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Master Plan

Priorities &
Funding Options
Presentation to
Board of Trustees
December 4, 2015

Meeting Objectives

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

Proposed Funding Structure of Phase I - $255 Million

3 Phases over a ten-year period between 2016-2025

Phase I (A)

$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)

$60 million for District-wide new construction

$45 million Revenue Bonds in 2025

Debt capacity created by the payoff of 2007 Bonds

Complete Phase I projects

Master Plan Phase I (A) Proposal Version 1

New building size (Sq. Ft.)

Using
Smith
GroupJJR
+ MijaresMora
Cost
Estimates
Version 1
of 3

New building cost

Soft costs

Subtotal

VV

MdP

RG

RG
Garage

NW

100,000

40,000

50,000

30,000

19,000

12,000

251,000

$27.0

$10.8

$13.5

$3.4

$5.1

$3.2

$63.0

9.5

3.8

4.7

0.3

1.8

1.1

21.2

$36.5

$14.6

$18.2

$3.7

$6.9

$4.3

$84.2

Total

Other costs
IT

$2.0

Wayfinding

1.2

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

2.0

Total
1.
2.
3.
4.

TM

All costs above in millions

Soft costs for garage calculated at 9% of construction cost
All other soft costs calculated at 35% of construction cost
Garage new construction calculated at $114 per sq. ft.

$89.4
5.
6.
7.

All other new construction costs calculated at $270 per sq. ft.
Renovation of Temple Mt. Sinai Building to be predominantly funded by sale
of Stanton properties
District-wide fire alarm system and door locks projects to be funded by
Project Reserve Fund

Master Plan Phase I (A) Proposal Version 2

New building size (Sq. Ft.)

Using
Smith
GroupJJR
+ MijaresMora
Cost
Estimates
Version 2
of 3

New building cost

Soft costs

Subtotal

VV

MdP

RG

RG
Garage

77,778

30,741

38,519

30,000

177,038

$21.0

$8.3

$10.4

$3.4

$0.0

$0.0

$43.1

7.4

2.9

3.6

0.3

0.0

0.0

14.2

$28.4

$11.2

$14.0

$3.7

$0.0

$0.0

$57.3

TM

Total

Other costs
IT

$2.0

Wayfinding

1.2

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

2.0

Total
1.
2.
3.
4.

NW

All costs above in millions

Soft costs for garage only calculated at 9% of construction cost
All other soft costs calculated at 35% of construction cost
Garage new construction calculated at $114 per sq. ft.

$62.5
5.
6.
7.

All other new construction costs calculated at $270 per sq. ft.
Renovation of Temple Mt. Sinai Building to be predominantly funded by sale
of Stanton properties
District-wide fire alarm system and door locks projects to be funded by
Project Reserve Fund

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

New building size (Sq. Ft.)

Using
Smith
GroupJJR
+ MijaresMora
Cost
Estimates
Version 3
of 3

New building cost

Soft costs

Subtotal

RG
Garage

NW

30,000

15,000

12,000

177,000

$8.1

$0.0

$3.4

$4.1

$3.2

$43.1

8.5

2.8

0.0

0.3

1.4

1.1

14.1

$32.8

$10.9

$0.0

$3.7

$5.5

$4.3

$57.2

VV

MdP

90,000

30,000

$24.3

TM

Total

Other costs
IT

$2.0

Wayfinding

1.2

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

2.0

Total
1.
2.
3.
4.

RG

All costs above in millions

Soft costs for garage only calculated at 9% of construction cost
All other soft costs calculated at 35% of construction cost
Garage new construction calculated at $114 per sq. ft.

$62.4
5.
6.
7.

All other new construction costs calculated at $270 per sq. ft.
Renovation of Temple Mt. Sinai Building to be predominantly funded by sale
of Stanton properties
District-wide fire alarm system and door locks projects to be funded by
Project Reserve Fund

The Best Place to Start

2016-2017 Projections
Impact on Tuition & General Use Fees
General Use Fee Increase
2015-16
$15 GUF

2016-17
Increase $5
$20 GUF

Tuition & Fees increase/credit hour

Tuition & General Use Fee Increases

2016-17
Increase $5
$20 GUF

2016-17
Increase $5
$20 GUF

2016-17
Increase $5
$20 GUF

$1

$3

$5

% increase-Resident

5.05%

6.06%

8.08%

10.10%

% increase-Nonresident

2.98%

3.57%

4.76%

5.95%

% increase-Resident

1.19%

3.57%

5.95%

% increase-Nonresident

0.65%

1.96%

3.27%

Tuition increase/credit hour

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

The Best Place to Start

Tuition & Fees/Tax Rate Comparisons

Between Texas Public Community Colleges
College District

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

Tuition & Fees

Total per SCH

In-District / Out-of-State

In-District / Out-of-State

Tax 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

$660

$2,460

$55

$205

0.1495000

Tarrant
Source: TACC Fall 2015 Tuition & Fees Survey

Tax impact $25.50

Tax impact $38.13

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