Austin ISD trustees agreed tonight to unlock $30 million in contingency funds from a voter ratified 2013 bond to pay for critical facility projects.
When the bond program was first established, $28 million was set aside as program-level contingency funds. That figure has since fluctuated to $42 million. The district's Community Bond Oversight Committee met May 9 to review recommendations made by staff regarding where to allocate surplus bond monies, recommending the board of trustees approve the expense.
Some of the more urgent projects include:
— Demolition of Brown Elementary, which was immediately shut down last November following the discovery of failing floor structures
— Partial roof replacements at Joslin, Cook, Pillow, Ridgetop and Reilly elementaries, as well as Crockett and Travis high schools
— Elevator replacements at Austin High School
A full list of projects can be found
here.
Approximately $11 million will be left in the contingency funds following the implementation of these critical facility projects. Chief Financial Officer Nicole Conley Johnson said her staff felt comfortable with that figure, since most projects within Phase I, II and III are either bid, under construction or completed, and since Phase IV and V involve a finite amount of projects. Twenty-eight of the remaining projects in the last two phases are in the design stage and 16 projects have not begun.
Use of the $30 million in contingency funds was approved on consent.