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Board approves Park Hill construction package and developer agreements for two new high schools; refunding bonds adopted
Summary
Trustees approved a construction manager recommendation for middle/high school renovations, adopted a plan to issue refunding bonds that administrators say will save taxpayers about $44.5 million this year, and approved development agreements with the City of Midland to reimburse infrastructure costs for two new high schools.
Trustees approved several capital actions at the Aug. 26 board meeting related to ongoing bond projects and planned new high schools.
The board unanimously approved the district's recommendation to award CSP 25-02 (Bond Package 4 — Middle School Group A, Goddard Junior High and the freshman/high school renovation work) to Cirrus Construction. The district reported the guaranteed maximum price with alternates was about $58.376 million, roughly $2.64 million under the bond budget for that package.
In a separate finance item the board adopted an order authorizing the issuance of…
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