The board met this evening to continue discussion on the bond measure and to confirm their role of advocating for quality learning environments for current and future students of our school system. They once again reviewed the components of each of the individual projects and also discussed the timing of those projects, the projected costs, and asked questions as they considered the two decisions they must make.
• When to bring the bond measure to a vote.
• What projects and related costs to include in the bond request.
They have spent almost three years focusing on this need and this evening made the decision to direct us to prepare a resolution for a bond measure vote in April 2011. They also directed us to include in the resolution the dollar amount necessary to complete the projects identified in the long range plan. We will subtract from this amount projected interest earnings and any further savings that may be made from a review of timeline related to inflationary costs and the use of projected impact fees for identified projects.
So, we will now prepare the resolution for final action and move forward to share information with our community on our need and options if we are not successful in passing the April measure. I will share with you the resolution dollar amount that will be less than this evening’s projection of $127.5 million. I expect this to be completed within the next month.
The next phase of our story can now move forward.