Board approves two GMPs; staff reports EPIC construction progress and a $5.4M shortfall on Community Engagement Center

The Spring ISD Board of Trustees on March 25 approved two guaranteed maximum prices (GMPs) tied to bond projects and heard a detailed update on bond spending, EPIC site work and operations planning, fleet purchases and a revised cost estimate for the Sheila Jackson Lee Family and Community Engagement Center.

GMP votes: Trustee Adams moved approval of the Education Performance and Instructional Center (EPIC) package 1 GMP of $16,953,586; Trustee Newhouse seconded the motion and the board approved it unanimously. Trustee Newhouse then moved approval of the multi-campus safety-systems package 3 GMP of $6,376,034; Trustee Jensen seconded and the board again voted unanimously.

Why it matters: The approvals advance construction for EPIC and districtwide safety system work funded by the 2022 bond authorization; staff said approving those GMPs will allow site work and initial packages to proceed and will increase encumbrances that move funds from available to committed as projects start.

Bond issuance and proposition breakdown: Staff presented the status of bond proceeds and expenditures. Of the $850,000,000 authorized in the 2022 bond program, roughly $318,000,000 has been issued to date (about 37% of the authorization, staff said). The bond program is organized into three propositions: - Proposition A (facilities,…