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Superintendent: revised capital-project estimate ~ $31.6 million; state aid narrow but energy contract could add 10%
Summary
Superintendent Dr. Meyer told the board the district's maximum cost allowance is roughly $25.5 million while the project estimate is about $31.6 million, leaving a funding gap; an energy‑performance contract timed with the project could yield an additional 10% in state aid.
Superintendent Dr. Meyer provided a preliminary update on the district's planned capital project, saying the construction manager has returned updated estimates that raise the district's total project cost. "The NCA ... we're looking at 25,000,000 about $25,500,000 here," Dr. Meyer said, and later added, "the whole project is estimated at, $31,600,000." Board members were told those numbers could change after a final review by the construction manager and the district's fiscal adviser.
Dr. Meyer explained the gap between the maximum cost allowance (NCA) and the full project estimate includes soft costs such as architect and construction‑manager fees. He also described an energy‑performance contract (EPC) the district could attach to the capital work. "If we vote, we can get that additional 10% to bring us back up to the 90.1% on that," Dr. Meyer said, referring to the aid calculation. The board discussed timing the EPC to overlap with construction to reduce disruption and potentially increase state aid; no formal board action was taken at the meeting. Staff said more detailed numbers from the construction manager and the district fiscal adviser will be available at a later meeting.
