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Board updates bond committee work as district plans third issuance and prioritizes projects

Loma Prieta Joint Union School District Board of Trustees · October 10, 2024
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Summary

The board'appointed bond committee members reported progress on a third issuance projected at about $3 million while the project list stands near $6 million; trustees discussed prioritizing projects that can go to ground quickly (parking, restroom retrofits, gym floor) and seeking resilience grants to extend bond dollars.

Trustees received a bond-committee update outlining a workplan for a third bond issuance and a project prioritization process. Staff reported an estimated third issuance of roughly $3,000,000 while the outstanding project list totals near $6,000,000, meaning the district will need to prioritize which items to fund from the new tranche; the committee will pull contractor and architect estimates and return with tightened numbers.

Staff member (Speaker 1) told the board: "we have a about $3,000,000, 3rd issuance. Our project list is somewhere around $6,000,000." Trustees discussed using phase-2 remaining funds for projects that can be started quickly and pursuing state resilience funding to offset costs for projects such as gym floor replacement and restroom retrofits. The board set a timeline for a February decision tied to bond-sale and construction-window constraints and asked staff to prepare cost and grant-reimbursement scenarios for the next meeting.

Speakers (by first appearance): Staff member (Speaker 1); Board members asked clarifying questions and suggested grant avenues.

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