District administration and the facilities committee presented two options for using approximately $10 million remaining in the district’s $25 million lease: (1) draw the remaining funds in a single additional draw and schedule projects over one to two years, or (2) draw the funds in multiple phases over time.

Justin (administration) told the board the facilities committee compiled a list of remaining projects (by school) tied to the approximately $10 million still available and to an additional $296,043.45 identified through project development. He said the board will need to provide direction by October to secure favorable pricing and contract timing.

Facilities committee members and several board members discussed priorities. Board member Jack argued for completing building envelopes and HVAC work sooner rather than later, noting an energy and durability benefit: "I want to see that incorporated into this, that it would be wrapping up the building, making it watertight... I always looked at HVAC as a health issue." He and others identified Pollard — where administrators described ongoing patchwork ventilation fixes — as a top concern, followed by the PAC roof and high‑school envelope and structural work. Justin outlined approximate project scopes: high school roof/structural work (~$1.5M), Atkinson roof completion, PAC cooling system plus roof and controls, middle-school HVAC continuation, extensive ventilation and roofing work at Pollard, and Danville ventilation and roof work.

Board members discussed tradeoffs: a single large draw could lock in better pricing and reduce inflation/interest exposure but would require a larger near‑term commitment; phased draws could preserve options and allow prepayment opportunities when unassigned funds become available. Maria (finance) said the district’s capital reserve balance was limited (about $453,777 as of June 30), and warned that a $10M project would be outside the reach of prepayment using current reserves.

No formal action was taken; administration asked the board to consider the tradeoffs and provide guidance at a future meeting. Facilities committee members said they will return with more detail, and administration said it will present energy‑use data and cost/financing analyses at the September 18 meeting to inform a decision.

Why it matters: The remaining lease funds are earmarked for building repairs, HVAC, roofs and controls that affect building safety, comfort and long-term operating costs. Board direction will determine the district’s procurement strategy, the speed of construction, and potential near‑term interest or inflation costs.

Provenance: Discussion of the lease pathways and remaining projects begins in the facilities presentation (transcript block s=4816.56,e=4857.075) and continues through board discussion and staff Q&A (transcript blocks s=4891.5503,e=4921.64 and s=5365.7,e=5401.37).