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Arlington ISD says 2019 bond projects largely under way; expects close‑out by August 2027
Summary
Kelly Horn reported that most 2019 bond projects have moved into construction or close‑out, many recent bids came in under budget, and the district expects to wrap up the program and begin close‑out by August 2027 while monitoring an estimated $38–$40 million in interest/arbitrage earnings.
Arlington ISD’s bond program manager told trustees on April 9 that the district has moved the bulk of projects funded by the 2019 bond into construction and close‑out and aims to finish program close‑out by August 2027.
Kelly Horn reviewed current finance and project status, showing that as of the March 25 update most projects are contracted or in construction. He highlighted newly opened softball fields and Cravens Field demolition, and said a recent week of bidding resulted in several contracts coming in under budget.
"We plan still to wrap up by August of 2027 so that we can begin to close out the 2019 bond program," Horn told trustees, adding that another roughly $40 million in expenditures were recorded the week of the presentation as the facility side progressed.
Horn also presented a running arbitrage/interest‑earnings estimate, telling trustees ‘‘there'll be roughly 38 to 40 million dollars at this point in interest earnings and that number still may go up" as the program moves to closure. He reported HUB participation rose above 25% for the projects under contract but warned that state program changes in April 2026 converted the HUB designation to a VET HUB model and the state no longer recognizes minority and women‑owned businesses under the older HUB category, complicating future tracking.
Trustees asked follow‑up questions about HUB reporting and local participation. Horn said AISD would continue to encourage local and minority business contracting to the extent practicable and to monitor current contracts through closeout, though future reporting categories will change.
Next steps: staff will continue to present phase‑by‑phase updates and bring contracts forward for superintendent signature as projects that recently came in under budget move toward award and closeout.
