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2011LTISDBondProposal
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BondAdvisoryCommittee
Approach
EvaluateLTISDBondProcessesandHistory
1. CostEstimatingMethods
2. AccountabilityforpastBondFunds
3. VettingProcessforInitialProposals
4. OverallNeeds
Assessment
EfficiencyandEconomyofScaleEfforts
ValidateAccuracyofPastDemographicData
Developand
Utilize
Decision
Making
Criteria
Comprehension,Discussion,andConsensus
RepresenttheCommunity
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BondAdvisoryCommittee
Commitment
Personal
Time
7
BAC
Meetings
@
3
hours
eachPreparationandFollowUp
AlwaysConsidertheEducators,StudentsandVoters
Objectivity
MakeData
Based
Decisions
Consensus
SupporttheDecisionsoftheTeam
Examineanything
that
would
adversely
impact
this
BondProposalbecauseofhowcriticalapprovalis.
BuildStrongCaseforAction
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CaseFor
Action
Ourstudentenrollmentisgrowing Reliable
demographicanalysis
predicts
steady
and
continued
growth
Newand
expanded
facilities
are
needed
to
meet
this
growth Ourcurrentfacilitiesareatornearcapacity
Theuse
of
portable
classrooms
is
not
aviable
solution theextendeduseofportablesis
expensive,unsightly,andnotapreferredlearning
environment
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CaseFor
Action
UseoftheO&Mcomponentofthedistrictbudgetto
fund
expansion
to
meet
a
growing
student
population
is
notfeasible LTISDisaChapter41(RobinHood)
schooldistrictandthisapproachwouldrequiretaxing$2
toreceive$1inusablefunds.
WithoutI&Sfundingofschoolconstructionviathisbond
proposal,
LTISD
will
not
be
able
to
meet
future
growth/capacityrequirements.
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CaseFor
Action
Delayingschoolconstructionwillresultin
crowdingin
our
existing
facilities
and
increased
student/teacherratios,whichcouldadversely
impactstudentperformance.
EffectivelyutilizedTechnologyhasastrong
correlationtoimprovedoperationalefficiencies,
exemplarystudentperformanceandattendance.
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DecisionCriteria
EnrollmentGrowth
ProgramViabilityandEquity
ProtectandReplaceAssets
Neededin57YearBondHorizon
SupportCoreServices
FulfillRegulatory
Requirements
SupportLTISDs HighEducationalStandards
Necessary NotNiceToHave
TaxPayer
Impact
VoterReaction
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BondProposal
Summary
$266,106,745 Originally
Identified
Components
($85,276,797) EliminatedbyLTISDSr.Staff
$180,829,948 PresentedtoBACforconsideration
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BondProposal
Summary
(cont)
$180,829,948 PresentedtoBACforconsideration+ $613,905 AdditionalSafetyandElectricalUpgrades
($12,286,940) TightenedConstructionEstimates
($5,811,477)
New
Early
Childhood
Center ($1,444,908) AllAthleticFacilityImprovements
($543,403) RevisedTechnologyCostEstimates
($2,435,512) RevisedTechnologyProposal
($467,274)
Contingency
&
Closing
Cost
Reduction
$158,454,339 CurrentBondProposal
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BondComponentAnalysis
BigFour:
1. NewElementary#6 $25,000,538
2. HBMSExpansion $22,246,711
3. NewLTMS $53,729,520
4. LTMSConversiontoLTHS $20,624,740
Total $121,601,509 (77%)RemainingComponents=$36,852,830
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BondComponent
Analysis
(cont)
OtherNecessarySchoolProjects(13%)Lake
Travis
High
School
$8,594,354
LakeTravisElementary $2,028,752
Lakeway Elementary $3,580,588
BeeCaveElementary $2,581,132
LakePointeElementary $2,004,481
Serene
Hills
Elementary
$1,937,955
Total $20,727,262
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BondComponent
Analysis
(cont)
DistrictWide $9,277,383 (5.8%)
BondReimbursements $500,000 (.3%)
Contingency
$4,548,185
(3%)
ClosingCosts $1,800,000 (1.1%)
Total $16,125,568 (10.2%)
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EstimatedTax
Impact
Taxincreaseofthisbondisapproximately$0.0924,foratotaltax
rateof$1.4083.
AnticipatedaveragemarketvalueofaresidenceinLakeTravisISD
isapproximately$400,000for201112.
AfterLTISDs20%OptionalHomesteadExemptionandtheStateofTexas$15,000MandatedExemption,thisbondelectionrepresents
anincreaseofapproximately$281.88annuallyfortheaverage
homeowner.
Residentsoverage65withataxFreezewillhavenotaximpact
asaresultofthisbondelection.
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SummaryDemographicsandCapacityDemandAction
ExtendedUse
of
Portables
Is
Not
Viable
O&MCannotFundExpansion
DelayingExpansionHasHighPotentialforAdverseImpact
on
Student
PerformanceEffectivelyUtilizedTechnologyyieldsmultiplebenefits
TheBondAdvisoryCommitteeUnanimouslyRecommends
AnOverall
Bond
Proposal
of:
$158,454,339