Elgin Math & Science Academy
Master Planning Meeting
Date and Time
Location
https://us06web.zoom.us/j/86255051354
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Meeting ID: 862 5505 1354
Agenda
| I. | EMSA Mission | |
| A. | For reference | |
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Mission: At EMSA, students and teachers will reach their highest potential through active exploratory learning and social responsibility.
Vision: We welcome individuals of all backgrounds and abilities We nurture children’s natural curiosity Our students are leaders in their own learning Our teachers & students hold high standards for their own work Our students are critical thinkers who excel in math and science Our students develop the skills to be responsible individuals Master Plan: EMSA’s master plan clarifies our mission and vision, honors campus history, is mindful of our impact on the environment, supports EL Education’s innovative learning model, and builds a sustainable campus. Campus Roots: We are committed to rebuilding a thriving educational community, honoring the legacy of our campus, restoring its architecture, and preserving the natural environment. |
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| II. | Opening Items | |
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Opening Items
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| A. | Record Attendance and Guests | |
| B. | Call the Meeting to Order | |
| C. | Approve February 9, 2022 Meeting Minutes | |
| III. | Meeting Time/Location/Check-in | |
| A. | Check-in on committee mtg logistics and expansion | |
| IV. | Construction Update | |
| A. | Annual Budget for Facilities and Related Expenses | |
| B. | Future Building/Grounds Improvement Ideas | |
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Dan is working on pricing the following for Committee/Board consideration as Summer 2022 construction items.
1. Asphalt replacements at four road potholes and two Path potholes 2. Gravel path replacement of lower asphalt path nearer Admin Building 3. Gymnasium "push-button" curtain system 4. 4th grade classroom interior glass installation (sound deadening) 5. ice-melting wire at elementary school north elevation (ice dam problem areas)
Further information will be presented in April. |
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| V. | Campus Strategic Planning | |
| A. | What do we (Board/Admin/Community) envision for optimal facility/building use for K-8? | |
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Discussion of our Fourth Building options, review & discussion of costs of capital borrowing.
Attachments:
Facility Development Options Summary Chart presenting the estimated capital cost, and annual debt service cost, for four different Facility Development Options.
Please note, these figures have changed since late 2021 to reflect the following:
1. Strategy to borrow 18 months' interest during/after construction. This would be done to help ESMA's FY23, FY24, and FY25 Budget to be in surplus, and build up ISBE-required cash reserves. These benefits come at the cost of increased debt.
2. Adjustment of interest-rate assumption to be 5.50% - reflecting turmoil in capital markets, and expected increases to short-term interest rates by the Federal Reserve throughout 2022. This may prove an over-conservative assumption.
3. Increased construction cost assumptions. Construction inflation has been running at an annual 13% rate due to rising energy prices, labor & material costs.
Those four options are:
1. Renovating the full Administration Building for SY2023-24. 2. Renovating the Main and Upper floors of the Administration Building for SY2023-24. 3. Renovating the entire first floor of the Dining Hall for SY2023-24. 4. Renovating a portion of the first floor of the Dining Hall for two classrooms and Code-required bathrooms, but no offices, for SY2023-24.
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| VI. | Environmental Subcommittee Report | |
| A. | Update | |
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| VII. | Committee Goals & Vision | |
| A. | EMSA Mission, Vision & Goals | |
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What GOALS with OBJECTIVES and detailed ACTIVITIES (ie, Action Items) does this Committee want to recommend to the Board related to any of the following pillars (in support of our Mission and Vision):
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| VIII. | Closing Items | |
| A. | Adjourn Meeting | |