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Superintendent outlines multi‑phase roofing plan and financing options

Pipestone Area School District Board · September 23, 2024
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Summary

The superintendent presented a three‑package bid strategy for a multi‑phase roof replacement, explained financing options (reserves, lease levy or bonding against existing LTFM funds), and asked a finance subcommittee to work with PMA to identify the preferred approach before an anticipated Oct. 28 award.

Superintendent Clint told the board the district has begun procurement steps for a multi‑phase roof project and laid out several financing options for trustees to consider. He said there was a pre‑bid meeting on the 18th, questions for the bidding agent Tremco are due Sept. 27 and bids are due Oct. 4, with an anticipated award at the Oct. 28 board meeting.

Clint recommended bidding the project in three packages — project A (phase 1), project B (phase 2) and project C (phases 1 and 2 together) — so contractors have options that may produce better pricing. He also gave target dates tied to bond‑fund expenditure timelines: phase 1 starting 06/01/2025 and phase 2 substantially complete by 09/01/2026.

On financing, Clint listed options including using existing reserves, conducting a lease levy to purchase a roof, or bonding against Local Facilities Maintenance (LTFM) funds already levied by the district. "Is this going to raise taxes for people? The answer is no," he said, while qualifying the statement by noting that any change in how the state treats LTFM funds (a state‑level decision) could alter that outcome. He asked the finance subcommittee to meet with PMA representative Steve Pumper — who has worked with the district before — to evaluate the tradeoffs and present a recommendation.

Next steps: the board authorized the administration to proceed through the bidding timeline; the finance subcommittee will meet with PMA and report back before the Oct. 28 meeting where the board expects to consider award recommendations.