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Taylor ISD approves Project Control of Texas contract; advisers outline bond-sale timing
Summary
Trustees approved a contract with Project Control of Texas, Inc. to provide program and project management for the 2025 bond program (term Dec. 2025–Dec. 2029); financial adviser Wood Miller outlined options for phased bond issuances and preliminary valuation timing from Williamson County Appraisal District.
Taylor ISD trustees voted to approve an owners’ representative/program project-management agreement with Project Control of Texas, Inc. to support the district’s 2025 bond construction projects. The proposed contract term runs from December 2025 through December 2029, reflecting administrators’ expectations for project delivery.
Dr. Garcia presented the recommendation, saying the district needs third‑party management for design coordination, value engineering, construction oversight, schedule and budget management and coordination with architects and contractors. “Taylor ISD passed the latest bond in 2025. And now we’re going to be entering the work and planning in the development stages,” Dr. Garcia said. The board authorized the superintendent or her designee to execute the contract; the motion carried 6–0 with 1 absent.
The board also heard a detailed presentation about sequencing and timing for bond sales from Wood Miller, who described coordinating with the Williamson County Appraisal District (WCAD) to track valuation updates and using the Permanent School Fund guarantee to make bonds more marketable. Wood Miller said preliminary values from WCAD will be available in April, and the district can choose to sell smaller tranches earlier for cash-flow needs or wait for certified values later in the year.
On possible timing and amounts, the presenter said an early tranche of about $20,000,000 in the first quarter could fund initial design and work, with supplemental issuances later to complete the program. He described using delegation authority—parameters for maximum amount and interest rate—so staff could execute a sale on an appropriate market day without returning to the full board. Trustees asked how much would need to be sold to start paying for design and how reimbursement resolutions and cash‑flow modeling would be used.
The board approved the Project Control contract and instructed staff to proceed with the next steps of hiring architects and contractors and preparing timeline updates to return to the board.
Votes at a glance
• Project Control of Texas contract: motion carried 6–0 with 1 absent; board authorized superintendent or designee to execute contract. • Consent agenda and lease-termination motion also carried at the meeting (see separate item for lease termination).
