1Plains ISD Bond Information

Plains ISD Bond Program

Planning history Condition of existing facilities Summary of improvements Conceptual plan Schedule Tax information Voting information

9-30-10

2Plains ISD Bond Information

2008 2009 2010J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D

Planning History

Board selects PSC for facility assessment

Community group tours facilities, provides input from facilities questionnaire

PSC presents facility assessment to Board

Board decides to enter master planning, selects committee of 16

Master Planning Committee meets & develops master plan

Master plan submitted & recommendation made to Board

Board declines to call election. Concludes planning with PSC

Board selects HCA to provide master planning

HCA presents revised master plan to Board

Board holds 8 regular & special planning meetings

Board calls November bond election

3Plains ISD Bond Information

Building Condition

High School Auditorium, Gyms, Pool

Jr High-Library Old Gym Elementary & Cafeteria

3 Voc Labs & Band Hall

0%

20%

40%

60%

80%

100%

120%

81%

39%

100%

79% 81%

59%

Replacement Threshold 66%

Facility Condition Index (FCI) = Renovation Cost divided by Replacement Cost

4Plains ISD Bond Information

Two Evaluations Recommend Replacement

High School Auditorium, Gyms, Pool

Jr High-Library

Old Gym Elementary & Cafeteria

3 Voc Labs & Band Hall

0%

20%

40%

60%

80%

100%

120%

81%

39%

100%

79% 81%

59%

Facility Condition Index (FCI) = Renovation Cost divided by Replacement Cost

(Includes additions to support educational program)

Replacement Threshold 66%

Modified Recapitalization Method = Repair Cost divided by Replacement Cost

5Plains ISD Bond Information

Summary of Improvements

Phase 1 Phase 2

Jr. High School

High School

Library

Commons

Administration Space

Elementary

Cafeteria & Kitchen

Vocational Labs

Band Hall

$31 Million Total Estimated Cost

6Plains ISD Bond Information

Conceptual Plan

7Plains ISD Bond Information

Construction Schedule

2011 2012 2013J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D

Phase 1                                                                        

Design & Drawings                                                                        

Construction                                                                        

Phase 2                                                                        

Design & Drawings                                                                        

Construction                                                                        

                                                                       

8Plains ISD Bond Information

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010$0.00

$0.50

$1.00

$1.50

$2.00

Historic Tax RateSchool tax rate per $100 valuation

19th Lowest Tax Rate in the State for 2009-10

9Plains ISD Bond Information

Tax Information

Estimated tax impact (rounded) for various property types within the district.

Pasture/cropland is per 640 acres for average tax value per acre.

Property Monthly Tax Increase Yearly Tax Increase

$45,574 Home (avg) $6 $72

$100,000 Home $18 $216

$150,000 Home $30 $360

Native Pasture $4 $48

Improved Pasture $8 $96

Dry Cropland $24 $288

Irrigated Cropland $80 $960

10Plains ISD Bond Information

$0

$50

$100

$150

$200

$250

$300

$350

$400

$45,574 Average HomeValue

$100,000 Home Value $150,000 Home Value

$72

$216

$360

Ann

ual I

&S

Tax

Inc

reas

e2010 Bond Program -

Projected Annual Interest & Sinking Fund Tax IncreaseFor Various Home Values(A)

__________

11Plains ISD Bond Information

$6

$18

$30

$0

$5

$10

$15

$20

$25

$30

$35

Mon

thly

I&

S T

ax Inc

reas

e

$45,574 Average Home Value $100,000 Home Value $150,000 Home Value

2010 Bond Program -Projected Monthly Interest & Sinking Fund Tax Increase

For Various Home Values(A)

__________(A) Taxes are net of the 20% Optional and State mandated $15,000 Residential Homestead Exemption.

12Plains ISD Bond Information

$48 $96

$288

$960

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

$1,000

$1,100

Ann

ual I

&S

Tax

Inc

reas

e

Native Pasture (Average taxvalue of $23.02 per acre)

Improved Pasture (Averagetax value of $45.05 per acre)

Dry Cropland (Average taxvalue of $131.53 per acre)

Irrigated Cropland (Averagetax value of $440.08 per acre)

2010 Bond Program -Projected Annual Interest & Sinking Fund Tax Increase

For Types Of Acreage (Based Upon 640 Acres)

__________(A) Source: Yoakum County Appraisal District and District records.

13Plains ISD Bond Information

$4$8

$24

$80

$0

$10

$20

$30

$40

$50

$60

$70

$80

$90

Mon

thly

I&

S T

ax Inc

reas

e

Native Pasture (Average taxvalue of $23.02 per acre)

Improved Pasture (Average taxvalue of $45.05 per acre)

Dry Cropland (Average taxvalue of $131.53 per acre)

Irrigated Cropland (Average taxvalue of $440.08 per acre)

2010 Bond Program -Projected Monthly Interest & Sinking Fund Tax Increase

For Types Of Acreage (Based Upon 640 Acres)

__________(A) Source: Yoakum County Appraisal District and District records.

14Plains ISD Bond Information

Other Recent Bond Programs

Andrews

Lubbock

Abernathy Crane Dawson

Denver City Dimmitt Frenship

Lubbock Cooper SeminoleMidland Stanton

15Plains ISD Bond Information

Voting Information

Early Voting Monday, Oct 18 – Friday, Oct 29, 2010 (weekdays)

8 AM to 4 PM at Plains ISD Administration Building

Election Day VotingNovember 2, 2010

7 AM to 7 PM at the Plains Community Building

Residents must be registered by Oct. 4 to vote

ü

Nov 2l

16Plains ISD Bond Information

For additional information:

www.plainsisd.net

Call Plains ISD at 806-456-7401