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Board reviews bond project forecast; staff proposes reallocations to keep projects on schedule
Summary
Trustees received a detailed bond forecast for Legacy Ranch HS, Elementary No. 8 and multiple high-school projects and discussed reallocating land/infrastructure funds to start high‑priority work if bond-sale capacity requires it.
District staff gave trustees a status update on 2021 and 2023 bond projects and the projected bond-sale schedule at the Nov. 18 meeting.
Dustin Aiken and construction staff reviewed major items: the Legacy Ranch High School project (total project value $303,398,838; bonds sold to date $204,799,563; $94,800,000 proposed in bond sale 3) and Elementary No. 8 (voter-approved $57 million; $34.94 million sold to date; board to consider GMP in December). Aiken said the amount that must be sold in cell 3 (2025) to continue scheduled work is substantial and that cash-flow timing drove specific allocation recommendations.
Administrators proposed potential reallocations from land and infrastructure funds to start priority projects such as Liberty Hill High School expansion or early design for Elementary No. 9 to avoid construction delays. Board members discussed debt capacity constraints tied to certified appraised values and the timing for selling bonds; Guerrero said certified appraised values will be available in April and will determine final debt capacity.
No final reallocations were approved at the meeting; staff said formal GMPs and budget-transfer requests will be brought to the board in December for action.
