The Board of Trustees authorized the issuance of school building bonds at its regular monthly meeting, June 15. Doug Whitt of SAMCO Capital Markets, the district’s financial adviser, presented the Board with a summary of the plan of finance for the bond referendum approved by voters in May. The plan calls for bonds to be purchased in phases and aligned with the proposed project timeline. The Board authorized the first $90 million of the $173 million approved by voters. The first bond installment will occur this summer to provide funding for the first phase of projects which are set to begin in June. Projects will go through a design phase and a bid process before construction begins.
First phase projects include additions at White Oak Middle School and Porter High School; the building of a new elementary school, an early college high school, and a district natatorium; and technology infrastructure updates across the district. Project timeline dates are set for project-management purposes and may be adjusted in response to changing circumstances as work progresses.
