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Board approves construction awards, guaranteed maximum price and fund defeasances
Summary
The board voted unanimously March 17 to award a construction manager RFP for Walden, approve a guaranteed maximum price for Gifford K–8 and authorize defeasance transactions estimated to save future interest costs; the board also approved the consent agenda with one item carried forward to the April session.
At its March 17 meeting the Racine Unified School District Board of Education approved several capital and finance items, including an RFP award for a construction manager at Walden, a guaranteed maximum price (GMP) for Gifford K–8 and a resolution to establish escrow accounts to defease certain general-obligation promissory notes.
Construction manager RFP: The board approved the administration’s recommendation to award RFP No. 25-003RA to…
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