Richland Bean Blossom School Board Work Session, September 9, 2025

001Okay. Well, uh this is our uh first time uh having a work session recorded and I want to thank Catz for for being here tonight uh to do that. Uh this is a work session uh to to really take a look at uh potential construction uh projects uh and also to talk about uh bonding and the implica implementation implementations about that. Still don't think I got that right. And uh so um I'd like to thank Miesa from uh Lancer and Victor and Martin from uh Skilman and uh Matt from uh Stifel for being here tonight. And uh first of all, we're going to go through uh a PowerPoint presentation uh that will explain further uh some of the projects and uh also look at some uh budgetary uh uh items. And then I put together

002a recommendation and uh nothing's written in stone on that recommendation. It was really just to kind of say here's my idea of of where we can go and where we could take uh different projects out of. Uh we have uh two uh general obligation bonds that uh have uh funds available to us and uh we also have uh some past uh construction bond uh uh funds that that we could take a look at. uh and uh see what projects we want to take from them. Uh, and so, uh, like to just, uh, hope we can get, uh, be productive in our conversations and, uh, and, uh, including I'm talking to myself and not go too down to too many rabbit holes, but kind of try to My goal tonight would be to, uh, hopefully for

003the for uh, the board to uh, provide some guidance and direction in general and uh nothing will be voted on tonight, but just give us a a road map of where we go from here. So, I'm going to turn it over to Misha first and we'll get started. >> Okay. Well, thank you so much, uh Misha with Lancer Associates. Uh thank you so much for having us back. Uh so, I'll go through a few uh visuals of what some of the additions and projects might look like or where they might be located on the campus map. uh please feel free to stop me at any point in time and ask questions and uh should be a conversational part. So we will start with a high school graphic and I do have two different options uh

004for this piece and it's mainly deals with the biomedical labs. Uh so what we are looking at is really an addition right over there uh next to the existing band and choir area. So, this is an lighter pink. And then we're looking at a larger addition of the band and choir. Uh, that's going to be on the east side of the building. So, that's kind of choir, larger area, band. There also opportunity to put a uh kind of a second story observation deck and practice rooms and storage rooms uh up there. Uh we also have some uh offices uh storage rooms uh also an assembly assemble room there. Uh and then just keeping a corridor as a connection between the existing building and the new part. Uh in terms of the existing uh band and

005choir room, we're looking at potentially adding six more classrooms into the building. So that's uh going to be different in option two. and then building out the new biomedical labs uh over in this area here. So, those will be kind of larger kind of and they really can be designed to anything that uh you would want. >> I'm sorry. >> Oh, I thought there was a question. >> I was I was seeing where the end of the building here. >> Yes. So, yeah, the existing end of the building is right over in this area. So anything in the darker red is really building addition I was trying to visualize the biome where that would kind of see >> so yeah it's >> kind of cutting into that parking lot. And then also part of that

006project is going to be an additional parking in the front area kind of where that grassy area is and also a much larger uh added parking on the west side of the building where we added some parking and then kind of expanding that parking even further. >> When you say account for underground detention, >> I know we would be losing some up front. Is that what you're >> No, I think it's kind of also part is that there's probably going to be a underground detention there. So just for cost reasons uh so that Skilman had it in their court to kind of account for that as so that there wouldn't be hopefully too many surprises once construction >> starts. And the drainage on the front I know we had talked about that being >> Yes.

007So, kind of taking that soil that's there and trying to redirect it further down that way. >> Okay. >> And we'll also kind of look into red reconfiguring the existing drive there as we will be taking out some of the parking areas uh in the front of the building. So kind of keeping the existing kind of where the flag pole is and kind of all that landscape area but uh redirecting the traffic a little bit uh so that you have that uh drop off area right in front of the front door, >> right? And then option two is really taking out that addition of biomedical labs and instead uh renovating the existing band and choir rooms to be lab spaces themselves. And in that we are only providing some only three additional classrooms uh for

008the high school to be able to use. And these labs are a little bit smaller uh just so that we can fit within the existing footprint. And that is the main difference between option one and two. >> The pink on option two is >> heavy. >> Yes, it will be a heavy band room. That's identical to what that space is going to look like. >> Well, yeah, we'll clean it out since >> the room looks a lot bigger already. >> Yeah, >> with all those steps out there. Well, but they're taking the current band in choir and making that to biomed labs and three additional classrooms. >> Correct. I like I kind of like that idea. >> Yeah, >> I suppose there's a cost difference too, right? >> Oh, definitely. Yes. >> Yeah. >> And

009then we also will try to make sure that we are keeping the existing structure in place. Uh there are some loadbearing walls. So, we will keep those intact uh and keep the cost. >> How are the current band and choir um square footages compared to what they're going to >> uh they are I believe the band is about 14,500s. What we're looking at with band room is about 4,000. So, we are tripling the size. Well, really for both band and choir. I think it's actually more than that. It's well band will be able to fit. It's not going to have a basketball court, but it will have enough space for basketball court inside of it just because of what they do in terms of practice and uh kind of the space allocations and mats that

010they use there. [Music] >> So, the ATA is combined. Yes. >> That's whole. >> And one of them was going to be have over like over two story type there, wasn't it? >> Yes. >> The band or the choir? I don't remember. >> Both of them. >> Oh, really? >> Yes. >> On either side. >> Just a deck across everything. >> Okay, cool. Yeah, >> I like that. >> I do like I didn't realize it was for both of them, right? >> Once we kind of go up, might as well use that since circulation that way. It's seems humongous. >> It's It's much bigger, but it is what a lot of high schools are moving towards. Um, so >> it's roughly the size of your band and choir combined now, >> right? >> The band

011location. >> Yes. What's the square footage of the activity center? >> The new activity center at the back. What's the square footage? >> I wish you hadn't asked me that. Uh, if you give me a second, I can >> That's what course, but >> it's not that big. >> It's not >> smaller than the band require edition. It's less than 18,000, >> right? >> It's probably >> It is less. >> Yes. >> Yeah. >> Well, it's also >> that's the visual >> a shell. >> Uhhuh. >> It's also a shell as compared to as far as cost. >> Correct. Yeah, >> you're talking about the new >> the new activity center. >> Activity center is a >> field house. >> What's official? Toronto's going to call it activity center. >> I think it's field house.

012>> We vote on that. >> We did not. We came tonight. >> Okay. >> The signage is coming as fieldhouse. >> Okay. All right. Anybody >> So there's your answer. >> Anybody school could use it though as of right now. >> Oh yeah. >> Yeah. If we decide not to do a band inquiry, >> right? >> And Aaron will tell you that this is big enough, >> right? >> That's why I was late. I was almost on time. He comes outside. >> I really Yeah. I don't really hear what he tells me. >> I think there are a few of this size around central and south Indiana. So this >> our size schools >> well like Seymour High School. I guess they're bigger than >> Yeah, they're bigger than us. >> But to give you

013an example, you're not out ahead of anybody too much for this. >> I think we got a certain amount of money. >> Quality of the program. >> Do you apologize? The actually the activity center is larger. It's >> is it >> 23,000? Yes. >> 23,000 >> that right there. >> No, the sorry the field house. >> Let's get the ones right. >> We haven't got to any money part yet. >> Relax. >> Deep breath. >> $14.7. >> Right. Should we move on to athletics? So, what we're looking at are renovations to both uh the baseball and softball fields. So, there's a little bit less work at the existing baseball field. So, we will turf the field itself, create a new uh bullpen for both visitors and the home team, as well as uh there's a

014little bit of a great work that we heard that we need to do in terms of raising parts of the field. Um, >> that's correct. >> Exactly. >> Yeah. I thought that was a lower area. >> Then, uh, moving south, we're looking at paving that existing gravel gravel drive so that you've got a nicer entrance there. Possibly putting a new restroom concessions building right at the entrance so that you can also create ticketing there and uh, kind of into that area. possibly creating a new pole barn that you can use for both storage and just quick really changing rooms uh for visiting teams. And then for the field itself, uh we're looking to turf its um new back stops, new sound system, new press box, as well as creating a new uh concrete walkway all

015the way around it to connect uh kind of both to the restrooms and uh to the existing uh concessions building. >> So all the way >> Yes. >> All the way up to the new concession stand. Mhm. >> And then across. That sounds good. >> It's just a walkway. >> The walkway all the way. >> Where's the press box though? >> Right there. >> Uh the new press boxes. >> Oh, beyond home plate. >> Okay. >> So, that little existing building staying out there, that'll come. We got to do something with that, right? Revamp it or >> we we definitely can repaint it and things. >> It's still a solid building. >> Yeah. I think that's also where you're heading for all the athletic lights. >> Notice the fields are red. [Laughter] >> That's just

016diagrammatic for now. >> Yeah, >> we can talk about colors at a later stage. >> Wrong day to say that. >> Okay. And then the last kind of major kind of additions renovation portion that I'll be sharing is the junior high school. So um in the back of that the newest addition of the building uh we're looking at providing the new band and choir rooms there. Um and as well as kind of enough classroom space and uh practice rooms around. Uh that's kind of the main uh comment that we got from when we met with the teachers that they needed a classroom space in between the two. Uh we'll also have uh dedicated choir storage with an overhead door uh there that they use. Uh also we will be providing a new set of restrooms

017on that side of the building just because uh it seems that the existing activity or uh multi-purpose room doesn't have uh access to them right now. >> Uh >> one of these saw earlier was the storage in the hallway. >> Is that still part of this? >> Uh it's kind of in the hallway. It's more inside of the band room. We'll still have some of that uh musical locker rooms there. And then we're still preserving the access into the kitchen there. The uh outdoor space for the cafeteria is still going to be preserved. Might be closed during construction just because of proximity. Um and then the other item is that there's a potential to renovate existing uh band and choir rooms to get you to five classrooms there as well as some offices and small

018group instruction uh over in this area there. Um these classrooms are kind of similar to what you currently have which is I would say is on the smaller side generally uh kind of what we typically see in education facilities but again we are trying to fit within the confines of loadbearing walls and making sure that we're not compromising the structure there. And then you can see kind of this area here is just kind of rewiring the data for the existing uh from the new uh IDF closets in there. >> The white the white part is the new gym, right? >> Yes. >> Exactly. >> Different is it? >> This is different. We talked I thought I thought we talked about leaving a band and choir up the top and doing something >> expanding it out.

