1 of 28

Bond Oversight Committee

September 19, 2024

Brittany Vandermark, Chair

Loren Barnes, Vice Chair

Michael McCullar, Chief Operating Officer

Nikki Schmidt, Chief Financial Officer

2 of 28

AGENDA

Bond Finance	20 min.	Staff will present updated financial information
Project Updates	45 min	Administrators with each entity will present information about projects included in the Bond
Approved Oversight Project Statuses	25 min.	Discussions around additional projects approved by the Oversight Committee

3 of 28

Bond Finance Update - Nikki Schmidt

Interest Earnings, net of fees and $441,731 arbitrage liability = $18.4 Million

4 of 28

Bond Finance Update - Nikki Schmidt

Hollister Lake

Total Budget $40,000,000

Potential Savings:

Construction Contingency $265,477

Moving $10,000

Furniture $110,806

Architect Reimbursable $24,175

Technology and Infrastructure $55,923

Project Contingency $620,537

Total: $1,086,918

5 of 28

Bond Finance Update - Nikki Schmidt

Orchard Hill

Total Budget $40,000,000

Potential Savings:

Construction Contingency $319,536

Furniture $56,980

Architect Reimbursable $14,514

Technology and Infrastructure $19,395

Total: $ 410,425

6 of 28

Bond Finance Update - Nikki Schmidt

Tozer Kitchen:

Potential Savings $289,032

Safety and Security (PA systems and Controls/Surveillance) – ALL savings to be held for Security related projects

Potential Savings $1,798,712

WHS Turf and stadium:

Potential Savings $436,183

7 of 28

Windsor Charter Academy

Brett Brown, Brown Property Services

8 of 28

FIREBIRD FACILITY

9 of 28

FIREBIRD FACILITY

10 of 28

FIREBIRD FACILITY

11 of 28

FIREBIRD FACILITY

12 of 28

FIREBIRD FACILITY

13 of 28

FIREBIRD FACILITY

14 of 28

FIREBIRD FACILITY

• Substantial Completion 9/24

• Punchlist Winding Down

• Deferred Work:

• Bleachers – November ‘24

• Solar – Summer ‘25

15 of 28

FIREBIRD FACILITY

Project Cost Statistics:

Project Budget: $17,999,972.43

Total Billed to Date: $15,803,186.33 or 88%

$13,586,046.00 or 95% of Construction Costs

$ 2,217,140.33 or 60% of Soft Costs & Solar

Project Contingency: $75,000, we plan to increase or shrink the solar array as needed to fully use the contingency.

16 of 28

Weld RE4 School District

Michael McCullar, COO

17 of 28

CR15 Middle School

Total Budget: $92,500,000
Construction Budget: $76,520,000
FGMP: $73,851,465
Original Contingency: $2,422,301
Remaining Contingency: $2,484,523
Substantial Completion: Spring 2025

18 of 28

SHS Classroom Expansion

Total Budget: $22,000,000
Construction Budget: $18,014,750
FGMP: $18,829,329
Original Contingency: $551,050
Remaining Contingency: $497,819
Substantial Completion: March 2025

19 of 28

SHS CTE

Total Budget: $13,500,000
Construction Budget: $11,051,723
FGMP: $12,387,097
Original Contingency: $513,171
Remaining Contingency: $392,614
Substantial Completion: November 2024

20 of 28

SMS Classroom Expansion

Total Budget: $26,500,000
Construction Budget: $21,738,281
Added Roof Scope: $2,700,000
FGMP: $24,770,251
Original Contingency: $589,587
Remaining Contingency: $810,490
Substantial Completion: August 2025

21 of 28

Bond Oversight & Remaining Bond Projects

Design Phase

Windsor HS HVAC*: Summer 2025
Window Security Film: Ongoing
Windsor MS HVAC*: Summer 2025
Windsor MS Roofing*: Summer 2025
Windsor MS Modernization: Summer 2026
District Office Expansion: December 2025
Culinary Modular Move to Windsor HS: August 2025
SHS Construction Trades Lab: August 2025
WHS Stadium Entrance Apron: Summer 2025
SHS BB/SB Plaza: Summer 2025

In progress

Tozer Playground ADA Additions: Fall 2024

*named Bond 2022 project

22 of 28

Priority 1 Projects - $20,600,000

Window Film $1,000,000
Grandview ES Mechanical $450,000
Tozer ES Mechanical* $2,000,000
Mountain View ES Mechanical $1,700,000
Skyview Mechanical* $750,000
Tozer ES Roofing* $750,000
Skyview ES Roofing* $75,000
Tozer ES Playground equipment - ADA $175,000
SHS Softball/Baseball Plaza Seating - ADA $2,000,000
WHS stadium entrance apron - ADA $250,000
Windsor MS Refresh $10,000,000
Culinary Modular move to WHS $950,000
Renovate SHS wood shop to construction trades lab $500,000

23 of 28

Priority 2 Projects - $20,525,000

Site Fencing $2,000,000
Signage/Wayfinding $575,000
Skyview Parking Lot Replacement* $750,000
Mountain View Parking Lot Replacement $750,000
Grandview playgrounds - Refresh $750,000
SMS Modular move to WHS $700,000
District Office Expansion $15,000,000

24 of 28

Priority 3 Projects - $7,100,000

Severance MS Track Replacement* $1,000,000
WHS stadium plaza $650,000
WHS Press Box $450,000
Campus Directed Projects $5,000,000

25 of 28

Q&A

BOND 2022

26 of 28

Priority Matrix

Priority 1 Criteria

Major system that has recurring failures and has reached the end of usable life
Issues related to ADA accessibility
Campus security initiatives

Priority 2 Criteria

System has failed and requires frequent maintenance
Athletic facility repairs or improvements
Growth needs in student or staff facilities

Priority 3 Criteria

Non-critical system in need of replacement and/or major repairs

27 of 28

District Office Addition

March 07, 2024

Bond Oversight approved administration to proceed through SD phase.

March 18, 2024

Weld RE-4 Board of Education approved SD phase contract with HCM Architects

June 13, 2024

SD package and estimate received
Bond Oversight SD Phase review

28 of 28

District Office Addition

What’s included?

Renovation of existing building 9,317 ft2
Additional new space 15,118 ft2
New board room
Meets existing needs plus intentionally planned space aligned with future growth
Completely new mechanical system to address ineffectiveness of existing units

SD Estimates

Construction Estimate - $11,442,475
Soft Cost 25% - $2,860,619
Total Budget - $14,303,094