HomeMy WebLinkAbout06-22-2016 Minutes Special Meeting_IX
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JOINT SCHOOL DISTRICT NO. 93
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3497 North Ammon Road, Idaho Falls, Idaho, 83401 (208) 525-4400 r Fax (208) 529-0104 www.d93schools.org
Dr. Charles J. Shackett, Superintendent Marjean McConnell, Deputy Superintendent Scott Woolstenhulme, Assistant Superintendent
Special Meeting
District Board Room
June 22, 2016
11:30 AM
I. Call to Order
Chairman Brian McBride called the meeting to order at 11:30 a.m.
Il. Roll Call
Chairman Brian McBride present
Vice Chairman Paul Jenkins present
Treasurer Amy Landers present
Trustee Jeff Bird excused
Trustee Greg Calder present
III. Welcome Visitors and Deleaations
Others in attendance were Superintendent Dr. Charles Shackett, Chief Financial/Operations Officer April Burton,
Director of Curriculum & Instruction Michaelena Hix, Director Maintenance & Operations John Pymm, District
Receptionist Samantha Williams, and Board Clerk Mary Hansen.
IV. Items for Discussion
A. District Owned Property Review - John Pymm
Chairman McBride invited John Pymm to talk about the District Owned Property. Mr. Pymm stated there are three
District owned properties that are proposed sites for future elementary schools, located on 52nd East and Courtland
Ridge and northeast of Redrock sub -divisions.
B. District Property Upkeep — John Pymm
Chairman McBride invited John Pymm to discuss the District Property upkeep process relating to recent patron
calls. Mr. Pymm explained that the summer grounds crew is not in place until after the end of the student school
year; therefore, due to the exceptionally warm weather this past spring, the crew was not in place in order to keep
up with the mowing, trimming, and weed control. He proposed a 4 p.m. — 8 p.m. shift and hiring of a spring
grounds crew to start before the end of the school year and to contract with a lawn service for broadleaf weed
control. Chairman McBride stated that the patrons need to know we are trusted to keep the grounds presentable
throughout the year and not just in the summer months.
C. Supplemental Levv -April Burton
Chairman McBride invited April Burton to discuss the Supplemental Levy. Mrs. Burton clarified that the
Supplemental Levy is renewed every two years; our current Supplemental Levy expires in 2017. She reviewed the
upcoming election timeframes and stated that August 2016 or March 2017 elections would be best; the District
needs to have the next levy in place when the current levy expires in 2017. In accordance with the District's 15 -
year plan and the increase in Market Value Growth assumption, she proposed to increase the 2018-2019
Supplemental Levy to $5.8million and increase the amount every two years by 4% going forward. This increase
will help the District be more competitive with salaries and thus, increased hiring and retention. Community
meetings will be held prior to the election to promote the levy and gain patron support, The Board would like a
breakdown of what the Supplemental Levy provides, where the funds are used, and where funding is needed.
D. Ground Breaking Event - Board Discussion
Chairman McBride opened discussion with the Board to plan the new high school ground breaking, such as who to
attend, time, date, etc. The Board selected Friday, July 29, 2016 at 5:00 p.m. for the New High School Ground
Breaking Event. The public is invited.
Board of Trustees Brian McBride 4 Paul Jenkins F. Amy Landers , Jeff Bird Greg Calder
V. Bid Recommendation
A. Sandcreek Track & Field
Chairman McBride invited John Pymm to present the bid recommendation for the Sandcreek Track & Field project.
Mr. Pymm stated that only one bid was submitted from HK Contractors,
MOTION: Greg Calder made the motion to approve HK Contractors for the Sandcreek Track & Field project, Paul
Jenkins seconded. The vote was 4 in favor with 0 opposed and 0 abstentions. Motion was carried.
Mr. Pymm informed the Board that the Church of Jesus Christ of Latter -Day Saints is interested in the west side
plot at the new high school site for the Seminary building. They will pay their portion of the property development.
He also stated that the District will purchase two modulars from Hope Lutheran Church & School to be used at
Discovery and Summit Hills Elementary schools.
VI. Board Trainina
A. ISBA Summer Institute - Mary Hansen
Chairman McBride asked Mary Hansen to talk about ISBA Summer Institute. Mrs. Hansen reviewed the details of
this Board training opportunity and asked who is planning on attending.
VII. Call for Aaenda Items for Uocomina Meetings
Chairman McBride asked for any additional agenda items. Hearing none, he then asked for a motion to adjourn the
meeting.
A. Annual Meeting - Wednesday, July 13, 2016 - District Board Room - 7:00 p.m.
B. ISBA Summer Institute - Thursday, July 21, 2016 - Jefferson School District, Rigby, ID -1:00 p,m, - 6:00 p,m.
C. Board Retreat - Friday, July 29 & Saturday, July 30, 2016 - TBD
D. District Opening Administration Meeting - Wednesday, August 10, 2016 - Rocky Mountain MS Cafeteria -11:30
a.m. -12:30 p.m.
E. Regular Meeting - Wednesday, August 10, 2016 - District Board Room - 7:00 p.m.
F. District Opening Meeting - Wednesday, August 24, 2016 - Hillcrest Performing Arts Center - 8:30 a.m.-11:30 a.m.
G. Work Session - Wednesday, August 31, 2016 - District Board Room -11:30 a.m. -1:30 p.m.
VIII. Adiournment
Chairman McBride adjourned the meeting at 12:48 p.m.