019One of the >> that was one of the things that was discussed. >> Yeah. Turn this in the classroom down here. So, we're not >> I didn't think we ended up that way, >> right? >> That was Well, I thought by after listening to the band choir teachers. >> Yeah. >> They're talking about some alternatives they could do up there that they like better. >> Well, we expanded we listened to them. They wanted a little bit bigger space. Mhm. >> Uh so we made some adjustments to the original plan in terms of extending that that expansion area out a little bit further. Um we changed the the uh storage for the band equipment. Uh what else? We added for the storage area. A lot of practice rooms, a lot of u kind of offices, things

020like that. just don't believe that you'll get to a good result renovating existing space just because of the height needed in that space and overall you'll get a better product with Ben & Choir moving into the new position >> is for these square footages that's exactly what we're giving up at B and choir giving up 6800 to get 110 that sound right >> yes >> you talked to about this you talked to Bquire about this. So, they seen this already? >> Oh, yeah. They saw it the original and and then we made those adjustments based on what they said. [Applause] space drivers. >> So, uh, Victor or Martin, do you want to kind of go through the >> Sure. >> estimates? >> I'll start. If I get in trouble, I'll ask Martin help. >> We

021really have three, four pages of estimates here. We've got, so you have to bear with us. Some of them were kind of came together here pretty recently. Um, but this first page starts out with the two different options for the high school. We just collected everything together so that you could look at option one or option two. And it included both the renovations, the additions, and the parking lots. You see the individual costs listed there if you were to choose to do only partial of each option. The big difference between option one and two of course is the fact that option one has the um the actual biolab. So essentially you're you know you're almost $3.6 million because you're adding on uh and still renovating the existing space. So there's a minor difference between renovating

022it into general classrooms versus renovating biomed. >> So that's that's the two differences between those two options. the the next um line item there is the the baseball softball field um renovations that Misha described there that include those are all in all the information that he described the buildings the term the facility updates are included in each one of those projects for a total 5.7 million there and then the uh additions and renovations to the junior high are subtotal there um the big part being the performing arts edition uh as well as the renovation of the old area into and I say classrooms but all the spaces that Misha described there in his design or captured >> in each of these so primarily classrooms but you know restrooms etc incorporated each of the designs. So

023we just gave you a grand total of option one and option two just to give you order of magnitude for all that work but that's not the only work that we're talking about tonight. So, uh, I'll pause there in case you have any questions regarding those estimates. >> So, on the baseball softball fields, the $2 million discrepancies because of the outbuildings. Those are $2 million worth of outbuildings. >> Baseball fields are massive. Baseball >> softball field is 3.8. Baseball is 1.9. >> Oh, yeah. You've got $2 million detached structures. >> You've got lockers and toilet rooms. concessions. Yep. >> Twotory crest box, restroom concession building. Those are the big difference. >> $2 million. That's a lot of money for >> whole barn. Yes, sir. Those those build those out buildings are always expensive because you

024still got all the utilities you got to get to concentrated. Yes, sir. >> But can you explain construction soft cost? Have you are you the board's construction bricks and mortar then we put 25% on those >> think you're still going to refund software >> haven't seen yet >> we'll make it up on the softball construction >> but you're you're Right. >> It does seem like a monster difference. I mean, I was looking at the difference. >> And remember, these are projected costs. >> Oh, I know. >> When we go out and we bid all this, that's the actual number. >> Yeah. But combined, it's spending $18 billion on performing arts. That's a lot. or page on >> I'm looking at the project cost totals. >> Okay. >> On the the the first page of it,

025it's got performing arts edition 11.5 million and 6.5 million, but basically for the junior high that's $18 million. And in spending that we're getting a total of >> uh five classrooms >> um at the junior high and >> anywhere between three and six at the high school. >> So, as far as capacity for educational space, we're not growing much at all >> when we're spending almost half of what we're talking about performing arts. >> I just have a problem with that. >> Mhm. >> Okay. Tell me where the 18 million is. I don't see where the 18 to the first page that has the recognition. >> Got four here. >> Got another >> That one there is for the high school. >> Six here >> and then this down here. >> Okay. >> Is for

026the junior high school >> because there wasn't any 18 million on here. You got to add up. Okay. >> Yeah, you got to add the matter which if you picked option one or two, it doesn't matter. It's the same amount. >> I I don't know. That's hard for me to take. You know, we're >> we're talking about classroom issues and space and >> and where we're headed and doesn't look like we're doing much to to try to do that. >> I think we also had have a ways to go with performing arts. I do too. But I don't know that tripling, quadrupling the size is something that we can afford to do. I mean, yeah, we got a good program, but they've been able to have a really good program in the space they got.

027Give them twice the space and they're going to have a lot more space to do what they're doing. You know what I mean? I just >> Sure. >> Like putting a lot into it. >> Sure. The one thing that I think we've always been very good at is uh basing basing our um plans and uh what we do with our facilities on needs. And we've definitely reached out to uh and I've sometimes in the past we've been criticized for not having enough conversations for with the people uh who use those facilities. And so we've had those conversations, a number of them, with both high school and junior high performing arts folks, and basically this is what they say that they need. Uh so that's kind of where this is coming from. Uh no one has

028gone in and said, "Okay, here's what you need, but we're going to make it even bigger than you want." >> Right? I get that. But I get what they want. But I'm also trying to think of what can we share forward with all of our other needs. >> I mean, I I like the plans because it it it really captures both. It gives us some additional classroom space uh and uh also to uh really take care of performing arts that we really haven't since we've remodeled the auditorium really haven't addressed that too much. But just something I'm just giving some thought back in that I'm a fan of opportunity. >> Yes, >> for sure. I don't like to put that extra add on, but those two labs two lab spaces are actually classroom during the

029day, too. That would be used. Correct. >> Those could be >> this will be during the day. The biomedical training will be during my point is we're doing this so we get the half million dollar grant, right? >> No, we're doing this to provide >> part of it. We have a requirement to to have to spend two million as far as getting >> which we do by doing that >> right >> then but those spaces could be used otherwise in the future if this that program dissipated it's still good use space >> yeah but I I mean I don't really like that approach to it because >> I I know I'm just thinking >> down the road 20 years from now who knows what what the pathways will It's true. >> It's still a useful

030space either way. >> They won't I don't know how I mean what I'm envisioning. I don't know how useful those would be as classroom space. >> It's still going to be >> as they're set up with the lab though, >> right? >> They Yeah. the one of the labs and that's where I was encouraged when we visited uh Boston Scientific and we visited >> right >> um Cook Medical is basically they were shells they were just a large room that looked like a classroom >> right >> um now on the uh the other the second uh training lab >> we're going to try to make put some uh mock hospital rooms in there. Um, >> so >> but they should all the equipment and stuff should be movable. >> Yeah. You know, >> be a

031bed, you know, just anything that's attached to the wall, but >> Yeah. But you can work around that, >> right? >> And I know this is way down the road, but >> we might be able to pull for funding, pull kids from the air hills to use that lab during the day. I mean, we get >> Yeah, we uh We wouldn't pull them from Hooser Hills, but we would we are we are actually uh in our conversation with Boston Scientific to the point where we're going to uh include uh Spencer Owen superintendent. Uh so >> we get some partial those kids coming in with >> right >> with option two. You're getting eight classrooms. So, like for $3.75 billion a classroom, I mean that's you're only getting eight classrooms for $30 million. That's >> I

032I don't know. I >> I mean, and I'm a performing arts person. I mean, >> yeah. I I get that, but it's I I I just I'm just having trouble with the cost of these things to to think that we can afford to go that far. >> Okay. You want to keep going? >> I don't know. Yeah, keep going. We're not we're not voting. We're just we're just learning, but I'm digesting. >> We're digesting. >> We're just having a conversation. Yeah. >> Next page is some costs that we've really kind of worked jointly with school district on in terms of roof replacement and pavement. And uh we've got a lot of roofs in the district and this lists um different components of the high school, the junior high, intermediate, primary school. Um we broke out

033the membrane roof um from the metal roofs uh at the intermediate primary school. Um so that $10 million represents pretty much all the membrane roof on this campus. I don't know if you call this campus or not, but those fun buildings, four buildings. Um, then we've got another number down here. This came from, I think, one of the local contractors to to do a roof over top of the standing seam. Mark and I think that's a healthy number. >> So, uh, there might be some work we can do on that one, but just didn't want to >> we hadn't done any analysis on that. So, kind of disclaimer, that's somebody else's number. Is this handling seam roofs failing? >> That's why Arnold's here. >> That's why I talked to an issue, right? The standing se

034is >> they're not as bad as the flat you were talking about. You want to get another 20 year done with they won't last another 20 in my opinion. right now. >> And I think >> with this money, you're looking for 20 year plans. >> And Arnold, you and I had the conversation, too. We we feel like that number, particularly this standing seam, is probably we got it from a contractor, but we think it's a pretty high number. >> We did. And I believe there's probably other avenues to address that situation as well, as opposed to what he just said. Yeah, I think >> there probably other ways to take care of that without that big of a number, >> right? >> I hesitate because it's not my number, right? So, it could be high,

035could be low. So, I'm just saying there might be some other options that we could explore to look at that. >> And I think Victor, we we at Skillman could we've got the breakdown of what the contractors intending to do. So, I think we could >> we could probably >> I think >> put a pencil to Is is it am I correct that that's not a replacement of the metal one for one metal? It's actually an overlay with a membrane on top of the metal. Is that correct? >> Yeah. >> Which we've done several times. Normally that's less expensive than the original metal. >> So that's why we're we think it's a little heavy. >> Um is my immediate reaction to those numbers. >> Understand that >> you're never upset when the numbers go down.

