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Bond program update: district recommends contingency transfers to finish seismic and deferred-maintenance work
Summary
Facilities staff told trustees the bond program is on track overall but recommended reallocating contingency to higher-risk seismic upgrades, deferred maintenance and a gym/cafeteria at Barnes Elementary; current program contingency sits at about $55 million against an $800M+ program.
Facilities staff told the board that the district’s bond program — a slate of seismic upgrades, deferred-maintenance projects and school improvements — is generally on track but requires contingency transfers to complete several higher-cost projects.
Aaron Boyle, administrator for facilities development, said the total bond program is slightly over $800 million with a current program contingency of $55 million and roughly $223 million uncommitted (which includes the contingency). About half the bond program has been paid out and a substantial portion…
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