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Taylor ISD bond nears completion; district reports $2.13 million change-order credit and $8.8 million uncommitted
Summary
District staff told trustees the 2022 bond program is nearing completion, with several campuses substantially complete, a recommended change-order credit of $2,130,806 and $8,808,920 remaining uncommitted from the $82,493,032 authorization.
Taylor Independent School District staff updated the board on the status and finances of the 2022 bond program, reporting substantial completion on most projects, a recommended contractor credit of $2,130,806 and $8,808,920 in uncommitted bond funds.
A project representative told trustees, "we're getting really close to being the end of the 2022 bond." The presenter summarized progress across phases: most CTE programs have moved into the new Taylor High School addition except Ag Science, which remains in scope work; several campuses have only minor punch-list items; the Taylor Bennett addition is "substantially complete" and reportedly in use; and the maintenance building remained the least complete due to resource shifts tied to electric work.
Why it matters: the bond program funds new school facilities and improvements the district promised voters. Remaining uncommitted funds and returned savings can affect what, if any, additional projects the board may authorize or reallocate.
Financial snapshot presented: the bond authorization was listed at $82,493,032. Staff reported $8,808,920 in uncommitted bond funds at the time of the presentation. The district also reported a recommended change-order credit of $2,130,806 for Phase 3 work (TH Johnson, Taylor Middle School and the maintenance facility); the presenter said the credit would be returned to the district and recommended trustee approval.
The presenter noted the $2,130,806 credit would come with a 69-day contract extension for work schedules but said there would be "no financial impact of that extension." The extension resulted from shifting crews between sites while awaiting third-party work (an electrical pole removal and electric hookup by an outside provider) and other scheduling adjustments, the presenter said.
Project controls practices and buyout savings were credited for the positive financial result. The presenter described subcontractor bid buyouts, unused contingencies and negotiation over disputed claims as drivers of the returned funds; as an example, one subcontractor claim for additional days and $80,000 was rejected after review, the presenter said.
Trustees were asked to approve the recommended phase-3 GMP change order credit. The change-order item later appeared on the consent agenda and was approved as part of the consent vote.
No additional budget appropriation took place at the meeting; staff said remaining punch-list and finish work would continue and the maintenance building was expected to wrap up in the next four weeks.