036You're just upset when the numbers >> I wonder how that would look too though. >> Actually, it's surprising. you probably wouldn't know because they they can they weld on a kind of a rubber seam to make it look like the original metal. >> So, it's it's a nice roof system, but it will replicate that appearance >> and you can get >> projects in caramel that we did over the last 10 years. It's really pretty good solution. >> So, yeah, and as Jerry said, we kind of were bringing these together even today. So, um I think we could take a look at that particularly the standing seam numbers a little harder. >> So, just for the board's information, um then the paving repairs I think another thing that Arnold put some work into. So, I um

037got a lot of asphalt around the district. We captured this by line item um in 1.4 million. So, you can do a lot of asphalt work for 1.4 4 million um parking lots all over. So that's that page just for the board's information. The uh the next page is some specific mechanical uh mechanical projects. The um temperature control system at the high school is I believe kind of end of life. Um and that's a pretty critical infrastructure for the building. Uh the engineers estimate, this is some work that CEC did um for the district is a million dollars. That's as you can imagine that's rounded to the nearest 10,000 I would guess. Um, but that doesn't surprise me for a comprehensive replacement. That wouldn't just be the electronics. That would be new valves and a

038full redo. The next item is the boilers. We got four boilers there. That'd be replacement of the bors controls and the pumps. And then at the junior high, similar, you have three boilers. And those are those are high efficiency boilers controls and replacement of the pumps. So that will all work. Uh we put a general number 20% on these last two pages. It's possible that we could do that for less than 20% saw cost. Um rather start out there and work our way down. Inevitably we run into something that we have to do that has nothing to do with boilers in order to do boilers. So, I'd like to start out with a number that's conservative and then work our way down from there. So, that's that adds up to 2.4. And then the and

039then the last page is just simply a series of totals for your information. Again, it's basically range of 50 to 53 and a half million. >> All right. >> Okay. Uh let's move to this document here. Um so obviously it's the common problem that that we always have is uh more projects than we have uh money. So, my intent here with with uh this recommendation uh package is basically to give you an idea of where we are on some of our current GEO bonds and uh uh older construction bonds and also uh to be able to uh take some of the the needs that we have and and find a home for them. places where we could potentially uh use some of our funds that we have existing uh the funds that we're getting ready

040to bond uh to meet as many needs as possible uh in the school corporation. Uh and so we have uh two geo bonds that that are open right now. Uh geo bonds from 2022 and 24. Um the 22 bonds currently has a little over uh 3.6 million left in it. Um and the list of the the projects uh that when Matt was here, Matt kept uh a list of the potential projects that we could take from this geo bond. I adjusted that list and I adjusted the amounts from that. Uh some of the important uh items on here um we uh uh are looking at the high school bleachers. Now that's a really high amount. Uh it more than likely would not go that high, but our bleachers at the high school are old and

041they they're not ADA compliant. Um >> below the ramp. >> What's that? glitches below the rails, >> right? >> Not deal with the permanent mistakes, >> right? >> Um we are we already approved the two skull buses uh on there. That's that money is encumbered. >> Uh those two, right? >> We've already got both buses. >> Yeah, >> they've already been ordered. Um you see classroom uh furniture on there that's uh taking care of uh funding the project the furniture for some of the uh projects that we've been working on now uh in addition to some uh uh additional classroom furniture. Um that's what that's for. Uh the GEO bonds for 2024 are mainly technology related uh for replacing student devices uh uh replacing staff uh computers and laptops and uh and other uh uh

042items related to technology. >> Assuming it's already covered, right? >> Mhm. >> Out of that the covered amount not on there then? >> Uh it's being spent currently. It's being This has already been >> for this is what Matt and I came up with as the amount that we received in the bond and then >> and all the new computers came out of that 1.3. >> No. Well, they will. We've only spent $400,000. >> These are This is a budget. >> I understand. How much of that's already been covered is my question. We've already heard >> uh probably right now student devices is probably about 400,000 maybe. >> Okay. And that and the whole amount of the two buses already the full amount covered. >> Yes. So, >> okay. The construction bonds, we have one

043as old as 2010 with uh $262,773 and change. Um the bleachers at the junior high definitely need replaced. We need to find some place uh for the the uh to replace those bleachers. We need to find the funds. Uh right now, they're currently out. They cannot be pushed back. They're out until we replace them. So, uh, they're just beyond life on on >> That's the bid to replace them. >> Or or is that just estimate? >> Just an estimate. >> Oh, that's just >> No, that's a quote. >> Okay. I thought it said 70 cents that it was more than just >> That's an actual quote from Lee Company. Okay. >> And that's two. Is that all he's just on one side, is it? Right. >> Right. >> There's no nothing. There's no stairs, >>

044right? >> Okay. >> Yeah. >> And for gym class, they need those pushed back, don't they? >> That' be helpful. >> I think we ought to start spending that. >> Well, we're we're ready to go, but but uh we really need to wait until April uh because we get a better deal. April is apparently the ideal month uh to that we can they don't have a lot of business. Everybody wants to do it during the summer. So, if we do it during April, we'll save a lot of money for doing that. >> That's where the blade sells at >> uh 20 April price. >> What's that? >> Is this an April price or is it going to be lower now? >> This is the April price. >> Uh 2019 uh bonds. Um >> well, time

045out come out. What's the September price? more. >> Do we know how much more though? Seriously. >> Uh well, I didn't get the quote on >> seven months without the use of it. >> We got the best. We We got a pretty good deal. I understand. And uh the cheapest month is to do it as in April. >> I don't know how much it would be. Seriously, it would be nice to know the difference. And if it's because we've earned the m that much in interest, >> right, >> over 2010. I mean, I'm just thinking outside if it's a $10,000 difference. one thing it's 100,000 different >> we just have a lot of needs so uh >> I understand >> uh 2019 uh that's pretty much we have a mediation we have an issue with

046the contractor over the concrete redo and the dining air behind the junior high and we have a mediation coming up here in a couple weeks. Uh and so that money is just on hold until we see what comes out of that deal. That back wall of the junior high that we voted to do behind the bleachers, is it done? >> The back wall >> there was like an extra area that they John or they wanted for a in school suspension. >> Yes, that was completed. >> Yes. >> Okay. >> Yeah. >> Okay. >> Uh 2020 uh bonds. There's uh a little over 63,000 left in that. Um the only thing left to come out of that would be uh and coming up with some graphics to put in here and out in the hallway. It

047would not come up to 63,000. So don't get worried about that. >> That was the really big pictures, right? >> Right. Yeah. >> Uh it's just that we don't have anything else planned for that >> that right now other than the graphics for the boardroom and in the hallway. >> We had to throw a little bit of that towards the EJHS bleachers. That would >> be the end of the world. >> Uh the 2023 construction bonds, that's what we're working out of right now. And that's uh two and a half million left. And I don't know, Martin, if you want to say uh where we are with the current uh projects and what's coming out of there yet to come or >> we talking about the playground? >> No, >> I guess I'm not >>

048the activity center fieldhouse. >> Is it about >> So >> the activity center. So, this is the bomb project for the uh EEC and the fields. >> Yeah. Yeah. Yeah. >> Right. So, >> we're we're we're we're nearing um probably um mid October. >> So, we got 2.5 million current balance one. Is that going to get us to the end? And >> we we have allowances in there. You'll probably get money back on. >> Okay. So, we should have some left over hopefully. >> Yeah. >> Cafeteria in good shape. >> Cafeteria is what we'll do is the cafeteria threw me there for a second. The the kitchen um equipment's coming in the next couple weeks. Um what we will your um Durk monitor for the Hillyund. we won't be quite ready for the Hillyund although

049it'll be done and ready to move into. Then when we when we turn over the existing kitchen um we will take over the old kitchen and do demo. So that's when the rest of the caf the cafeteria part will be completed. So that we'll turn over the the um the new kitchen. you move into it and then probably in November we'll finish it out and then you get the rest of the cafeteria area will be done at that time >> in the month would be >> in November. >> End of November. Okay. >> Yeah. We're we're really hoping to be done and punched out 1 of December. >> Okay. What? Jerry, remind me about this. The safe walkway between Junior High School. >> That's on the list of things to do. >> That's that's not

050part of this. >> That's not part of the 2024. >> We haven't. >> So, I haven't seen that anywhere. I missed it. >> Well, it's it's baked into >> Oh, I see the pathway. Yeah, I see. >> Yeah. I mean, we we we did an estimate. I think Jerry pulled it out and put it on the line item in your proposal, >> the 282. Yeah. Okay. But that will have nothing to do with that between the softball fields and behind the football field. Then we're not doing anything back here that >> not as part of >> it's going to be along No, the pathway is going to be along the >> right >> football field baseball. >> And it makes sense logistically. It makes sense there. I'm asking >> in terms of >> It looks

