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C o r n e r G r e e r & A s s o c i a t e s , I n c . 716 S. Main Street | Joplin, MO 64801 | o. 417.206.3134 | f. 417.206.3137 | www.cornergreer.com

MEETING MINUTES

Project: USD447 Meeting Date: 2018.03.13 Subject: Advisory / Community Meeting – 5 Location: Lincoln Elem – Library

Distribution: Skiblinger; Kgreischar, CCC Minutes By: CGreer Attendance: Advisory / Vision Teams Attachments: Selected Concept Options

(3) Total These notes are CGA’s record of this meeting. To revise these notes, send written comments to CGA within one week of receipt. Item Action By Due Date

1. ADVISORY: Review of presentation KG / cg -2. ADVISORY: Review of Thayer (“Needs” and Associated

Costs). Selected Option:

Front Entry ADA Ramp Remodel existing toilet rooms for ADA New ADA bleachers in gymnasium Wood floors in Gym (and ADA access)

Team -

3. ADVISORY: Review of Elementary School (“Needs” and Associated Costs). Selected Option:

Option 1 Demo Existing New Construction Safe Room Remodel existing portion that remains Site Improvements / Playground Area No Modulars

Team -

4. ADVISORY: Review of MS/HS (“Needs” and Associated Costs). Selected Option:

Secure Main Entry Remodel (4) existing toilet rooms for ADA New ADA bleachers in Gym Prefabricated Storm Shelters New Freezer / Cooler New CTE addition CAP OUTLAY: Fire Alarm System

Team -

5. NEXT MEETING: Tues, Mar 27th @ 5:30pm Team -

= = =

C o r n e r G r e e r & A s s o c i a t e s , I n c . 716 S. Main Street | Joplin, MO 64801 | o. 417.206.3134 | f. 417.206.3137 | www.cornergreer.com

Cherryvale-Thayer USD 447March 13, 2018Workshop #5 OPTIONS

listen.DESIGN.deliver

DLR Group CHERRYVALE-THAYER USD 447 Workshop #5 March 13, 2018

Top 5 Guiding Principals

• Sense of Pride• Safe and Secure• Well-rounded education• Future proofing• Focus on Needs, not Wants


From Workshop #3 – WANTS, NEEDS & GOALS

• ADA upgrades to all buildings• Safety and Security• New Elementary School• Storm Shelters at all schools• New bleachers at High School• New fire alarm system at High School• New freezer/frig at High School• New CTE spaces at High School• Bigger classrooms at Lincoln Central• New Gymnasium; doesn’t need to be a competition gym

(Want vs Need discussion)

DISTRICT NEEDS



• New Gymnasium; doesn’t need to be a competition gym (Want vs Need discussion)

• New Elementary School• New band room addition at High School• New bleachers at Thayer• Next generation learning opportunities• New Elementary School by the High School/Middle School Campus• New Auditorium or Multi-Functional Performance Space • Fine Arts spaces• Café-Gym-Auditorium – multifunctional space

WANTS



• Pass the Bond Issue• Community Involvement (NEED)• Affordable• Show value of both District Communities through

commitment to current grade configuration at our three schools

• Provide room for future growth

GOALS


Cherryvale Area District Mill Rates2017-2018

Total Mills Bond & Interest

Erie USD 101 74.421 25.074

Chetopa USD 505 63.671 2.261

Eureka USD 389 58.089 9.460

Neodesha USD 461 56.999 5.664

Humboldt USD 258 55.463 7.517

Elk Valley USD 283 55.449 9.957

Chanute USD 413 54.844 13.213

Parsons USD 503 53.826 11.814

West Elk USD 282 52.151 0.000

Oswego USD 504 50.936 5.248

Labette County USD 506 49.980 5.132

Fredonia USD 484 49.796 4.137

Cherokee USD 247 48.895 0.000

Caney USD 436 48.281 0.000

Woodson USD 366 47.471 0.000

Iola USD 257 46.356 0.000

Marmaton Valley USD 256 46.144 0.000

Coffeyville USD 445 45.102 2.550

Chautauqua USD 286 44.209 0.000

Independence USD 446 43.298 4.060

Altoona-Midway USD 387 41.949 0.000

Cherryvale USD 447 41.601 0.000

Averages 51.315 7.578

Of the 22 Area School Districts:

Cherryvale ranks 22nd as to total mill levy.