MOTION: Amy Landers made the motion to adjourn. Greg Calder seconded. The vote was 4 in favor with 0 opposed
and 0 abstentions. Motion was carried.
APPRO
Chairman
ATTESTED:i•
Clerk
AL
Date: 7/1
3 /l
I
BONNEVILLE JOINT SCHOOL DISTRICT NO.93
REAL ESTATE PURCHASES 2004-2014
OWNER
SITE
DATE
ACRES
PRICE/ACRE
TOTAL
Eagle Farms
Cloverdale
12-29-2004
3.25
$18,000
$58,500.00
Keith Hansen
Rimrock
1-30-2005
11.40
$15,000
$171,000.00
Jay Johnson
Woodland Hills
2-28-2005
22.22
$8,000
$177,760.00
Keith Hansen
Rimrock
4-06-2005
.60
$15,000
$9,000.00
Val Johnson
Discovery
8-02-2006
12.57
$14,000
$176,365.00
Jay Johnson
Hitt Road
9-06-2006
12.00
$25,000
$300,000.00
Jerry Welker
Fairview
12-20-2006
1.3 + house
$154,000.00
WT Development
Bridgewater
1-08-2007
11.71
trade 11.43 +
$58,500.00
Fred Adams
52nd East
10-01-2007
14.00
$27,500*
$385,000.00
Jay Johnson
Courtland Ridge
12-12-2008
13.00
$30,000
$390,000.00
John Empey
Mt. Valley
12-12-2008
15.46
$32,341
$500,000.00
John Empey
Mt. Valley
5-29-2009
4.50
$36,888
$166,000.00
Robert Suitter
4511 E. 1St St.
12-30-2009
79.70
$20,250*
$1,613,925.00
Ralph Knight
97th N. Hitt Rd.
5-04-2011
15.00
$8,000
$119,201.44
Stan Boyle
N.E. of Redrock
5-26-2011
19.00
$12,000
$228,374.50
Ralph Knight
97th N. Hitt Rd.
11-2-2011
10.00
$7,000
$70,000.00
Mike Armstrong
Warm Spring Med.
3-27-2012
14.93
$17,000*
$253,810.00
Howard.L. Johnson
CAL Warehouse
5=24-2012
36,000 s.f. Building
on 3.2 A.
$1,375,000.00
Tebbin Johnson
Crow Creek
6-1-2012
11.77
$15,000
$176,550.00
Troy Kartchner
Crow Creek
6-1-2012
1.88
4 lots
$56,000.00
Steven Stanger
11t Street
4-8-2014
40.00
$10,000
$400,000
PiperJaff ray.
MEMO
Date: June 22, 2016
To: Bonneville Jt. School District No. 93 Board of Trustees & Administration
From: Eric Heringer, Piper Jaffray & Co.
Re: Bond & Levy Planning Review
The following information summarizes the bond and levy planning that was completed
in preparation for the November 2015 bond election (and subsequent Series 2016 bond
sale) for the District's third high school.
The Series 2016 Bond repayment was structured around the District's existing bond and
other levies to provide the following:
1. Minimize the tax impact at $0.35 per $1,000 tax rate increase. The District's total
property tax rate is expected to increase from $5.45 per $1,000 (current year) to
$5.80 per $1,000 (in FY 2017 & after).
2. Establish a "sustainable" property tax rate that anticipates the following future
bond and levy needs:
✓ Provide the ability to annually consider an Emergency Levy at 0.60 per $1,000
maximum allowable tax rate;
✓ Provide the ability to consider increasing the Supplemental M&O Levy to
$5.8 million for FY 2018 and FY 2019 and then increase amount every 2 years
by 4% (annualized);
✓ Maintain and renew the annual Plant Facility Levy at $2.8 million;
✓ Consider the following bond elections:
0 2018 Election for Elementary School additions ($11.9 Million)
0 2022 Election for new Middle School ($47.8 Million)
o These future bond elections may require a tax rate increase depending
on future market value growth.
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PiperJaff ray
3. The Market Value Growth assumption used in the planning model was 4%
annual growth.
✓ Preliminary indication from Bonneville County Assessor suggests 6.5%
market value growth this year (FY 2017)
✓ The District's most recent 20 -year compound growth rate is 7.45%.
Important Disclosure
Piper Jaffray is providing the information contained herein for discussion purposes only in anticipation of
being engaged to serve as underwriter or placement agent on a future transaction and not as a financial
advisor or municipal advisor. In providing the information contained herein, Piper Jaffray is not
recommending an action to you and the information provided herein is not intended to be and should
not be construed as a "recommendation" or "advice" within the meaning of Section 15B of the Securities
Exchange Act of 1934. Piper Jaffray is not acting as an advisor to you and does not owe a fiduciary duty
pursuant to Section 15B of the Exchange Act or under any state law to you with respect to the
information and material contained in this communication. As an underwriter or placement agent, Piper
Jaffray's primary role is to purchase or arrange for the placement of securities with a view to distribution
In an arm's-length commercial transaction, is acting for its own interests and has financial and other
interests that differ from your interests. You should discuss any information and material contained in
this communication with any and all internal or external advisors and experts that you deem appropriate
before acting on this information or material.
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