051like it to me. >> Yeah. I don't think you want >> You won't have people parking anymore. You don't want students walking through the football complex, >> right? But I just we don't want we want to make sure kids are on the pathway, not out there in the road, >> right? >> We included a fence with sidewalk, >> right? >> So there'll be fences on both sides of the sidewalk. >> Yes. >> Correct. Right. >> Well, and everything else. So you'll get lights in your backyard. >> Okay. my neighbors. I'm probably true. True. >> So, for the uh projects that we're bonding now for that we've advertised, >> um the last two pages kind of give you an indication of uh what I'm suggesting we take out of the this next round of bonds. And

052the last page kind of gives you an idea of uh of all the items that we advertised where we would be taking uh the funds out of to do those projects. So going over the page on page three, um I recommended we do option two. Um, and and you'll notice that the projected cost that I put in there is uh 500,000 less than what uh Skilman suggested, but that's accounting for the 500,000 we're going to get from the ready 2.0 funds. >> Yeah, for we for sure have that money sitting somewhere. >> We will be getting that. Yes, we don't have it yet. >> And it doesn't have to be shown it has to be used for certain things. It has to be for brick and mortar. >> Brick and mortar. Okay. Perfect. And it

053has to be spent by uh December 2028. >> Okay. And then >> uh and then uh I added the uh softball and baseball uh turf in there. Now, uh, you know, people are always asking and, uh, so the the athletic director would like us all to also to do soccer and suggested that other school corporations that did baseball and softball also did soccer and then got a better price. But I wasn't I don't think we're ready to do that. So, I just kept it at baseball and softball turf plus the renovations to the softball field. So, that figure is exactly what uh Skiilman is recommending. And then I included the high school roof in that. I included um the asphalt. Now, I didn't include the price for Edgewood Drive in there. Uh like I said,

054I was trying to look for ways to not spend as much money. So, um I just wanted to make a note of that. Uh the pathway between the junior high and high school is included in here. Um we went up and take took a look at the tennis court area and um um our hope was to totally replace everything. uh repave it, uh new fencing, uh new lighting, uh sidewalks around, uh concrete around the perimeter, so there would be a place for uh people to uh sit and watch the the tennis matches. Um uh we we really um we haven't really been able to have somebody give us a specific quote on that. We didn't have time to do all that. Uh we did get some numbers from uh MCC who is in the process

055of replacing their tennis courts and they estimated uh 200,000 per court and that that didn't include fencing and lighting and all that. Um, >> so this is just repairing the the cracks. >> We just did all that about four years ago, didn't we? >> Right. So this would buy us a few more years. Uh, >> just the cracks got repaired or cracking. >> They're Yes. >> cracking. That's just how tennis courts are. >> Well, they're about 15 years. I put uh I put 800,000. Nothing here is written in stone, by the way. >> This is just for something for us to start talking about. But I put 800,000 in there mainly to uh take care of the boilers that we need to replace. We probably need some additional funds for that. Um the controls uh

056I was hoping and I talked to um uh our the guy that we talked to about Gabe. What's Gab's last name that uh >> what's that? >> Yeah. The engineer. >> Yeah. >> Oh. and I asked him uh if uh if we could possibly push out the controls of 2027 and he thought we could uh peacemeal it to get there. Um now I I am not an expert in any way on HVAC but my own personal opinion it just feels like a endless pit. Uh the because I I I'll be real honest with you. I I um as I took over some of these things for Matt and I watched Matt last year and watched Arnold uh I just seen them running around here like their heads are cut off even after we spent a

057lot of money. Uh and and so uh starting the school year, we had some issues at the high school, we had some issues at the elementary school, and so we had a meeting with Johnson Control and uh and Gabe and um uh I wanted to learn from that conversation, you know, why is that? And I did discover that it was my assumption when we were uh spending this money on HVAC that we were replacing the whole systems and we were not. We were just replacing pieces that were broken. And that's been the philosophy of the school corporation for a number of years. So, where we are right now is that we have uh brand new equipment that's trying to talk with equipment that's 20 25 years old. And uh and that's why we had constantly

058are having issues because we need to have folks like Johnson Control come in and um and try to get these different versions working and talking together again. Um, I really think we need to uh develop a a long-term plan with HVAC of uh that's going to be very expensive down the road. Um, we we don't have that right now. We we're trying to put that plan together. Um, but uh down the road, I just think that if we just keep peacemealing things, we're going to continue to have problems. So, I kind of put some money in here to take care of the most immediate needs and put HVAC on there for 2027. Uh, so by then we'll have a a a more established plan of where we need to go with with HVAC. >> In

059my years on the board, it seems like we replace boilers almost every other year. Yeah. >> The boiler goes wrong somewhere. So, >> and I don't The Boys and Girls Club, we we accounted for a lot of money out there. Is it completed yet? >> It's completed, but we >> I mean, we spent a ton of money on it. >> Yeah, it's completed, but there continued to be issues. >> Is it because of the supplier or the installer or >> uh the word I got really today was that uh really they didn't they used a more cheaper version of of what they should have done. And uh and so we're going to be taking a look at using our warranty to get what they put in replaced. >> We haven't had we haven't had it

060a year yet, >> right? >> Yeah. >> Arnold, do you have anything to add to that? They just continue to fail. >> Boys and girls what? >> I just had to reset it today. So the way they set it up, it works great when it's super hot out. >> Mild weather, it does not work as it should. >> But it's is it didn't even get done? >> Oh, yeah. It's done. It's just >> cuz I saw them out there all summer working at different where the contractors were. >> Yeah. I mean, anybody here that has more knowledge about HVAC than than I do, but it is very complicated area. So >> for me the novice we spend a lot of money. Why is it just working? >> Right. Absolutely. >> But it's it sounds like

061that today's equipment is is what there's a lot more technology involved and so um it's very sensitive. I guess >> I can add a couple things. Globally we have seen more and more poor quality manufactured products show up missing parts errors in the construction >> it just right from the factory installed with problems that have to be then repaired on warranty that has become >> more common than it should be >> a lot of assembly issues >> the second piece is that as they have been trying to drive efficient efficiency for energy efficiency. They're getting more and more sensitive, more and more computer-based, more and more um just everything has to work perfectly in order for it to work at all kind of a situation. Uh and as they've driven this higher technology for higher

062performance, the life cycle's gotten shorter. I mean, this phone's two years old. I mean it's the same kind of situation where the technology has a shorter life cycle. So mechanical equipment used to have a big boiler that lasts for 40 50 years made out of cast iron had a a burner and you hooked it up to the gas. Now it's very high performance high and made out of very thin sheet metal. that and then I guess the fourth component is we have a shrinking uh workforce of the technology and the quality that understands how to install and maintain and repair these systems. So we have a lot of things working against us and so you're not alone if that makes you feel any better in in terms of the kind of experiences that we're having

063you know across the board in the industry. Um, not to mention, I'm sure you have existing buildings that are a little little older that you've got problems with. I don't mean to be Debbie Downer. Just reality. >> You're not going to invite me back, are you? >> Okay. So, uh, moving forward for the junior high, uh, this would be ex exactly as the, uh, Misha uh, described the project, uh, for 6.6 million, uh, roof, uh, for the junior high and also asphalt around the junior high and the parking lots. And then uh EPS and E is includes the uh roofing for that and also uh asphalt. Now we were out there today looking at um a possible solution of uh what we could do with the traffic on Reeves Road in in terms of getting

064some of that traffic off of Ree Road. Um and uh he is an engineer, right? civil engineer >> civil engineer that that uh he's going to look at two or three different options of what we could do to to try to address that need. Um so we may need to uh look for if we want to take care of that uh uh sooner, we'll need to find some funds. If not, we'll we'll put that off to to a later bonding time. Um, and then on on page four at the bottom are just some uh projects that that have been mentioned uh through all these conversations to get to the point we are today. These are just some additional uh projects that have been mentioned uh to me that I just want to put them on

065the list as future projects uh which would be HVAC work. We really wanted to get a new technology office and storage room. Um but um I just don't see how we could do that uh right now. Um oh this renovating old band of choir rooms to gain additional classrooms. I should have taken that off >> on the last page at the bottom. Okay. But that so you don't have that in >> Let me No, that's not >> that's not part of >> No, no, this is just this will just be down the road. >> So that the band the current band requirements junior high would remain as they are and they can manipulate them and use them as they needed to. The school could >> not. >> Yeah, let me let me explain it first.

