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Board approves construction contract for Dare Early College and schedules public hearing on limited-obligation bonds
Summary
Commissioners approved the early college guaranteed maximum price (GMP) construction contract and set a public hearing for June on limited-obligation bonds that will finance the project, while a public commenter urged caution over long-term revenue assumptions.
The Dare County Board of Commissioners on May 5 approved a guaranteed maximum price construction contract for the new Dare Early College campus and set a public hearing in June for limited-obligation bonds the county will use to finance the project.
At a March 13 bid opening the early college construction contract base came in at $21,100,676 for the construction portion; county staff presented an all-in project budget in the meeting packet that accounted for additional costs beyond construction. County finance staff said…
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