Montgomery County, Kansas

Unified School District No. 447

Cherryvale Schools

$11.625 milllion project fund bond issue

Proposed 2018 Debt Service 25 Year Amortization at 4.25%

Dated: December 1, 2018

First Coupon: September 1, 2019 Net P & I Assumed EstimatedAfter 47% Less Assessed Local

Year Principal Rate Interest P & I State Aid Credits Valuation* Mills

2019 380,587.50$ 380,587.50$ 201,711.38$ (201,711)$ 28,393,423$ 0.00

2020 295,000$ 4.25% 507,450.00$ 802,450.00$ 425,298.50$ 28,393,423$ 14.98

2021 310,000$ 4.25% 494,912.50$ 804,912.50$ 426,603.63$ 28,393,423$ 15.02

2022 320,000$ 4.25% 481,737.50$ 801,737.50$ 424,920.88$ 28,393,423$ 14.97

2023 335,000$ 4.25% 468,137.50$ 803,137.50$ 425,662.88$ 28,393,423$ 14.99

2024 350,000$ 4.25% 453,900.00$ 803,900.00$ 426,067.00$ 28,393,423$ 15.01

2025 365,000$ 4.25% 439,025.00$ 804,025.00$ 426,133.25$ 28,393,423$ 15.01

2026 380,000$ 4.25% 423,512.50$ 803,512.50$ 425,861.63$ 28,393,423$ 15.00

2027 395,000$ 4.25% 407,362.50$ 802,362.50$ 425,252.13$ 28,393,423$ 14.98

2028 415,000$ 4.25% 390,575.00$ 805,575.00$ 426,954.75$ 28,393,423$ 15.04

2029 430,000$ 4.25% 372,937.50$ 802,937.50$ 425,556.88$ 28,393,423$ 14.99

2030 450,000$ 4.25% 354,662.50$ 804,662.50$ 426,471.13$ 28,393,423$ 15.02

2031 470,000$ 4.25% 335,537.50$ 805,537.50$ 426,934.88$ 28,393,423$ 15.04

2032 485,000$ 4.25% 315,562.50$ 800,562.50$ 424,298.13$ 28,393,423$ 14.94

2033 510,000$ 4.25% 294,950.00$ 804,950.00$ 426,623.50$ 28,393,423$ 15.03

2034 530,000$ 4.25% 273,275.00$ 803,275.00$ 425,735.75$ 28,393,423$ 14.99

2035 550,000$ 4.25% 250,750.00$ 800,750.00$ 424,397.50$ 28,393,423$ 14.95

2036 575,000$ 4.25% 227,375.00$ 802,375.00$ 425,258.75$ 28,393,423$ 14.98

2037 600,000$ 4.25% 202,937.50$ 802,937.50$ 425,556.88$ 28,393,423$ 14.99

2038 625,000$ 4.25% 177,437.50$ 802,437.50$ 425,291.88$ 28,393,423$ 14.98

2039 650,000$ 4.25% 150,875.00$ 800,875.00$ 424,463.75$ 28,393,423$ 14.95

2040 680,000$ 4.25% 123,250.00$ 803,250.00$ 425,722.50$ 28,393,423$ 14.99

2041 710,000$ 4.25% 94,350.00$ 804,350.00$ 426,305.50$ 28,393,423$ 15.01

2042 740,000$ 4.25% 64,175.00$ 804,175.00$ 426,212.75$ 28,393,423$ 15.01

2043 770,000$ 4.25% 32,725.00$ 802,725.00$ 425,444.25$ 28,393,423$ 14.98

Totals 11,940,000$ 7,718,000$ 19,658,000$ 10,418,740$ (201,711)$ Average 14.99 Mills

Average 786,320.00$ 416,749.60$

Sources:Principal Amount of Bonds 11,940,000$

Plus Estimated Rein. Interest (1.25%) 145,313$

12,085,313$

14.99 mills is the equivalent of added

Uses: 2018 Project Fund 11,625,000$ taxes on a $50,000 home of

2018 Costs of Issuance (1.20%) 130,000$ 86.19$ per year or

Cap. Int.--Levy Control 201,711$ 7.18$ per month.