066>> Okay. Um, so one of the things I was trying to do to save money looking at the junior high was to just do the uh expansion, the band and choir room expansion and uh leave the old band and choir area as is. And I was talking to Kent Wler about can we move some programs into those spaces without renovating them. Right. >> And and his response was it really wouldn't gain us maybe one classroom. Um and and >> uh plus he's talking about some additional and he's trying to think ahead in terms of uh there's a large journeys classroom uh that that they may have to they may eventually inherit those kids and have to have a space available to them. So, uh, my original idea to try to reduce that figure that we

067had for the junior high, u according to the principal, that wouldn't work. So, I went ahead and and and put the full amount in there and and then I forgot and I put that here on the list of future projects. So, that really could be crossed out there. >> Uh, >> that's not part of the 2025, >> Right. tennis court replacement. Uh uh like I said, when we met with the uh principal, uh high school principal and a high school athletic director, they also talked about needs down at the uh soccer field uh in terms of turf and also having concession and storage area down there. Uh parking around campus, uh mowing equipment, and just additional items. That's just a very fluid list >> um that we really don't need to spend a lot of

068time on. Um, so if you look at that table on page four, I put in red those projects that we advertised uh that we don't have to do this all at once. And I'm not nearly closely suggesting we do all this all at once, but we we can uh uh bond we can address all these areas uh if we so wanted to. Uh and then um if if the board would say, "Yeah, that sounds like a good idea." Then we'll work with Skilman to kind of map out okay what projects is it does it make sense to connect uh like we we uh included the fieldhouse and the preschool uh together so that we can uh save some money on having the construction uh companies here and and um and that really would prove to

069be very beneficial because to get the preschool done, we pulled some people from I didn't we Martin and his team pulled some people from the fieldhouse to get the preschool done. So, it does help us with cost. It helps with uh being able to adjust uh how the projects are going. Uh and so, uh I just wanted to show you that that we could if we wanted to address almost all the the projects that we advertised. Now, this would involve bonding uh getting all 40 million uh upfront, which would be uh my recommendation uh because it does uh give us that money uh at one time enables us to be able to react to to uh maybe some anticipated issues that might come up uh that we would have all those funds available. Plus, uh,

070we would a be able to to gain some, uh, um, money from interest rates. And I have, uh, Oh, yeah. I have here we've I mean, if you wanted to know, uh, Debbie gave me some figures today on the different funds that we have and and the interest >> the interest that we've gained from that. And so, uh, >> you get a copy of that. Yes. Okay. I don't have a copy right now, but I'll make copies. >> Okay. >> Uh so, uh Matt, do you want to add Have you listened to uh some things in terms of >> how this would impact us? >> I think from my point of view, it's kind of the same that it's been the last few times that we've talked. I mean, we've been looking at this 40

071million uh structured in a way that you can come back in a couple years and potentially borrow more money to address some of these other needs that Dr. Sanders has talked about in the future. Um, I will say, you know, if you borrow the full 40 million now, looking ahead, you know, remaining capacity is somewhere in the 30 to $35 million depending on where interest rates are. um that assumption is that you keep your debt service levy constant. Levy being the number of dollars that you're asking for from taxpayers. Um, I will say that I think that that's probably going to be difficult to maintain in perpetuity and in terms of everything costs more in the future. And so keeping a levy constant for 20 years, I think might be difficult, but that's kind of

072how we've run it now. And so as you guys have more conversations and want to look at something perhaps differently or just different scenarios, we can certainly do that. Um but yeah, I mean the the 40 million can be borrowed without increasing the levy and still uh retain capacity in the future. It's just as you prioritize some of these projects, are you able to do everything that you want to do under kind of these constraints? >> How do you define future? How many years? >> So the way we have it set up right now. Yeah. I don't know if you looked at that again or not. >> Yeah. The way we have it set up now is that you could come back in 27 and do additional projects, but that is totally fluid and up

073to you. That's just kind of the way that we've run it as of now. If you come back and say we need to do more next year, then we can structure it that way. >> Our tax rate can remain level or drop. >> The the we have no control over the tax rate anymore because of what the assessed value is is likely to do. So, we're we're talking about the dollars. We're what what we're likely to see over the next five years is if you ask for the same dollars in your debt service fund each and every year, I would expect the tax rate to be higher at the end of that five years. Now, it may not be each and every year. Your assessed value went up >> half a percent this year. So,

074um, if you keep your debt service levy, um, level from 25 to 26, your tax rate is going to go from A13 to A14. It's going to go up because you're taking new money in operations. That's where they give you the growth quotient of of 4%. So, the total levy is going up, but has nothing to do with these projects. It's solely from the operations fund. And so if we see an assessed value that doesn't grow or potentially goes down, even if you're asking for the same dollars, that tax rate is going to go higher. And I think that is going to be the difficult thing. And I'm still having to wrap my head around it. You know, we've had Senate Bill one for five months is we've been talking about tax rate for five

075or six years and you guys have hit the tax rate each and every year. And now the way they're changing the math is you don't really have any control over that. So now we're looking at the dollars that you're asking for and so the assumption is that would be flatline moving forward at this current time um as we run some of these projections in terms of how much >> theor theoretically though the taxpayer their assess value may drop but their tax rate but so their total tax dollars would be very comparable is my point that's what I'm trying >> 100% >> I mean that's kind of we worked it the other way before >> if you ask for the same dollars from this year to next here the assessed value almost doesn't matter. It could

076go down 50%. Your tax rate is going to go higher to generate the same dollars. >> Correct? So their their tax their tax bill that they get their liability year is going to look very comparable >> 100%. >> Okay. >> That the portion of the tax bill that they get the only increase that they may see is because of the operations fund. They will not see an increase at all because of this project because we're we're we're leveling out that debt service leverage. Yes. >> So, it's going to be the it's going to be the interplay between the assessed value and the tax rate though that's going to be jumping around each and every year because I think we're going to see some wonky results. Um but now we're talking about the dollars asked for.

077>> So, what you just paid in November is going to be our goal is it's going to be common for us. >> We're just going to work it. We're gonna work it back. >> At some point in the future, >> it's all relevant. Yeah. >> At some point in the future, it is my expectation that levies are going to have to start growing again a little bit. Now, is that the cost of inflation? I I don't know. >> I get that. >> You're doing this project in 2025 and Victor prices it for these the same project 2035. That's where it's going to be hard, I think, to hold that levy constant forever. Right. >> Uh but certainly we can do it through this project and and through the near future. >> And if the taxes

078change, it's not going to be because of the school. >> Correct. >> It's because of eligibility and actually and they're going to be paid more eligible. >> More like with the fire department, that could affect everybody too. >> But if if we're pos if we're optimistic and think that the year is going to continue to grow, >> even if it doesn't happen, >> right? If the tax rate goes up a little like a two two cents in the set value, it's still going to bounce up to the same dollar, >> right? >> Yes. >> And that's a good distinction, too. So, I want to I want to make this clear. The >> explain that to taxpayers, >> of course, the tax liability that the taxpayer pays for the school corporation is going to be comparable.

079Now, is the total tax bill going to potentially, but your portion that you're responsible >> correct? >> Yes. Yes. >> Which is different than we've been doing because of the assessed value growing. We've actually been increasing our levy. >> Correct. >> And taking advantage of all that up until this point, >> but still lowering the tax rate. >> Correct. >> Yeah. Yeah. >> Because the assessed value went so high, we were able to lower the tax rate and still bring in a lot more money. >> And by the 2027 potential bond, there will be another two legis. >> Correct. >> Right. So, I mean, we don't really >> It's a great point. It's a I mean, >> 2028 is a big >> That's the big year. >> It could change though between now and then,

080Jimmy, because >> Well, the budget's set for next year, >> right? >> It's It's sad, but they've been pretty clear that they're going to reopen it next year. And that we have heard. Now, does that impact K12? It's too early to say, but we've heard from legislators that they're not thrilled with what came out. >> Yeah, we also need some help, but we're we're hurting. >> Well, and I I think what I've heard when they're not happy with what I don't think they think they went far enough. And so, I don't I don't anticipate them opening the budget for reprieve. I think if the budget get open, I think there's more downside risk than there is upside risk. Yeah. So, I I don't mean to to get you optimistic because I don't think Thanks for

081bursting. >> We're busting. Right. >> Right. Right. >> Oh, now that's going all It's already out to Jake and Chapel and they're paying >> city taxes too on top of >> Yeah. >> So I don't Are you in city now? >> No. Elated a wheel tax they could do, which they tried to get him to go the most, but a couple board members didn't want to do that. But, uh, we're we're not rehiring a police officer. I guess that's why I'm so sensitive about about what's going on. So, >> yeah, >> we're I've lost a police officer. Yeah. Um, so, uh, Jerry, I I know I went out of the room for a moment, but the what were you saying about the renovation of these classrooms at the >> So, one of the I was

082looking for ways to um get the biggest bang for our buck. And so, >> well, and it's not in this is what I'm getting at. Where >> it is? >> Where is it? So, uh, what where it says 6 million 6,600,938. >> Yeah, that's the for performing arts. It doesn't include the 2.2 million to renovate banding choir. >> Oh, your junior high one that you were talking about that you were going to do the >> Oh, okay. I thought that. >> So, right now, you're if you add that back in, you're over 42 million, >> right? Okay. I meant to I thought I'd put that back in there >> because for the 40 million you're only getting three CR classrooms. Yeah, you're right. So, I don't know. I just got >> to >> Well, I

083was hoping that we were going to move further, but I don't think that I can vote for spending that much, $40 million and not doing much at all for education. Yeah, educational space. And I know some of these spaces get used for education, too. But I'm don't mean that. And yes, I mean, we have successful performing arts programs, but they do have them in the space they have, and they do need more space. >> Well, that that's the purpose of this meeting is I'm looking for guidance on uh on whether or not we want to ask for the full 40 million. I I want to uh Right. >> Yeah. So, just a quick distinction on that and and Victor's probably not to the point where he has um any sort of draw schedule, but typically

084we fund these projects one year at a time, right? And so you could certainly borrow the the 40 million if if Victor and Martin tell us, you know, it's going to be a two-year spend down. Then we're essentially starting to pay interest on $40 million and we're it's taken us two years to spend. And so kind of the way we've started to do this just for efficiency purposes and and help your capacity is if they tell us you can only spend $20 million next year in terms of these projects, then we borrow that 20 million now. fund it through next year, come back next year and do the remaining 20 million or whatever you guys decide that it is. That way, we're not paying interest on the full 40 million from day one. It will

