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Board renews King Consulting contract; staff says reimbursements exceed $20 million
Summary
Trustees approved a professional-services contract with King Consulting to support state bond reimbursements; staff said reimbursements secured to date exceed $20,000,000 and that the contract was backdated to align with prior work.
The board approved a professional-services contract with King Consulting to continue assistance with state bond reimbursement (Prop 51 and Prop 2 related) and facilities work. District staff told trustees the district has received over $20,000,000 in state reimbursements attributable to King Consulting's work, and that the contract renewal had been backdated to align with earlier agreements because the firm had continued providing services while the paperwork lapsed.
Trustees asked about rate changes and fee structures; staff responded that an escalator and fee-for-service elements are included in the long-running arrangement but that the value of reimbursements outweighs contract costs. The motion to approve the contract passed by voice vote with seven regular trustees and two student trustees recorded in favor.
