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Bond Oversight Committee

August 01, 2024 - Workshop

Brittany Vandermark, Chair

Loren Barnes, Vice Chair

Michael McCullar, Chief Operating Officer

Nikki Schmidt, Chief Financial Officer

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AGENDA

Review purpose of workshop	5 min.	Purpose review
Review projected balances	30 min	Staff will present available funds for the execution of projects
Project Proposals	30 min.	Discussions around additional projects proposed by Weld RE-4
Direction	25 min	Weld RE-4 requests direction from the Oversight committee

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Purpose of Workshop

Review proposed projects to be funded by interest, principal, and project savings
Confirm priority ranking assigned by staff
Guidance on moving forward using project priority matrix

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Bond Finance - Balances

Current Contingency, excluding interest earnings $27,115,909
Current Interest, net of fees, $13,288,579
Estimated reserve for arbitrage. Assume ⅓ Rebate to be conservative ($4,429,526)

Contingency Balance Estimate $35,974,962

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Bond Finance

From Tax Compliance Certificate

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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

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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

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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

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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

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Next Steps

Direction regarding prioritization of projects

Large group review and discussion of priority numbers�

What is missing from the list?

Are you aware of any critical projects that we may have missed?
Are there any projects that may assist with better community engagement and/or relations (i.e., perception friction points)? �

Committee’s expectation of timeline(s)

Consideration of projects (if any) to begin design and / or execution of work

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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

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