Cap. Int.--Cash Basis Reserve 128,602$ 125,024.88$

12,085,313$

Estimated Costs of Issuance

Informaton Provided By:

Bond Counsel 30,000$ Steve Shogren & Bret Shogren

Financial Advisor 59,700$ George K. Baum & Company

Paying Agent 6,580$ Wichita, Kansas

Rating Fee 18,500$

Compliance Account 10,000$

Bond Printing 270$

CUSIP Bureau 700$

Attorney General 500$

Miscellaneous 3,750$

Total 130,000$

$11.625 million project fund bond issue

25 Year Amortization at 4.25%


taxes on a $50,000 home of

86.19$ per year or

7.18$ per month.



30 Year Amortization at 4.5%

Montgomery County, Kansas

Unified School District No. 447

Cherryvale Schools


Proposed 2018 Debt Service 30 Year Amortization at 4.5%

Dated: December 1, 2018

First Coupon: September 1, 2019 Net P & I Assumed EstimatedAfter 47% Less Assessed Local

Year Principal Rate Interest P & I State Aid Credits Valuation* Mills

2019 434,193.75$ 434,193.75$ 230,122.69$ (230,123)$ 28,393,423$ 0.00

2020 225,000$ 4.50% 578,925.00$ 803,925.00$ 426,080.25$ (1,000)$ 28,393,423$ 14.97

