AGENDA DATE: 7/5/2018
TITLE:
Title
FY 19 - FY 23 Capital Improvement Plan and FY 19 Capital Budget
BODY
SUBJECT/PROPOSAL/REQUEST: Consideration of the School Board's request to amend the FY 19 Capital Budget, final consideration of a 2018 Bond Referendum for local government projects, and provide direction for the finalization of the FY 19 - FY 23 Capital Improvement Plan.
ITEM TYPE: Regular Action Item
STAFF CONTACT(S): Richardson, Walker, Letteri, Kamptner, and Allshouse, L.
PRESENTER (S): Lori Allshouse
LEGAL REVIEW: Yes
REVIEWED BY: Jeffrey B. Richardson
BACKGROUND: On March 1 and March 5, 2018, as part of the regular budget development process, the Board of Supervisors held work sessions on the Capital Improvement Program.
On March 27, the Board received an overview from School Division staff on the High School Capacity and Improvement Project CIP request, including the timing and cost estimates of the phases envisioned for this project. The Board chose to include Phase 1, Center 1, of the High School Capacity and Improvement Project at $35.1 Million in the Proposed FY 19 Capital Budget, anticipating future discussion as to whether the project would be included in a 2018 Bond Referendum.
On March 29, the Board received further details from School Division staff regarding the School Division's High School Capacity and Improvement Project. The Board also reviewed five potential FY 19 - FY 23 CIP scenarios.
On April 10, the Board of Supervisors reviewed three additional CIP scenario models, potential local government projects and the potential impacts on future tax bills based on current assumptions included in the scenario models. The Board stated that it was comfortable pursuing a $35.1Million November 2018 Bond Referendum, which would fund in whole or in part the Phase 1 (Center 1) of the High School Capacity and Improvement Project. The Board further directed staff to prepare for a May 9 CIP Work Session in which it would determi...
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