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North Clackamas SD 12 outlines maintenance-focused bond plan and seeks board authorization to consider refinancing
Summary
District staff proposed shifting to a maintenance- and stewardship-focused bond, estimated at about $356 million for a 2026 bond or $408 million for 2028, and asked the board to authorize staff to pursue possible refinancing to preserve the current bond tax rate and increase borrowing capacity.
At a Feb. 22 work session, North Clackamas School District staff laid out a maintenance-first bond strategy and asked the board to authorize consideration of a refinancing that could preserve the current bond tax rate and increase the district’s borrowing capacity for a future bond.
Staff described five priority categories for a maintenance stewardship bond: safety and security improvements (including upgraded communications and cameras), roof replacements, ventilation and thermal comfort upgrades (staff said chiller/split systems could be used where full HVAC is not feasible; staff estimated ventilation work could affect about 78% of district schools), technology-infrastructure upgrades (cybersecurity, storage and project-based backbone upgrades to support cameras, sensors and cooling systems), and an “automation” category covering boilers, windows and building-envelope repairs. The district’s long-term facility plan…
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