2021 235,000$ 4.50% 568,800.00$ 803,800.00$ 426,014.00$ 28,393,423$ 15.00

2022 245,000$ 4.50% 558,225.00$ 803,225.00$ 425,709.25$ 28,393,423$ 14.99

2023 255,000$ 4.50% 547,200.00$ 802,200.00$ 425,166.00$ 28,393,423$ 14.97

2024 265,000$ 4.50% 535,725.00$ 800,725.00$ 424,384.25$ 28,393,423$ 14.95

2025 280,000$ 4.50% 523,800.00$ 803,800.00$ 426,014.00$ 28,393,423$ 15.00

2026 290,000$ 4.50% 511,200.00$ 801,200.00$ 424,636.00$ 28,393,423$ 14.96

2027 305,000$ 4.50% 498,150.00$ 803,150.00$ 425,669.50$ 28,393,423$ 14.99

2028 320,000$ 4.50% 484,425.00$ 804,425.00$ 426,345.25$ 28,393,423$ 15.02

2029 335,000$ 4.50% 470,025.00$ 805,025.00$ 426,663.25$ 28,393,423$ 15.03

2030 350,000$ 4.50% 454,950.00$ 804,950.00$ 426,623.50$ 28,393,423$ 15.03

2031 360,000$ 4.50% 439,200.00$ 799,200.00$ 423,576.00$ 28,393,423$ 14.92

2032 380,000$ 4.50% 423,000.00$ 803,000.00$ 425,590.00$ 28,393,423$ 14.99

2033 395,000$ 4.50% 405,900.00$ 800,900.00$ 424,477.00$ 28,393,423$ 14.95

2034 415,000$ 4.50% 388,125.00$ 803,125.00$ 425,656.25$ 28,393,423$ 14.99

2035 435,000$ 4.50% 369,450.00$ 804,450.00$ 426,358.50$ 28,393,423$ 15.02

2036 455,000$ 4.50% 349,875.00$ 804,875.00$ 426,583.75$ 28,393,423$ 15.02

2037 475,000$ 4.50% 329,400.00$ 804,400.00$ 426,332.00$ 28,393,423$ 15.02

2038 495,000$ 4.50% 308,025.00$ 803,025.00$ 425,603.25$ 28,393,423$ 14.99

2039 520,000$ 4.50% 285,750.00$ 805,750.00$ 427,047.50$ 28,393,423$ 15.04

2040 540,000$ 4.50% 262,350.00$ 802,350.00$ 425,245.50$ 28,393,423$ 14.98

2041 565,000$ 4.50% 238,050.00$ 803,050.00$ 425,616.50$ 28,393,423$ 14.99

2042 590,000$ 4.50% 212,625.00$ 802,625.00$ 425,391.25$ 28,393,423$ 14.98

2043 615,000$ 4.50% 186,075.00$ 801,075.00$ 424,569.75$ 28,393,423$ 14.95

2044 645,000$ 4.50% 158,400.00$ 803,400.00$ 425,802.00$ 28,393,423$ 15.00

2045 670,000$ 4.50% 129,375.00$ 799,375.00$ 423,668.75$ 28,393,423$ 14.92

2046 705,000$ 4.50% 99,225.00$ 804,225.00$ 426,239.25$ 28,393,423$ 15.01

2047 735,000$ 4.50% 67,500.00$ 802,500.00$ 425,325.00$ 28,393,423$ 14.98

2048 765,000$ 4.50% 34,425.00$ 799,425.00$ 423,695.25$ 28,393,423$ 14.92

Totals 12,865,000$ 10,852,369$ 23,717,369$ 12,570,205$ (231,123)$ Average 14.99 Mills

Average 790,578.96$ 419,007$

Sources:Principal Amount of Bonds 12,865,000$

Plus Estimated Rein. Interest (1.25%) 156,625$

13,021,625$

Uses: 2018 Project Fund 12,530,000$ 14.99 mills is the equivalent of added

2018 Costs of Issuance (1.20%) 135,000$ taxes on a $50,000 home of

Cap. Int.--Levy Control 231,123$ 86.19$ per year or

Cap. Int.--Cash Basis Reserve 125,502$ 125,702.05$ 7.18$ per month.

13,021,625$

Estimated Costs of Issuance

Bond Counsel 30,000$ Informaton Provided By:

Financial Advisor 64,325$ Steve Shogren & Bret Shogren

Paying Agent 7,830$ George K. Baum & Company

Rating Fee 18,500$ Wichita, Kansas

Compliance Account 10,000$

Bond Printing 270$

CUSIP Bureau 700$

Attorney General 500$

Miscellaneous 2,875$

Total 135,000$


taxes on a $50,000 home of

86.19$ per year or

7.18$ per month.

Options


OPTIONS

Middle High School

$2,754,700

New Elementary School

Option 1: $12,554,750Option 2: $17,225,000Option 3: $18,255,000

Thayer Schools

$344,500


Cherryvale Middle / High SchoolTotal Project Costs: $2,754,700Includes construction & soft cost

Secure Main Entry = $84,5001300 SF

Remodel 4 existing toilet rooms for ADA = $291,2002240 SF

New ADA Bleachers in gymnasium = $292,500

Prefabricated Metal Storm Shelters = $260,000 2000 SF

New Freezer/Cooler = $29,900

New Fire Alarm System = $100,000104000 SF

New CTE Addition (Pre-Engineered Metal Building) = $1,560,000

8000 SF


Thayer SchoolsTotal Project Costs: $344,500 Includes construction & soft cost

Front entry ADA ramp = $22,750 700 SF

Remodel existing toilet rooms for ADA = $65,000 500 SF

New ADA Bleachers in gymnasium = $146,250

Prefabricated Metal Storm Shelter = $110,500 850 SF


New Elementary School Option 1Total Project Costs: $12,554,750Includes construction & soft cost

Demolition = $156,00040,000 SF

New Construction = $9,506,250 37,500 SF

Safe Room = $975,000 2,500 SF

Remodel of Existing (1999 Addition) = $877,500 13500 SF

Site Improvements/Playground Area = $1,040,000 40,000 SF



Elementary School Addition at Cherryvale Middle/High School- Pre-Engineered Metal Building



New Site and Elementary School


Sunflower Elementary School


Pre-fabricated Metal Building Case Study Commerce Middle SchoolCommerce, Oklahoma


Pre-fabricated Metal Building Case Study Eagle Picher ExpansionJoplin, Mo


Pre-fabricated Metal Building Case Study Camp Prairie SchoonerKansas City, Mo


Pre-fabricated Metal Building Case Study SHEDHealdsburg, CA


Thank You!Next meeting:

Cherryvale-Thayer USD 447Workshop #5

20180117--USD447--Meeting_Minutes--Comm-Mtg-53-13-18 CT Workshop 5

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