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Committee approves plan to issue RFP for capital-planning retainer and schedules $10M financing discussion
Summary
The finance committee approved issuing an RFP for future capital planning and retainer services (not replacing CHA on the middle-school project) and scheduled a Jan. 28 presentation with PFM on a planned $10 million bond issuance to support construction projects.
Miss Green proposed that the district go out to request for proposals for future capital planning and retainer services to ensure competitive pricing and adequate capacity while the district completes its middle-school work. She emphasized this would not remove CHA as construction manager for the middle-school project and said the RFP award would be returned to the board at the January meeting.
"What we are doing is our due diligence as we are coming into a year of very intensive work within the middle school," Miss Green said, adding the RFP would cover the five-year capital plan and retainer services for tasks outside staff capacity.
Committee members asked clarifying questions about scope and whether the RFP would supplant CHA; Miss Green and staff explained different projects can use different construction managers and the RFP is intended to provide options and competitive pricing for future projects.
Miss Green also previewed the Jan. 28 finance-committee meeting when Jamie Doyle of PFM Financial Advisors will present a plan for a $10,000,000 issuance to finance ongoing construction needs; the committee will receive a broader capital-project financing update at that meeting.
Next steps: administration will advertise the RFP and return an award recommendation to the board in January; the finance committee will consider the $10 million financing plan at its Jan. 28 meeting.
