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Ralston bond projects near completion; district to refine remaining costs
Summary
District staff reported major bond-funded construction elements complete (gym, HVAC, shops), punch-list work continuing through December, and financial updates showing money available in the special building fund and an upcoming bond payment due in December.
District staff updated the Ralston Public Schools Board of Education on bond-funded construction progress on Aug. 11, saying major elements of the high-school and other projects are complete and in use. Presenters reported that the gym, rooftop HVAC units, basketball hoops and weight rooms are in place; shops are ready and many punch-list items remain for final touch-up work. Parking and landscaping work and some exterior finishes are scheduled to be completed in the coming days.
On finances, the presenter said the special building fund balance remains substantial and that the district has about $3.88 million earmarked for a bond payment due in December. There remain outstanding contracts under way (about $3.5 million under contract, according to the presenter) and some roofing projects still to be paid. The district said it will refine arbitrage calculations and other final costs at a near-term meeting and expects to bring more detailed estimates to the board during a planned retreat.
Board members discussed the option to accelerate remaining roofing and facility projects while money is available, noting potential cost savings by doing more work earlier rather than delaying. District staff said they will present an itemized "menu" of potential projects and costs at the retreat so the board can prioritize future spending.
What happens next: The district plans to present detailed facility-cost options and refined arbitrage calculations at the next retreat/meeting and to continue punch-list work through December.
