Board reports $15 million bond anticipation notes, recommends Perkins and Will for architect and advances construction planning

During the meeting the board received a finance report and updates on facilities planning that move the district toward construction work tied to the 2018 bond and new projects.

Beth (board clerk) reported the district is about halfway through the fiscal year and that revenue collections and reimbursements (including homestead and rollback) are near expected levels. She said the district issued $15 million in bond anticipation notes on Dec. 19; $2 million of those proceeds are held in a liquid STAR Ohio account and $13 million is invested in the district’s construction US Bank account to be used for early planning and design expenses. The board was told the interest earnings on those proceeds currently exceed the district’s borrowing costs.

Administrators said they interviewed three architectural firms and that the consensus recommendation is to return Perkins and Will for architectural services; they also said three construction firms (Alford, CK and Continental) submitted RFQs for the Construction Manager at Risk role and that interviews and RFPs will follow. Board members said the district aims to have owners’ rep and CMR recommendations on the February agenda.

The board approved routine business and finance consent items (C1–N9) by roll call; a member confirmed liability insurance coverage extends to district booster and support groups that follow board policy.

Next steps identified included finalizing owner’s rep and CMR interviews and placing those recommendations on next month’s agenda.