Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Board Votes topic
No spam. Unsubscribe anytime.
Board accepts donations, ratifies TEA certification, approves bond refunding order and construction GMPs
Summary
At its April 28 meeting the GCISD board approved multiple consent items, accepted two PTA donations, ratified TEKS/instructional materials certification, authorized parameters for a $131.185 million bond refunding, and approved a guaranteed maximum price for renovations.
The Grapevine‑Colleyville ISD Board of Trustees voted unanimously on a series of consent and action items April 28, including PTA donations, an instructional materials certification, a bond refunding order, and a guaranteed maximum price for multi‑campus renovation work.
Votes at a glance
- Donation — Grapevine Elementary PTA: accept $5,980 to purchase wall wraps for two foyer beams. Motion: Trustee AJ Pontillo; second: Trustee Tammy Nakamura. Vote: 6–0.
- Donation — Heritage Elementary PTA: accept $18,400.75 to replace the LED portion of the campus marquee. Motion: Trustee (motion recorded); second: AJ Pontillo; Vote: 6–0.
- Ratify TEA instructional materials certification (2025–26). Motion: AJ Pontillo. Vote: 6–0.
- Designate non‑business days for purposes of the Texas Public Information Act (10 days, fiscal year 2025–26). Motion: Trustee Diana Sager. Vote: 6–0.
- Order authorizing issuance of up to $131,185,000 in unlimited tax refunding bonds and delegation to pricing officers. The board approved a parameters order delegating authority to the superintendent and CFO to price and sell the bonds so long as specified conditions are met (minimum present‑value savings of 5%, maximum all‑in interest rate of 4%, maximum par amount $131,185,000, final maturity no later than Aug. 15, 2037). Motion to approve the bond order: Trustee Tammy Nakamura; second: Trustee Diana Sager. Vote: 6–0. Financial consultants said the bonds being refunded had an average interest rate of about 5% and that a refinancing at roughly 3.87% could save roughly $8.1 million in interest costs; staff noted market sensitivity and a one‑year window for execution. Josh McLaughlin of BOKF said the figure would be higher if rates fall further.
- Guaranteed maximum price (GMP) — multi‑campus renovations and transportation center: approved GMP of $4,961,175 from Lee Lewis Construction, Inc., for renovations at three schools and the transportation center; district staff and contractor identified a construction‑budget overage of $192,907 and total overage including fee of $207,857, to be managed with contingencies, interest earnings or other line‑item adjustments. Motion: Trustee Mary Humphrey; second: Trustee Kathy Florence Bridal. Vote: 6–0. Paula (district staff) said the package focuses on the most critical items and estimated a 4½ month schedule with substantial completion Aug. 4.
- Joint election agreement with Tarrant County for the 2025 election. Motion: Trustee Kathy Florence Bridal. Vote: 6–0.
- Consent agenda (includes personnel, contracts and routine business) — motion to approve passed 6–0.
District staff and consultants presented the refunding as a taxpayer savings opportunity: “Those bonds… have an average interest rate of 5%,” said Josh McLaughlin of BOKF; “based upon prevailing market conditions … the new rate on the bonds would be 3.87%. That would generate an interest cost savings to the district and its taxpayers of roughly $8,160,000.”
Paula, presenting the construction packet, noted that the GMP package was scaled to prioritize the projects closest to budget and that some items originally anticipated in the bond program were not included in this tranche. The board authorized the superintendent to sign the AIA amendment when legal review is complete and directed staff to manage the identified overage with existing contingencies and budget adjustments.
All listed motions passed by unanimous vote (6–0). The board recessed briefly after public comment and then completed the action items before adjourning.
