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Board approves increase to T.M. Clark Elementary owner's contingency to $3.75 million
Summary
Trustees authorized raising the owner's contingency for the Bond 2023 T.M. Clark Elementary School project from $2,252,342 to $3,752,342 and approved using General Fund balance to support the change; vote carried 5–2.
The Gregory‑Portland ISD Board on May 18 approved administration's recommendation to increase the owner's contingency for the Bond 2023 T.M. Clark Elementary School project from $2,252,342 (4.56% of the original GMP) to $3,752,342 (6.67% of the updated GMP). The motion was made by Nicole Nolen, seconded by Melissa Gonzales, and passed 5–2.
Board minutes record that the increase will be funded in part by the district's General Fund balance and authorized the necessary budget amendments. The minutes do not show detailed roll-call names for the yes/no split beyond the total tally; administration is expected to present updated budget schedules and project timelines to the board in subsequent reports.
Trustees emphasized the need to manage schedule and costs as the T.M. Clark project advances; the decision increases the district's contingency cushion to cover unforeseen construction or schedule-related expenses.
