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District proposes COPs borrowing to fund replacement projects and $63M for deferred maintenance; board weighs tradeoffs
Summary
Finance staff proposed a Certificates of Participation (COPs) borrowing package to fund several replacement/renovation projects (Alta Vista K‑8 and others) plus $63M targeted to deferred maintenance; board members asked for site‑level analysis showing how new construction would reduce maintenance needs and how shifting funds might affect timelines.
Finance staff presented a proposed borrowing plan (COPs) that would fund a slate of capital projects and a targeted deferred‑maintenance allocation. The recommendation included roughly $37 million earmarked for specific projects—Alta Vista, Lake Alfred, Wanita, an auditorium addition at McLofflin Middle, Floral Avenue Elementary renovations, and deferred maintenance—and staff said the largest permissible amount for deferred maintenance in the package is $63 million.
Miss Jenkins explained existing…
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