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Meeting Date:
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10/26/2021 - 5:00 PM
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Category:
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Study/Action Items
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Type:
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Action
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Subject:
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Recommendation for Alternative Education School & Innovation Center on Pine Drive
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End Statements:
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Enclosure
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Attachment #1: NV5 10-15-21 Presentation
Attachment #2: Initial Guaranteed Maximum Price for Alternative Education School
Attachment #3: Initial Guaranteed Maximum Price for Innovation Center
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File Attachment:
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Summary :
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A new Alternative Education School is funded by the 2018 Bond. A new Innovation Center to support Career and Technical Education, and Postsecondary and Workforce Readiness is funded by 2018 Bond premium and interest, and cash-in-lieu funds.
On February 19, 2019 the Board of Education approved the recommendation from the Long Range Planning Committee (LRPC) to use the school site located at 11041 Pine Drive in Parker for these facilities.
Design is complete for the site improvement and both facilities, and includes all requirements from Authorities Having Jurisdiction. The Construction Manager General Contractor (CMGC) has submitted Initial Guaranteed Maximum Prices for construction. Costs for the total project have been finalized.
The project is significantly over budget. If both the Alternative Education School and Innovation Center were constructed, the project is $3.7M over budget. If just the Alternative Education School were constructed, the project is $6M over budget. Budget overruns are due to the required on-site and off-site traffic improvements, including the realignment of Hills Drive, extensive amount of site development and landscaping, and the delay in obtaining the 2 acre parcel and access to Hills Drive and the resulting hyperinflation in the construction market. If one or more of these buildings were to proceed, additional cost increases are also possible due to the impact of COVID on the supply chain.
Of the $41.1M budgeted for this project, $3M has been spent on design, and $38.1M is remaining. The majority of these design fees were for the building designs which would allow these buildings to be site adapted to any suitable school site in the future.
Staff is recommending this project with both buildings on the Pine Drive school site be placed on hold due to the lack of funds in the budget and bond. In the future, DCSD could continue this project when the financial climate improves and/or funding becomes available, utilize the building designs at other school sites, or explore other facility opportunities to meet these program needs more effectively. Bond funds budgeted for this project could be repurposed for capital needs elsewhere and is permissible under the bond language. While other uses of the remaining funds would likely extend beyond the general 5 year term, there is no impact to currently available bond proceeds.
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Funding:
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Recommendation:
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That the Board of Education approve placing the Alternative Education School and Innovation Center on Pine Drive on hold due to budget overruns.
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Approvals:
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Recommended By:
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Signed By:
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Richard Cosgrove - Chief Operations Officer
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Signed By:
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Kate Kotaska - Chief Financial Officer
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Signed By:
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Corey Wise - Superintendent
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Vote Results:
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| Original Motion | | Member Susan Meek Moved, Member Elizabeth Hanson seconded to approve the Original motion 'That the Board of Education approve placing the Alternative Education School and Innovation Center on Pine Drive on hold due to budget overruns.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 6 Nay: 0 Abstain: 1. | | The motion Carried 6 - 0 | | | | | Ray D | Yes | | Christina Ciancio-Schor | Abstain | | Anthony Graziano | Yes | | Krista Holtzmann | Yes | | Kevin Leung | Yes | | Susan Meek | Yes | | Elizabeth Hanson | Yes | |
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