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,
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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)
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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
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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
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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
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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
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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
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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
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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
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-- 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
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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
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
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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