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Poudre School District lays out multi‑year plan and financing options to air‑condition 30 schools
Summary
CFO Dave Montoya outlined a phased, design‑build approach for air‑conditioning 30 schools lacking mechanical cooling and described four financing 'levers'—capital reallocation, bond reserves, inflation freezes, and certificates of participation—estimating a program-scale example around $110 million (assumptions vary); the board directed staff to pursue GMPs and return contracts as design matures.
The Poudre School District on Oct. 21 presented a multi‑year, phased plan to install mechanical cooling at roughly 30 district sites that currently lack it, along with a menu of financing strategies intended to accelerate work.
CFO Dave Montoya told the board the district has identified 22 elementary schools, five middle schools and three non‑traditional sites (Polaris, PCA and Centennial) that lack mechanical cooling. He said the district’s November 2024 "debt free mill levy" override—originally described as $49 million and adjusted in the presentation for inflation to roughly $50 million—freed budget capacity that enabled planning for deferred maintenance including HVAC projects.
Montoya described four funding "levers" that can be used alone or in combination: reallocating a portion of the capital/large‑projects budget toward AC; using available 2016 bond reserves and budget closeouts;…
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