085increase your debt capacity. But if they tell us, no, we can spend all this money in, you know, 14 months or 12 months. And certainly, we can go and borrow it all. It these projects, I think, tend to take a little bit longer than they did five or six years ago. But I would look to these guys on a on a spin down. I doubt we're quite there yet, though. I don't know if you have any >> The rough rule of thumb is I'd like to have no more than a million dollars a month in new construction, right? So, >> you know, if you were building a $10 million addition, I would want a year to do that. Build a $20 million addition, I'd want two years to do it. I mean, that that's the

086rule of thumb we start with. So you have to spend down by two years 95% of the money. >> Yeah. I mean >> is that the point in which the bond sale closes? Is that >> Yeah. I mean that's that's for arbitrage purposes and that's not something I'd get super concerned about >> right now. Yeah. I mean that a lot of times when you say you have two years to spend, people think we literally only have two years to spend. You have as long as you need to spend. That's for arbitrage purposes. What that is is if you earn, say you borrow the $40 million, you put it in the bank as you spend it down. If you earn an interest rate on that essentially investment income that is above the interest rate of the

087bonds, then you would need to give that back to the IRS if you don't spend all of the dollars within two years. I don't typically get super concerned because we're talking tens of thousands of dollars that maybe you have to give back. You don't have to give back all the interest. you only have to give back the delta between what you could earn and what you did earn. And so I don't want you guys to get caught up on that is like the most important thing ever. >> That's exactly right. That is exactly right. And in historically when rates were super low, you weren't ever getting close. Now that rates are a little bit higher. Um that's a potential. However, we're probably going into a cycle of rates coming down. So, if you were to

088borrow this money today at 4%, you're likely not earning 4% a year from now if the Fed starts cutting the way they're saying they're going to cut. And so, I don't see that as being a huge um I I guess um consideration in terms of this, but but yeah, it's it's a two-year spend down to to meet the arbitrage requirements. And >> so, the the nice thing I should point out is that that's not cumulative a million. So, for example, if we had a million in addition and then we had a concurrent asphalt >> Yeah. >> of a million or a concurrent roofing of a million, we could work that into it. So, I don't necessarily mean if you spend 30 million in construction that it's 30 months. We could stack those projects just like

089we stack these together balances. >> Those those aren't collecting interest collectively. per year. It was like I was like 60 70,000 some of these past years. They're not sitting in the same account 130,000 interest. >> No, they would all earns they're all in separate accounts earning separate interest track separately and then the money's got to go into those specific projects >> years ago too. >> Correct. That is correct. Yes. >> What's what's what was today's rate? Uh you're probably right at 4%. Uh rates have come down about a quarter of a point in the last three days because we've gotten a bunch of bad economic news. And so now they're thinking the Fed's going to have to cut and potentially even do a double cut um here at the end of this month. I'll believe

090that when I see it the way they've been doing the last uh year. But there is momentum. There's a lot of momentum for lower rates. Um and certainly Powell's, you know, he's going to be out um next spring and so they're starting to replace kind of those spots with some people that want rates to come down. So I think it's coming. >> Um but we've been saying that for 18 months. And so >> what's the time frame of wanting to get these issued? >> So you'll be through the legal process to where you're free and clear to sell. Um, I think it's October 30th or 23rd looking at Jacob's timeline. So, right now, we're anticipating call the first week of November. So, we still got some time for you guys to put your heads together

091to figure out exactly how you want to do this. We're not under the gun yet by by any means. >> And all that PowerPoint stuff you you your parameter was I think it's 6%, wasn't it? >> I think I even had 7% maybe. Yeah. >> Nowhere that we went high. >> Yeah, I had 7% in there. So again, as we sit here today, uh we might even be under four after today's movement. If the Fed doesn't cut in September or they don't do what the market expects, we might see rates revert back higher. So I don't want to get you too excited with that 4% because I a lot of things could change. >> You showed us at the high side is what I'm saying >> 100%. And even when I tell you kind of

092those capacity, I'm running everything at at a 5% interest rate. And so if interest rates end up coming down or staying down, then that capacity goes up. Um, so yeah, I don't I don't want you to get stuck on these are the end all be all numbers because they're all just projections based on certain assumptions that might change. >> So the concern that Dana brought up, um, would you like us to >> Yeah. Would you like us to go back and take another look at this and make the classroom needs were at each building, what they were needing and projecting that they would need. Um, so I don't know what those I don't remember. Was that in that facilities >> the facility study? >> Yeah, that's been a while back. So, >> so yeah, it'd

093be >> isn't it just really a result of once you build an addition, what you have is what you have to remodel into other use space. >> Yeah. >> Right. The space is going to the space >> whatever you have, >> right? >> Unocc the space you vacated creates five or six classrooms. The question is how much do you want to spend on the new addition or whether you want to do a new addition or not? Is that I mean maybe it's that simple. I don't know. Well, or should some of that addition be classrooms? Is there enough for class >> capacity? >> Yes. Do we need more classrooms? >> Okay. Percentage of >> performing arts space like that in terms of that in the classroom. >> Yeah. >> Okay. Because this space is not

094changing at all. Space is still going to be all right. >> Yes. If we if if they move go down here, I find it hard to believe that six classrooms chair can only be made by one. >> Well, that would be without any remodel. >> Like the choir room is has concrete bleachers, so you really can't make that a classroom. >> Okay. I just like to see space there. >> The band room is rather large. U so that would be a typical classroom >> rooms and stuff that takes up space. So it would need some Yeah, it would need some adjustment. And we kicked that. >> I thought we were going to do something up here with choir and just make classrooms here originally. >> Well, but what they were looking at was the they

095were talking about this plus this stuff. >> Yeah. >> The wait room area, >> right? And then turn this all down here to classrooms. And >> well, that was possibility. >> Well, that was one of one of the things. Well, the issue that's was this height of the >> the ceiling the rope >> to be able to put >> one of the things that I'm I'm not arguing. I'm just raising other points here in a bit. One of the things I worry about is putting money into additional band and choir space and then as soon as we're done people saying it's just not big enough. >> We already said that. Our band director will say that no matter how much we give, >> no matter what they say. >> Well, we always hear that on

096all of our projects. You're right. >> And and I mean, love him to death, but Durk is if we added 15 new classrooms, he would say he needed another classroom. >> Yeah. Or another office space. >> Storage. >> Yeah. >> But we can go back and take another look at it for sure. Yeah. >> You worked again. You said some of the other schools were maybe a little bit bigger than us that had similar facilities. >> Um, have you designed these facilities with twothirds of space of what we're asking for? I think we have examples from >> all ranges and it it seems to be driven by the success of the program to be quite frankly with you. It seems like >> I mean even in the same district I might have one school a

097middle school that's super music and they have >> busting from the seams and then on the other side of the district they don't have very strong programs. So it's very it's very circumstantial to you know the success of the program and >> and people are very very vocal about the space they need in order to move and >> be able to set up and have indoor space >> and I yeah but again they're being able to have all this success and having lost students that I know of uh because of it with the facilities we have. So I do think making them better, we need to make them better. >> Um I would I guess one of the things I really need to know how many more classrooms we really do need and where do

098we need them at? You know, is do we need more classrooms at uh EIS and EPS? EPS got those four that they've taken over. So that's really helped. But um you know I well junior high is a is a school of the greatest need I'd say. >> Right. One thing you might think about is you know if you look at adoption two biomed labs converted to classrooms that's $2.6 million. So that probably not going to move the needle very much. It's x amount of space that you're going to remodel into something. >> Um the performing arts edition as proposed is 11.4. That's I think with the mezzanines it's closer to 20,000 square feet. But so it is um easily twice as big as maybe two two and a half times. I guess my point is

099if you just replicated the square footage you have now, you're probably in56 million addition. So if 11.4 is too much and you wouldn't replicate how much square footage you have now 5 to six, what's the sweet spot? What is what is what's your threshold? That's another way to look at it is I don't want to replicate what I have, >> but maybe this is too much. So, it must be somewhere between 5 and 1/2 and 11 and a half. >> Right. >> Is that a fair statement? >> I mean, just looking at the footprint, the the band is real close to the size of a banding choir now. >> Right. >> So, I think that's what Jerry may have been asking. If I was Misha, I'd be like, "Okay, well, that's too big. What is

100big enough?" But that's just the band room. That doesn't encount the fact that there's all those other offices and the equipment storage and all that that's not even in that band room anymore. >> Right. >> Yeah. We're you have 7,200 square ft. Now the design's proposing over 18 >> and the 7,200 includes band, choir, and auxiliary rooms. So if you put it in dollars perspective, if I replicate what I have, I'm somewhere around five to six million. If I more than double and do what's shown, it's 11.4. So I think what I'm hearing you say is you want a solution somewhere between five to six and 114. Is that is it I don't >> well or I think what part of what I picked up from data is so if we're going to do this

101much why isn't more of it classroom space why isn't >> okay or it's maybe 11.4 four is the right number, but it needs to have classroom space incorporated. Is that another way? >> I don't think the heart burns. >> I'm the amount of money we're putting into classrooms is minimal with this $40 million >> and I have a hard time stomaching that. Yeah. >> So, and to me, the place to get more classroom space out of or to cut cost so that you can use that money somewhere else would be to lower the amount of performing arts space in the two buildings. >> Your heartburn isn't the $40 million. It's what it's being spent on. >> Exactly. That's >> the efficiency of what's >> the total student population using. >> Does that sound right? Well,

102just what is your basic academics as opposed to >> the arts academics, you know, science, English, math, all those other things. >> Well, and I I understand where you come from, Dana. The one thing I will point out is that it's been in the last four years we have added quite a bit of classroom space. We haven't done anything for the >> for the science labs. >> I mean I I mean >> yeah and that would be >> I get that. >> Yeah, that would be the counterbalance to that. >> But I don't think that balances out that >> making them three to four times the size, right? >> I don't think that balances out to me. So, Victor, >> if Go ahead. >> If that's the case, then we should be putting that money

103into something else, whether it's more the HVAC or more the roof or more the >> you know, there there's other needs out there that I just think we're spend too much on performing arts when we have so many other needs. >> So, if we >> I'm not worried about the 40 million. I'm just worried about what that 40 million. So if >> if we took a arbitrary percentage say 2/3 of that 188 and uh added that space and whatever that would save us put that toward the the HVAC and the and some of the other stuff I think probably >> even if it's not classrooms it's >> right something that that makes that 40 million a little less >> and I think if we're looking at 2728 somewhere in there for maybe even other bonds.

