Measure H Financial Overview Highlights Bond Projects Update

Measure H Financial Overview Highlights and

Bond Projects Update_______________________________

Presented to the Measure HCitizens’ Bond Oversight Committee

10/22/2019

Financial Overview Highlights

$935,311 of bond interest accumulated through 6/30/2019to be used for future bond projects.

Financial Overview Highlights (continued)

Blue = Budget Decrease Red = Budget Increase or New Project

Financial Overview Highlights (continued)

Series B Issuance

MEASURE H GENERAL OBLIGATION BONDSSeries B Issuance$40,000,000

Series BFederally Tax Exempt

Series B‐1Federally Taxable

Principal Amount $20,000,000.00 $20,000,000.00

Underwriter's Discount* ‐‐ 80,000.00

Costs of Issuance 125,526.27 114,473.73

Net Proceeds $19,874,473.73 $19,805,526.27

Must spend 85% of Net Proceeds within three years of issuance date (by 10/03/2022)

YES NO

*Underwriter's Discount for Federally Tax Exempt issuance covered by premium pricing.

Veterans Support and Success Center

Project Start: 4/2019

Est. Completion:1/2020

Veterans Support and Success Center

Building Front Entry

RPSTC Classroom Buildings



Exterior and interior of Agency Building

RPSTC Classroom Buildings

Agency Building

Classroom Building Foundation Prep

Northwest Campus Infrastructure Project



Parking lot and sewer project adjacent to RPSTC Classroom Buildings

CTE Building and Covered Storage

Laying the Foundation



CTE Building and Covered Storage

Covered Storage Foundation

CTE Building Foundation

Tehama Campus Student Services Building



Groundbreaking Ceremony

Wednesday, October 23rd, 10:00 AMTehama Campus – Red Bluff

Tehama Campus Student Services Building

Campus Safety Renovation

Campus Safety Furniture

New Archaeology Storage Shed


Substantially Complete!

ShufelbergerConstruction, Inc.

Campus Safety Site Work and ADA Paths of Travel



Projects Update

179,000

TrinityCampus

Shasta CollegeMain Campus

61 miles51 miles

Approval Received

Construction Commenced/To Commence:• Campus Safety Relocation – Interior Remodel (substantially complete)

• Campus Safety Site Work and ADA Paths of Travel (to be completed 10/2019)

• Solar Project – East Parking Lot (to be substantially completed 12/2019)

• Veterans Center Building (to be completed 1/2020)

• Regional Public Safety Training Center Classroom Buildings (to be completed 4/2020)

• Northwest Campus Infrastructure – adjacent to RPSTC Classroom Buildings (to be completed 4/2020)

• CTE Building and Covered Storage (to be completed 5/2020)

• Tehama Campus Student Services Building (to be completed 10/2020)

In Bid Process/Bid to be Awarded:• Computer Information Systems (CIS) Building (prepping for bid)

Projects Update (continued)

179,000

TrinityCampus


61 miles51 miles

Under DSA Review

Design / Construction Documents Phase

Pre‐Design Phase• 200 Building (Library) Renovation (FPP submitted to Chancellor’s Office 7/11/19 – Notification of project advancement to next level of review to be received late November 2019)

Other Projects

TrinityCampus


61 miles51 miles

Current/Upcoming Projects

• Summer 2019 Infrastructure Project (substantially complete)

• 200 Building Exterior Infrastructure/ADA Walkway/Patio Project (to be completed 10/2019)

• SC Main Campus Keying & Access Control (bid awarded at 10/16/19 board meeting)

• Shasta College Storage Building (to be completed 2/2020)

• Farm Headhouse – Horticulture Building 4500 Shade Structure(PAA ratified at 10/16/19 board meeting)

Completed Projects179,000

TrinityCampus


61 miles

• 2400 Building Electrical Upgrade

• Athletic Fieldhouse with Restrooms

• Gymnasium Air Conditioning

• HSUC Folding Wall Replacement

• Interior/Exterior Lighting Project – Prop 39 & Bond

• Northeast Campus Infrastructure

• Regional Public Safety Training Center – Phase One

• SC Safety & Security Standards

New Member Training


10/22/2019

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Citizens’ Bond Oversight Committee Members

