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Bond Oversight Committee recommends moving $7.17M from Vista Ridge to Cedar Park High School modernization
Summary
The Bond Oversight Committee unanimously recommended reallocating $7,170,365 from the Vista Ridge High School modernization bond to Cedar Park High School after project estimates indicated a budget shortfall; the packet lists detailed PR pricing that totals the amount and shows the BOC vote as unanimous, while Board action is requested in the agenda packet.
The Bond Oversight Committee (BOC) recommended that the Board reallocate $7,170,365 from the 2023 Vista Ridge High School (VRHS) modernization bond to the Cedar Park High School (CPHS) modernization project to address a budget shortfall as work reaches the midway point.
BOC materials presented by Chairman Jon Lux and Chief Operations Officer Jeremy Trimble state that VRHS currently has savings sufficient to support the transfer and that reallocating funds will allow both projects to be completed to scope. The packet includes a line-item pricing list that sums to $7,170,365 and breaks costs into scope categories: PR 011 PAC ($4,496,119), PR 010 IDF/elec AC replacement ($682,552), PR 013C casework ($396,338), replenishing owner's contingency ($300,000), and other construction items and phasing costs.
The BOC recommendation is described as unanimous in the presentation materials and administration recommended the Board approve moving the funds. The board packet includes a sample motion to approve the reallocation; the materials do not show a recorded Board vote.