104Things like, okay, well, what if we did for the softball? What if we fixed the field and gave the concession stand and bathroom and left it at that for now? >> What if we just, of course, I understand if you're turfing the >> Sure. the um pitching >> Yeah. You don't want to >> I don't think you want to separate separate that necessarily. in that store. I couldn't >> I don't know where like that happened. >> No idea. >> I don't know. Or maybe you do one field >> and then and three years later you do the other field. >> Okay. >> Or something. >> Maybe you take those phone calls. >> Yeah. >> Well, I mean, I played on that. I have a I'm having issues with the turfing, too, because I it's >>

105it's like there's so many other things like you're saying, you know, classroom, HVAC, the roofs, all the things that we we have to do. We have to get that done for turping is way low in my opinion on that totem. Well, I understand what you're saying, but in terms of uh in this day and age when parents can take their kids anywhere, the their athletes can they can take their athletes anywhere. Um we uh we are getting behind on uh our fields being turfed and we will lose students going to uh MCC. Martinszo has all their fields turfed now. MCC has all their fields turfed. Uh think Spencer Owens going that way now. And so parents will quite frankly uh and I'm not arguing with you. just saying we parents will choose to go places

106where the facilities are better uh for the >> I mean when I played sport it you had a coach that could coach your it didn't matter what field we played on didn't matter if it was >> if you had a good coach you had quality stuff your students are going to stay it's not because you have a turf field or not so I don't know I have a problem with that being at a higher level there's more other things in my opinion to spin that two point whatever million on >> just not right now and then just walking into what we're going to be walking into in the next few years. >> Well, I like the turf. I think we need to do it. I think it brings people in. So, >> well, the the

107other thing Jerry's talked about is the >> wear and tear. >> Well, yeah. And also tournaments. I get you. I mean, just I think it's >> we're going into a different world. >> Yeah. A couple years ago, we had to we were hosting the sectionals and it rained a lot, so we had to move the sectionals over to Bloomington North. >> Okay. Uh, do we is everybody at least comfortable with the concept of bonding for >> the full 40 million? >> We can break it up if we want to. >> Again, >> I think we're already kind of arguing over what ought to be spent in that 40. >> I mean, I don't think we have a choice. I mean, honestly, I think we we need to. >> Yeah, >> I really do. >> I

108was really want to keep it down 30. I was hoping that's where we would end up. But if you I like that if you can what Matt sent you if you can send it to us again. >> Yes. >> Showing how the capacity works out. >> Y >> um >> well and as they drop off then I think I do like the idea Jerry of picking up some of We need to get some of those cleared out to pick up some projects wrap these up. Some of those old BS we need to get those done. Well, and the idea of 20 this year and 20 next, that makes some sense, too. >> The stacking may be a little odd because like if you looked at your biggest one, that's like 12 months. Um, but then

109you also have all the time to design. So, does that include the design time or that just construction time? >> That was construction I was talking about. >> Okay. encourage you if you're going to do a junior high edition and a high school edition, I would encourage you to put those together. I think kind what kind we did >> like Jerry articulated earlier makes a lot of sense. On the other hand, if you want to pull the trigger on HVAC, roofing or pavement, I don't see the same kind of concerns. Although it we could combine mechanical with the additions. You could also do it independent, but um those would be some things if you want to peel off and get going on. >> Those would be your first choice >> just to hold off on

110the asphalt until the construction. >> That's a good That's a good though. I think there's Yeah, >> depends on where we're at on it, right? >> Does that keep us out of that what's that bracket 75%? But by doing stairs test would be we still fine on that thing if we did 20 million twice. >> So the rates could go that way too. >> Yeah. The the if you keep your levy level then the stairstepping is not going to impact that. It's solely going to be based off does your AV drop and how quickly does it drop. What the stair stepping would help do is increase your overall debt capacity. So if you did it all now and then did the rest in 27, you're talking, you know, 70 to 75 million. Does that number

111become 75 to 80 million by splitting this up? That's where if you're saving interest cost, that means you can add more principle in there, right? >> The 70 cents is solely going to be a function of your assessed value moving forward if you decide to keep that levy level each and every year. So if your if your assessed value, let's just say flatlines, then you're not going to get to the 70 cents because you guys are at 65 cents right now. But if you lose 5% in 27, let's say, you're going to start creeping towards that 70 cent. So my expectation for you is by the time we get to 31, and I mentioned 31 because that's when all of the Senate Bill one is fully phased in. >> My guess is you will be

112above 70 cents, but that's a time. I just don't know how it's ultimately going to impact your assessed value. >> so many changes. So it's I I know it's not helpful, but I just I don't really have any answers beyond next year because it's the only data we have. >> We don't know what the rates are going to be the bond rates in two years from if it dips below four. >> Lock we lock in the whole thing. >> Yeah. >> And we're not really going to be too concerned about arbitrage anyway. >> I don't foresee arbitrage being an issue for you guys now. advertising just mean you have excess. So >> that's right. Yeah, you still keep what you earn. You just have to get back what you earned in excess. But with the

113rates likely coming down, >> we're kind of on the cycle of where rates are probably going to come back down. You're likely to lock in a rate and then your investment rates start coming down. So my guess is you won't run into it. But again, we we we just don't know that. >> So I I have a couple questions. Uh for roofing, does does it save money to do all the roofs at one time >> or can we do like the elementary schools first then the high school then the junior high >> I think that there's there's a diminishing return once you get to a certain point Jerry so um >> I would almost think if you did the high school and then couple the rest of them >> I was going to say $10

114million worth of roofing is more than anybody could if most companies take on at one time. So to to your point about phasing the roofing out, yes, that you're not going to lose that economy of scale if we broke that in three or four >> phases. So So yes, to answer your question, we could break the roofing out into two or three years easily and not lose that economy of scale. >> All right, I appreciate that. The other question for the board is do you given some of the other needs that we have with this biomed training project? would you uh what are your thoughts on scaling that back in terms of um we are pretty far along with Boston Scientific um Boston Scientific and Cook Medical they could they could basically use one classroom

115maybe yeah one classroom um at the risk of uh not taking the 500,000. I just want to make sure I want to see I just want to know kind of your thoughts on are you convinced I mean I'm obviously very convinced in the in that project but as a board uh I'd like to have some direction of um we don't want to take all we don't want to take the the grant just to get we don't spend a lot of money just to get the grant we want to spend money to meet needs. Um, so >> I'm I'm very committed to that that uh concept of the the medical career path and I think that is I think we've invested a lot in it already and that uh we've we've really I don't know I've

116I'm banking on I'm I'm counting on it helping our our community, our students for a number of years to come. I'd hate to see us scale it back in. I think we've already headed back from what I originally saw. >> Okay. I just wanted I'm just trying to get >> Okay. I would like to see something I know it's early maybe, but I would like to see something more in concrete from what they're willing to give back to us who boss scientific and cook. The grant's not coming from MJ. is coming from right >> and I know they're excited about it, but we're doing all the leg work. What are they bringing to the table? I've not seen it yet. Maybe you've seen it and you haven't shared it, >> but I'd like to see

117what what we're going to get in return for that. >> That's a good point. They they are the the whole idea was that they would provide the facilitators to come on to our campus and >> are we see writing though like >> something I just started talking to Christine about I think or I meant to I okay >> she's like no not yet >> uh it's on my list to do then um uh I'd like to create someus >> correct uh with them to and have the board approve those. >> Right. >> We're committing to doing this. What are you going to commit to? And I'd like to see >> are we you didn't mention IU or IU Health or SRA. Are we still in discussion with them or are >> we're in conversations with

118with all three of them and uh we've even been approached by Simra. >> Yeah. uh to to get involved. Um I uh IU Health has a gentleman that we he's a professor at IU, but he goes all over the country and sets up these sim labs. >> Uh and uh so he volunteered actually to work with us on on creating one of these labs would be like a sim lab. >> Yeah. >> Um >> that'd be super. Yeah. >> So, yeah, I'd love to see >> I think the big benefit to us is because it's a big benefit to our students. >> Yes. >> Oh, yeah. >> And it's helping them >> get prepared for jobs. >> Well, and a lot of a lot of high schools are currently having their students start as juniors

