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Board approves $20.665 million BAN and construction change orders; superintendent outlines contingency uses
Summary
The Board accepted a $20,665,000 BAN note from TD Securities at 3.2313%, approved two Sicoli change orders totaling $62,329 for door revisions, and authorized engaging LeChase Construction Manager for potential capital project work while the superintendent outlined contingency estimates and a potential courtyard bid.
The Barker Central School District Board approved multiple finance and construction actions at the July meeting. Trustees voted unanimously to accept a $20,665,000 bond anticipation note (BAN) from TD Securities at an interest rate of 3.2313%, following the recommendation of the district’s financial advisors, Municipal Solutions.
The Board also approved two change orders to the 2022 Capital Improvement Project for Sicoli Construction Services, Inc., in the amounts of $30,073 and $32,256 for existing door revisions, and passed a resolution authorizing Superintendent Dr. Reimer to execute a Construction Manager contract proposal with LeChase related to a potential capital project.
Dr. Reimer reviewed project status and contingency planning: contractors have used some contingency, but projected available funds are roughly $825,000–$900,000 depending on outcomes; pursuing the courtyard work with a secondary low bidder could leave approximately $600,000 for additional options. He cautioned that unforeseen conditions in unexamined areas could change projections.
