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Board accepts Valley Ranch Elementary construction; final payment authorized
Summary
Trustees accepted Core Construction's completed additions and renovations at Valley Ranch Elementary, noting the original guaranteed maximum price was $30,495,000 and the final work came in about $704,571 under contingency; the motion passed 6'00.
Sid Grant asked the board to accept the work completed by Core Construction for the additions and renovations at Valley Ranch Elementary so the district could release final payment.
"The original guaranteed maximum price that you approved for Valley Ranch Elementary...was 30,495,000," Mr. Grant said, and reported the project closed roughly $704,571 below contingency. Trustees moved to accept the work and the motion passed 6'00, allowing final payment to proceed.
Why it matters: acceptance is a formal board step that clears final contract closeout and enables financial reconciliation for the bond project.
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