119and already like in the nursing field, they're already taking courses. So, by the time they're out of high school, they have almost and some have gotten their associates degree already. >> Right. Right. Well, the >> you know, That's one that's one favor the general assembly did is that they're allowing >> Yeah. >> under 18 people to >> they're getting they're getting almost that already who's your hills right now. That's why I thought we could flip it. >> Exactly. >> The same thing that they're watching out with an associate at every 30. >> Agreed. >> Yeah. >> So, are you happy with the number of classrooms we would be gaining at the junior high? >> I I don't know. I would like to know you know from you know you know what the anticipated need is

120>> right >> going to be for the next even if it's >> well we had to we had the uh demographic two demographic studies done and the last one said to be slow steady growth >> right there's also big bubbles that come through that can be difficult to deal with. So we so I I don't know I don't know what those projections are. I don't know how many classrooms were short now that if we had these classrooms we need these classrooms. So what are we short now? >> What is anticipated being short? >> Um >> well what uh if if the journeys does move into the junior high. >> Where's that? >> How many kids we talking about, Jerry? Not very many. >> Uh, off the top of my head, I don't know exactly. >>

121We're not talking 100 kids. >> No. >> Minimal growth. Yeah. >> So, you don't need 6,000 square feet, >> right? >> Well, let me see if we can figure out a way to um >> give you some data on that. high school. Yeah, I think the same thing. What What would he use if if we did three classrooms, what's he gonna use those four if he did >> six classrooms? >> And I I talked to the band director who came in. He said that that has opened up even though it's the same space, it's opened up a lot more uses taking all that cont. >> Well, we'll we'll think about this plan. Well, but we'll we'll gather some data that will help us determine the specific needs for how much classroom space we're going to

122need. Find that out and that'll be the priority. And then once we have that information, that'll dictate how big of a space we have for band acquire partially because we also have those other competing interests with, you know, the HVAC and and all those other things too that are on the list that so there there's a lot of competing interest for that. I don't I think there's enough competing interest that we need to scale those back. >> We need to what? scale those back. >> Yeah. Okay. >> Um >> and make scale what back then >> for instance the performing arts, the band and choir instead of being they're being tremendously larger than they are right now that make them larger but not to the that extent. And then for instance, if you did that,

123then on option one, you could put the two labs >> right >> over there and then have the six classrooms there. >> Um, and >> well, >> you know, for the same dollars, >> that's my concern. I mean, if you're adding that space, >> you're going to add a whole new space for I don't like option one from the standpoint that I'd like to use option two >> and use that space >> appropriately. It have has flexibility there because we're not changing the footprint other than the inside. On option two, >> is it not being connected to our innovative learning center >> an issue? >> Option two, it would not be correct. >> Right. Right. >> Option two, we're not having another thumbnail hanging out there. >> Yeah. I don't know. I don't know that

124there'd be a huge benefit to connecting them. >> Are they going to be operated kind of separately and separate kind of thing? >> I don't think so. I don't know what you mean by separately. Um, well, I mean they're separated. >> Shut it down for the rest of the school. It could be shut down. >> Yes. >> Yeah. The labs could be the labs could be used during the day if open, >> right? >> Yeah. >> So, the other question is, are you looking to make uh you want the HVAC to be more of a priority and put more money towards that? I I'd like to go back through and look at some of these numbers again to yeah >> to figure out what we you know we're cutting out to make that happen. Um

125so I'm not sure exactly. >> Okay. >> I I just want some time to look at it. >> Okay. >> But I don't know that I got the answer. Is there a benefit to having the labs connected to an innovative learning center? Would there be cross use between those spaces to where if they were side by side, it would be more efficient than if they were um separated by well, you'd have to basically go out to the commons and back down or go outside to get there unless you put in a separate hallway. >> I think they're really separate programs. Yeah, you already got your you already got your entrance for the innovative learning center already established. >> And you don't have to change the footprint either underneath. >> That's a costaver. >> If you

126did option one, you got to do all the underneath stuff again too. >> You don't have to do option two space. It's already there. >> There's no utilities over expanding build. for her storage. >> But if you are scaling back how big this is going to >> No, I mean you're >> I'm saying scale back over there on those. >> You don't have to do anything. >> But if you go over here, you have to do all new infrastructure, >> right? Well, which you have to do over here, too. >> I'm just saying take it from here and put it here. >> Yeah. I just have to do the math on >> kind of get your point there. If you cut off I mean if you cut off >> I mean I don't particularly like

127it >> cut off >> because I don't like the fact that the overhead door now would be a long way away from or a longer way away at least from the auditorium >> but I don't know that that's horrible either. So, all right. >> I haven't been in there forever. >> I remember you talking about 20 and 20 mentioned earlier a little closer to what projects are. Start talking about the order. I mean, it's we couldn't spend $40 million next year if you wanted us to. I don't think in terms of we got to get it designed, we got to get it bid, we got to get started. So it might not be 2020. It might be 18 and >> 22. It might be a different combination. So we can we can run some cash

128flows so you can rightsize that unless there's a financial reason to borrow more than you need in 2026, which there might be, but I I just offer that we can run scenarios once we have a scope of work and you borrow what you need and no more than you need. >> Exactly. >> No, that'd be perfect. >> I mean, I'm thinking in 26 we're going to have at best eight months of construction, >> right? I mean, we're Yeah, we're going to Right. We're going to use the first four months to get the design together and bid for the first phase of whatever we do. >> It's going to take longer to design the new addition than it is to do the the roofing project for >> and Jerry at some point this has been this

129last time was very good about we need to share this with we need to share the proposed additions with the public so they see what's coming out because because I've been getting some calls about well what are they even thinking about doing? I haven't seen anything in concrete yet. Hope we're ready to do that yet. >> I'm I'm sens. >> Oh, yeah. For sure. >> Probably sooner rather than later. But >> well, we have we have to gather some information like Dana said, kind of process what we've talked about tonight. >> Uh and then come back together >> couple weeks down. >> Okay. But I think that again part of the there was two goals. One to figure out what we were going to do, but the other part was the bonding part. >> Right.

130Right. >> And I think >> there's pretty much a general consensus >> that we should probably go forward with 40 million because it looks like we're going to need at least that. >> How we get that out just depends on the cash flow. >> Send us that send us that graph again to Jerry if we did. I would like to see that again back. >> Okay, no problem. >> And you had you had it at the $6 or 6% mark. You everything you do is at a higher end, right? >> Yeah. Projected bond rates. >> Yeah. So, what we put in the resolution was 7%. Everything I run for my charts is at 5% which is still a percent higher. >> Yeah. That that is helps me visualize it better, right? >> Yeah. >> Yep.

131I'll get that to you. >> Okay. All right. All right. >> Anything else? >> Can I throw one more thing at you? >> No. but school construction. So, there's certain things that we really like to do during the summer. So, >> as you're deliberating and prioritizing, >> um there are there are projects that we would like like roofing. We'd rather do roofing as much as we can during the summer or the shoulder months. You know, >> we could probably start the new >> January. >> We could start the new addition about well, let's say 10 out of 12 months. we could start communication so you have a little more time to deliberate design that >> is there kind of like a little >> email you could send us >> try not to make the decisions

132for you but there are some things that I would recommend you get going on if you're if you're convinced you want to do at least some roofing I'd love to pull the trigger and have Misha start putting the drawings together and do some roofing >> ASAP so that we can bid it you know right at the beginning of the first years >> right >> get you want to bid the project I mean, everybody's the hungriest, right? Talking about April being the best for bleachers. We want to bid there somewhere in January, February somewhere. >> It's not It's not urgent, but it's something we want. We need some decisions in the next 30 days of maybe that first phase, >> right? >> We do need to address the bleachers. That's also our more urgent priorities. >>

133You mean the one in April? Well, junior high and high school. >> Okay. But those are coming from previous bonds. >> Well, the the >> junior high is not the high school. >> Right. Right now I have the high school bleachers coming out of the geo barn. >> Oh, >> which geo bond? The new one. >> The 2022 geo. So those are out of >> and the junior high bleachers coming out of the 2010 construction box. >> I just I mean in all seriousness speak about the price difference. >> Well, but the other thing too you got to think about is >> you need the bleachers for >> basketball season. >> Yeah. >> And >> true. >> So kind of stuck in waiting till after >> basketball season. >> What's that? I don't think we

134can have them in before the first game. >> And we do have a meeting with Lee and company this week regarding the high schoolers. >> Yeah, I was thinking about the high school. That's three sets of bleachers. You got two bottom all the bottom and that top on the other side. I forgot about that. Is that what we're talking about? >> Is that just getting a price or bidding or doing or what? quote they are with a consortium. So >> Oh. So once it once they don't have to have three >> the quote came with the co from a co-op. Okay. So we already have a co-op price that we received. >> Good. >> And then the people that are coming there we're looking at the entire project and then broke down by individual levels.

135>> But yeah Brad's point are we talking about both the bottoms and one of the tops? >> What tops? Per the permanent side. We're going to take a look and see if we can um what's it called? Recap the the seats. >> Didn't we recap 5 years ago? >> Yeah, they've been recapped, but >> they have been recapped. >> They were what? >> Five years ago. >> 10 years. >> Okay. Really? >> I've been here six, six, seven years. >> I've only been here three though. >> I don't know. I I I remember when they I remember when they were wood, but that might have been that might have been 1980. >> I'm 1965. >> We're going to take a look at all >> wood was still there since 65. >> We're going to take

136a look at all of it, but the priority are the movable. >> Okay. Okay. >> Gotcha. >> Yeah. >> Oh, boy. >> All right. Anything else? >> No. >> I'm ready to go home. >> All right. Leaving. >> Let's get out of here. [Music] Heat. [Music]