPERATIONAL LEVIES AND WHATEVER CALL THE OTHER ONE.
THE TECHNOLOGY LEVY. >> I GUESS A PRO FOR B IS CHEAPER IN THE LONG RUN THAN B.
MOST FISCALLY RESPONSIBLE BUT THEN C A SECOND. >> THE CON WILL BE EXPLAINING
THAT TO TAXPAYERS. FOR STRATEGY C. >> PRESIDENT CHOI ASKED ME A QUESTION ABOUT TIMING. RUNNING FUNDING MEASURES, IF WE WERE TO RUN A BOND AT 24, WHEN COULD WE TURN AROUND AND RUN A LEVY, SHOULD THERE BE A FAILURE? AND THE EARLIEST WE THEN COULD RUN A LEVY WOULD BE FEBRUARY 25, AND IF WE WANT TO RUN A LEVY IN 24, WE WOULD NEED TO RUN A BOND IN EITHER FEBRUARY OR APRIL OF 2024, TO THEN BE ABLE TO CONSIDER RUNNING A LEVY LATER IN THE YEAR. I DON'T KNOW IF YOU CAN RUN LEVIES IN AUGUST, I DON'T REMEMBER THE RULES RUN AUGUST. AUGUST OR NOVEMBER.
>> AND EDWARD CONSIDERATION? WE ARE TALKING ABOUT RUNNING A BOND THROUGH LEVIES IN NOVEMBER PRESIDENTIAL ELECTION CYCLE WHICH I DON'T KNOW THAT WE HAVE DONE HISTORICALLY.
AND WE DON'T KNOW WHAT THAT'S GOING TO DO. I THINK IT'S JUST SOMETHING TO
THINK ABOUT. >> PORTLAND PUBLIC SCHOOLS PAST BILLION-DOLLAR BOND AND
NOVEMBER 2020 PRESIDENTIAL ELECTION CYCLE. >> WAS IMPLICATION, ISN'T THERE
THAT ARE ESSENTIAL FOR HAVING THAT? >> WHAT YOU TRY TO AVOID IS RUNNING A BOND. THE FEBRUARY AFTER IN NOVEMBER PRESIDENTIAL ELECTION.
YOU WOULD TRY TO NOT RUN A BOND IN THE YEAR AFTER PRESIDENTIAL ELECTION BECAUSE OF THE VALIDATION REQUIREMENTS. THAT, IT WASN'T DUE TO PRESIDENTIAL ELECTION, IT WAS DUE TO A MASSIVE SNOWSTORM, AND SO, THEIR TURNOUT WAS NOT THERE AND THEY DID NOT VALIDATE THE
[01:45:07]
PAST BY OVER 60 PERCENT, THEY DIDN'T VALIDATE. >> CAN I KEEP GOING?
OKAY HOW MUCH TIME DO WE GOT? > -1 MINUTE. >> CON FOR A IS THAT A BOND CAMPAIGN TAKES SUBSTANTIAL STAFF RESOURCES. COMMUNITY RESOURCES.
PRO FOR, DID I SAY CAMPAIGN? I DIDN'T MEAN CAMPAIGN. INFORMATION CAMPAIGN OBVIOUSLY.
I'LL LEAVE IT THERE. >> IS NOT VASTLY DIFFERENT FROM --
>> IWHAT'S THAT? >> IS NOT VASTLY DIFFERENT FROM A LEVY?
>> IN MY EXPERIENCE, YES. IT HAS BEEN. >> YES.
>> OKAY, ALL RIGHT. ANYONE ELSE? >> OF THAT ONE MORE.
YOU SAID THREE MINUTES. >> IS A NEGATIVE -- AS A -1 MINUTE.
>> WE ARE ON A A RIGHT NOW. I FORGOT MY CON. >> OKAY I WILL TAKE
OPPORTUNITY TO CONCLUDE OUR E OUR STUDY SESSION. >> IT IS -- I'M LYING? OKAY. NOT REACHING THE 60 PERCENT THRESHOLD IS CONFUSING.
FOR THE COMMUNITY. A FAIR NUMBER OF PEOPLE IN HERE PAST WHEN IT DOES NOT.
>> OKAY. >> FAILURE IS EXTRA CONFUSING. THUS THE CON.
>> ARE YOU DONE NOW? THANK YOU VERY MUCH. FOLLOWING TODAY'S STUDY
[C. Closing Items]
SESSION, THERE WILL BE A BOARD MEETING TO BE HELD AT 7 O'CLOCK IN THE ROOM NEXT DOOR.* This transcript was compiled from uncorrected Closed Captioning.