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Bond program tracking under budget; board approves asbestos, roofing and playground contracts
Summary
District bond program reported roughly $207M budget and was tracking about $274,000 under projection; the board approved RFP awards for asbestos abatement ($90,000), roof replacement ($1,058,970) and a playground purchase ($212,790), and learned key projects (wellness center, gateway, robotics building) are on track.
The Bloomfield Hills School Board received a quarterly bond program update on Feb. 24 and approved multiple procurement actions tied to the capital program.
Alan Dresselhaus and David Goldman of Plant Moran reported the current bond budget is just over $207 million — higher than the original estimate because of loan interest carry — and that since November projected commitments increased about $15.7 million while actuals approved rose roughly $6.6 million. The consultants said the program overall is tracking under budget by about…
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