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Board hears bond sale timeline and capital-project plans tied to referendum
Summary
Superintendent and finance committee updated the board that the district is on track to complete a bond sale by Dec. 3 to fund initial referendum projects including fire-panel replacements, roofing work, stadium turf and tennis courts; RFPs for consultants and construction management were discussed.
Superintendent Dr. McNeely told the Moorestown Township Board of Education the district’s referendum work is progressing and that administrators expect to complete the bond sale by Dec. 3 to fund the first phase of projects.
"We're on track to complete the bond sale by December 3, which will fund the first phase of our work," Dr. McNeely said, adding that architects and engineers are finalizing plans and preparing RFPs.
Finance Committee Chair Mick Weeks summarized the Nov. 10 committee meeting and reiterated that the administration recommended staying with the Burlington County Joint Insurance Fund for liability coverage. Weeks said the committee discussed the bond sale, a ratings call (noted as positive), and a set of projects planned for summer 2026: public address system upgrades (districtwide except Roberts/high school where recent updates exist), fire-panel replacements (all schools except South Valley), roofing work at Roberts, Baker and the high school, and turf replacement for the stadium and new tennis courts. Weeks said the timing for stadium turf would likely be after graduation with contingency plans for late summer or early fall if schedules require.
"That rating will help determine how our bond issuance goes and the rates... that's talking about the money to pay for our projects," Weeks said.
The committee also discussed non-referendum capital work — a storm-water remediation project at Roberts — and a potential contract renewal and negotiations with a tenant (ESF) who uses Williams campus facilities. Weeks said RFPs for environmental consultants, construction managers and legal services would be advertised soon with anticipated awards in December.
The board discussed long-term facility planning in concert with the strategic planning process; communications and procurement steps were presented as next actions. Separately, the policy committee flagged a potential administrative lift to migrate policy maintenance from the district’s current platform to the New Jersey School Boards Association (NJSBA) policy manual if the district elects to take up that free offering.
What it means: The district is moving from planning toward procurement: RFPs and ratings calls are complete or scheduled, with a targeted bond sale date to secure financing of the first-phase capital upgrades. Board members and administrators emphasized scheduling, tenant impacts and the sequencing of construction to limit disruption to school programs.
Next steps: Advertise RFPs for consultants and construction management; finalize bond sale details by Dec. 3 and proceed with contract awards in December where feasible.
