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Master PlanPriorities &

Funding Options

Presentation to Board of Trustees

December 4, 2015

• Follow up from November 10th Board Workshop with SmithGroupJJR + Mijares-Mora

• Present recommendations for Master Plan Priorities & Funding Options

• Recommendations based on projected cost of $255 million for Phase I

• Board evaluation and final approval of recommendations by administration

Meeting Objectives

• 3 Phases over a ten-year period between 2016-2025– Phase I (A) $60 million for District-wide new construction

• $10 million in reserve from 2007 Bond proceeds

• $50 million issuance of new Revenue Bonds in 2016

– Phase I (B) $150 million General Obligation Bonds 2020/2021• Fort Bliss Campus construction

• District-wide projects to include renovation of facilities

– Phase I (C) $45 million Revenue Bonds in 2025• Debt capacity created by the payoff of 2007 Bonds

• Complete Phase I projects

Proposed Funding Structure of Phase I - $255 Million

VV MdP RGRG

GarageNW TM Total

New building size (Sq. Ft.) 100,000 40,000 50,000 30,000 19,000 12,000 251,000

New building cost $27.0 $10.8 $13.5 $3.4 $5.1 $3.2 $63.0

Soft costs 9.5 3.8 4.7 0.3 1.8 1.1 21.2

Subtotal $36.5 $14.6 $18.2 $3.7 $6.9 $4.3 $84.2

Other costs

IT $2.0

Wayfinding 1.2

Renovate Temple Mt. Sinai Bldg. (25,000 sq. ft.) 2.0

Total $89.4

• Using Smith GroupJJR+ Mijares-Mora Cost Estimates

• Version 1 of 3

5. All other new construction costs calculated at $270 per sq. ft.6. Renovation of Temple Mt. Sinai Building to be predominantly funded by sale

of Stanton properties7. District-wide fire alarm system and door locks projects to be funded by

Project Reserve Fund

1. All costs above in millions2. Soft costs for garage calculated at 9% of construction cost3. All other soft costs calculated at 35% of construction cost4. Garage new construction calculated at $114 per sq. ft.

Master Plan Phase I (A) Proposal – Version 1

VV MdP RGRG

GarageNW TM Total

New building size (Sq. Ft.) 77,778 30,741 38,519 30,000 0 0 177,038

New building cost $21.0 $8.3 $10.4 $3.4 $0.0 $0.0 $43.1

Soft costs 7.4 2.9 3.6 0.3 0.0 0.0 14.2

Subtotal $28.4 $11.2 $14.0 $3.7 $0.0 $0.0 $57.3

Other costs

IT $2.0

Wayfinding 1.2

Renovate Temple Mt. Sinai Bldg. (25,000 sq. ft.) 2.0

Total $62.5

• Using Smith GroupJJR+ Mijares-Mora Cost Estimates

• Version 2 of 3

5. All other new construction costs calculated at $270 per sq. ft.6. Renovation of Temple Mt. Sinai Building to be predominantly funded by sale

of Stanton properties7. District-wide fire alarm system and door locks projects to be funded by

Project Reserve Fund

1. All costs above in millions2. Soft costs for garage only calculated at 9% of construction cost3. All other soft costs calculated at 35% of construction cost4. Garage new construction calculated at $114 per sq. ft.

Master Plan Phase I (A) Proposal – Version 2

VV MdP RGRG

GarageNW TM Total

New building size (Sq. Ft.) 90,000 30,000 0 30,000 15,000 12,000 177,000

New building cost $24.3 $8.1 $0.0 $3.4 $4.1 $3.2 $43.1

Soft costs 8.5 2.8 0.0 0.3 1.4 1.1 14.1

Subtotal $32.8 $10.9 $0.0 $3.7 $5.5 $4.3 $57.2

Other costs

IT $2.0

Wayfinding 1.2

Renovate Temple Mt. Sinai Bldg. (25,000 sq. ft.) 2.0

Total $62.4

• Using Smith GroupJJR+ Mijares-Mora Cost Estimates

• Version 3of 3

5. All other new construction costs calculated at $270 per sq. ft.6. Renovation of Temple Mt. Sinai Building to be predominantly funded by sale

of Stanton properties7. District-wide fire alarm system and door locks projects to be funded by

Project Reserve Fund

1. All costs above in millions2. Soft costs for garage only calculated at 9% of construction cost3. All other soft costs calculated at 35% of construction cost4. Garage new construction calculated at $114 per sq. ft.

Master Plan Phase I (A) Proposal – Version 3 (Recommended)

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2016-2017 ProjectionsImpact on Tuition & General Use Fees

General Use Fee Increase Tuition & General Use Fee Increases

2015-16

$15 GUF

2016-17 Increase $5

$20 GUF

2016-17Increase $5

$20 GUF

2016-17Increase $5

$20 GUF

2016-17Increase $5

$20 GUF

Tuition & Fees increase/credit hour $1 $3 $5

% increase-Resident 5.05% 6.06% 8.08% 10.10%

% increase-Nonresident 2.98% 3.57% 4.76% 5.95%

Tuition increase/credit hour

% increase-Resident 1.19% 3.57% 5.95%

% increase-Nonresident 0.65% 1.96% 3.27%

Resident tuition & fees/credit hour $99 $104 $105 $107 $109

Nonresident tuition & fees/credit hour $168 $173 $174 $176 $178

Resident tuition & fees for 12 credit hours $1,188 $1,248 $1,260 $1,284 $1,308

Nonresident tuition & fees for 12 credit hours $2,016 $2,076 $2,088 $2,112 $2,136

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College DistrictTuition & Fees

In-District / Out-of-StateTotal per SCH

In-District / Out-of-StateTax Rate

Alamo $868 $4,329 $72 $361 0.1491500

Austin $1,020 $4,536 $85 $378 0.0942000

Collin $470 $1,658 $39 $138 0.0819600

Dallas $708 $2,088 $59 $174 0.1247750

Del Mar $1,181 $2,225 $98 $185 0.2480730

El Paso $1,188 $2,016 $99 $168 0.1281220

Houston $816 $1,878 $68 $157 0.1068900

Lone Star $806 $1,826 $67 $152 0.1081000

San Jacinto $734 $1,958 $61 $163 0.1856020

South Texas $1,362 $1,758 $114 $147 0.1850000

Tarrant $660 $2,460 $55 $205 0.1495000

Tuition & Fees/Tax Rate Comparisons Between Texas Public Community Colleges

Source: TACC Fall 2015 Tuition & Fees Survey

Total per SCH is the average tuition and fees per credit hour.

Tax impact $25.50

Tax impact $38.13

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