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Board reconfirms timeline for concept and schematic design on major capital project
Summary
Board members said concept design for a proposed capital project will come to the board in September and schematic design and cost estimates are expected in the following April; members said the board should expect more specific cost and timeline updates then.
OCR School Board members discussed the timeline for a planned capital project and agreed the project's concept design will be presented to the board in September, with schematic design and preliminary cost estimates expected in April of the following year. Members noted the board previously authorized funding for concept design work and said that schematic-design-level cost estimates will inform any future board decision about project size or whether to proceed. Board members discussed using the existing capital-finance framework and the newly strengthened finance committee to scrutinize assumptions before any go/no-go decision. No final decision to proceed with construction was taken at the meeting; members said they expect the administration to return with design products and cost estimates per the stated timeline.
