| Home |
| About
SMCISD |
| Board
of Trustees |
| Campuses |
| Departments |
| School
Construction |
| Parent
Links |
| Employment |
| Employee
Services |
| Community
Partners |
| Contact
Us |
|
|
|
Bond
Oversight Committee
Meeting Notes  |
| Feb 13, 2007 |
| Dec 12, 2006 |
| Nov 14, 2006 |
| Sep 12, 2006 |
| Aug 08, 2006 |
| Jul 11, 2006 |
| Apr 11, 2006 |
| Jan 10, 2006 |
| Dec 13, 2005 |
| Nov 08, 2005 |
| Oct 11, 2005 |
| Aug 09, 2005 |
| Jul 12, 2005 |
| Apr 12, 2005 |
| Feb
08, 2005 |
| Dec
14, 2004 |
| Board
Building Committee
Meeting Notes |
| Feb 04, 2005 |
|
|
| |
 School
Construction Zone |
| |
SMCISD
Facilities Director Mike Horton is working with architectural
firm Pfluger Associates to complete the design phase on
the first series of projects made possible by the February
2004 Bond Election. Voters passed two propositions totaling
$122,724,014.
|
| |
New
San Marcos High School |
|
- SMCISD moved in to the new facility in late August 2007
- Traffic and remaining construction issues are being addressed
- Project has won an Excellence Award in the K-12 Category of the Texas Construction Magazine’s Best of 2007 Awards Program
- Total area of new school = 347,037 sf
- Construction Cost = $52,729,379.00
|
|
|
Photo by Andre Gibson taken September 2007 |
| |
Improvements
to De Zavala Elementary School |
- Increased
student capacity from 600 to 700 students
- New
Library
- New
computer classroom addition
- Conversion
of existing library into multi-purpose science and art
classroom and a life skills classroom
- Conversion
of computer lab into a teachers’ workroom
- Renovation
of serving area in the cafeteria to allow space for two
serving lines instead of one
- Improvements
to the air conditioning, electrical, lighting and fire
alarm systems
|
New
Bowie Elementary School |
|
|
New
Travis Elementary School |
- Travis is scheduled to be entirely completed by the Fall of 2008. Students and staff will move into the new school about mid-January 2008; outside work will continue throughout the summer.
- After the new building is completed, the contractor must demolish the existing buildings to make room for the new parking and drives for the new campus.
- The Travis campus will accommodate a student capacity of 600 students, with core facilities for 900 students
- Total area of new school = 76,457 sf
- Construction Cost = $11,870,945.00
Travis Elementary , Photo by Andre Gibson taken March 2008.
|
New
Transportation / Maintenance / Purchasing / Warehousing Facility |
- Site
on Hunter Road
|
New Crockett Elementary School |
|
Photo by Andre Gibson taken March 2008 |
- The Crockett campus will accommodate a student capacity of 600 students, with core facilities for 700 students
- Total area of new school = 74,909 sf
- Construction Cost = $11,965,978.00
|
|
DORIS MILLER JUNIOR HIGH (CONVERSION TO MIDDLE SCHOOL) |
- The conversion project is complete
- The 8th graders moved into the new ‘Future Rattlers’ classroom wing and the Industrial Technology addition in August 2007
- The Miller campus can now accommodate a capacity of 900 students for grades 6-8 when realignment occurs
- Total area of additions: 20,396 sf New Construction
- Total renovations: 2,648 sf Interior Renovations
- Construction Cost = $2,825,045.00
|
| |
Reconstruction of the High School to a Middle School |
 Photo by Andre Gibson taken March 2008. |
- Asbestos abatement and demolition has begun on the old High School campus
- The project is currently in the bidding phase, directed by the Construction Manager-At-Risk, Bartlett Cocke
- The converted middle school campus will accommodate a student capacity of 1,100 students for grades 6-8 when realignment occurs
- The middle school project is scheduled to be completed by the summer 2009
- Total area of proposed campus = 185,148 sf consisting of:
- Total additions: 70,172 sf New Construction
- Total renovations: 28,933 sf Interior Renovations
- Total building area to remain: 86,043 sf
- *Estimated Construction Cost = $18,152, 839.00*
|
The
grade levels will be realigned when all construction is
complete. All Bond Projects are slated for completion by
2009.
|
|
|
Bonds & Buildings
Posted October 16, 2006
Refunding Bonds Sold
On October 11, 2006, the District sold $57.4 million in Refunding Bonds to retire a portion of the bonds sold in 2004. The bonds sold essentially “pay-off” a portion of the 2004 debt and replace it with debt that carries a lower interest rate. The interest cost for the refunded bonds is 4.54%. The 2004 bonds sold carried a rate of 5.03%. The total interest savings is over $4.6 million. Present Value savings are 3.57%
The new debt was structured to keep the Debt Service tax rate stable at $0.33 until 2010. This was accomplished by “front-loading” principal payments in 2007-2010, thereby increasing the interest savings by paying off bond principal earlier. Beyond 2010, the debt tax rate will be determined by the taxable value of property in the District. Using conservative estimates of property value growth, the debt rate has the potential to decrease from its present levels after 2010. Should the taxable values increase beyond what is estimated, the debt rate could be lowered even further, either offering taxpayers a lower overall tax rate* or positioning the District to conduct another bond election if needed.
Prior to the sale of the Refunding Bonds, Standard & Poor’s and Moody’s, both rating agencies, discussed current financial matters with District staff. After the discussions, both Standard & Poor’s and Moody’s affirmed the District’s underlying ratings of “A” and “A2” respectively, boosting the District’s credit worthiness in the bond market. This boost allows the District to sell bonds at very competitive rates, saving taxpayers interest over the life of the bonds.
* This assumes the current law regarding Maintenance & Operations tax rates will remain in place through the year 2010
|
|
| Bowie Elementary construction photos - Kencon, Ltd. |
|