Citizens’ Bond Oversight Committee FacilitatorsDr. Joe Wyse, Superintendent/PresidentMorris Rodrigue, Asst. Superintendent/VP of Administrative ServicesGeorge Estrada, Director of Physical PlantTheresa Markword, Bond Program Manager

Committee Member Name / Position Area of Representation

Joe Ayer, Chair Taxpayers’ Association

Rick Fauss Business Organization

Steve Hosler, Vice Chair Senior Citizens’ Organization

Hana Lynn SC Student Representative

Robbie Middleton College Support Organization

Paula Percy At-Large Representative

Dr. Fabio Robles At-Large Representative (Trinity County)

Bob Steinacher At-Large Representative (Tehama County)

Introductions

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Citizens’ Bond Oversight Committee

Purpose

“The purpose of the citizens’ oversight committee shall

be to inform the public concerning the expenditure of

bond revenues. The citizens’ oversight committee shall

actively review and report on the proper expenditure of

taxpayers’ money for school construction.”Education Code §15278(b)

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Proper Expenditures

Construction

Remodeling

Replacement

Furniture, Fixtures and Equipment

Real Property Purchases

Real Property Leases

Expenditures must conform to the list of specific facilities

projects to be funded as presented to the

District voters.

Operational costs—such as teacher oradministrator salaries, or other school operating expenses—are not allowed.

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Committee Activities

Bond Financial Overview providing issuance and expenditure information

Bond annual independent financial and performance audits

The District’s Governing Board responses to audit findings

Facilities and grounds related to bond projects

Efforts by the District to maximize bond proceeds through cost‐saving measures

REVIEW:

REPORT: Annual Report to the Community (prepared at January meeting)

Post information on the Citizens’ Bond Oversight Committee web pages

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Quorum = A majority of the number of committee members, currently 5 out of 8

The Brown Act

Open and public meetings

No serial meetings

Shasta College Community Leadership CenterDowntown Redding


10/22/2019

BLOCK 7 | REDDING, CATOTAL: 82,100 SF / 2.4 ACRES

CALIFORNIA STREET

CALIFORNIA MARKET ALLEY

MARKET STREET

YUB

AST

REE

T

TEH

AMA

STR

EET

HSUC

Shasta College CommunityLeadership Center

Shasta College Community Leadership CenterRenderings

Shasta College Community Leadership CenterRenderings (continued)

Potential Designs

Shasta College Anchor of Our Community

Proper expenditure of bond funds: “Upgrade and expand facilities for career training in well-paying careers and transfer to universities”

Expand infrastructure and footprint in high profile, central location Creates future partnership opportunities Increases marketing and media relations Primary higher education institution in our community Investment (financial and community) Equity Appreciation Grants to Offset Costs Potential New Market Tax Credits ($2-$5 Million)

PROJECT BENEFITS

Shasta College Community Leadership CenterThe Backbone

Job training and outreach focused on benefitting current and potential students, including low-income populations

Business training center New community education opportunities for influx of downtown residents Fulfills obligation to provide leadership in community, especially post-fire

recovery Integral leadership role with the City of Redding, business community, and

philanthropic organizations Central link between the District and local and regional businesses and

industries

Shasta College Community Leadership CenterPrograms Located in the Center

Community Education

Foster Kinship Care

CalWorks

Economic and Workforce Development

Grant Development

North State Together

Research Center

Shasta College Regional Alliance Center

Job Training Center

Other non-profits or educational partners (Chico State and United Way are interested tenants)

CALIFORNIASTREET

CALIFORNIA MARKETALLEY

MARKET STREET

YUBA

STR

EET

TEH

AMA

STR

EET

BU

TTE

STR

EET

HSUC

Shasta College Community Leadership Center

(Parking)

(Residential)

SC Community Leadership Center & Adjacent BuildingsSite Plan

Anticipated Completion: 2022‐2023

Downtown Redding InvestmentReclaiming the Streets, Boulevards & Identity

One‐way streets converted to two‐way streets

Walking loop to connect with Sundial Bridge

Residential units creating foot traffic

Vibrant downtown living

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For more information…About SC / Bond Information / 2016 Bond Measure H

[email protected] / 242‐7699

Theresa Markword, Bond Program Manager

Measure H Financial Overview Highlights Bond Projects Update

Documents

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