For many, the summer is a popular time for undertaking projects like cleaning out the garage or doing some house maintenance. For their summer project, administrators at the San Ramon Valley Unified School District will explore potential general obligation bond and parcel tax plans for the future.
During what Superintendent Rick Schmitt called a “very preliminary discussion,” school board members gathered on Friday morning to review the future possibilities of local funding concepts and to review the status of current general obligation bonds and parcel taxes.
“(This is) to do more work to engage with more professionals, keep people updated along the way, as we do with updates on multiple topics throughout the summer, and do some work and bring it back to you with more detail,” Schmitt said just before the board gave their consent for staff to continue collecting information. “Over the next three months, we want to shape up the vision and the concept with some specificity for you.”
According to chief business officer Greg Medici, components of a future general obligation bond might include investments into staff housing -- which could generate its own revenue -- or various facility investments that cover safety improvements and campus modernization efforts.
However, district officials stressed that planning is still in the preliminary stages and much more consultation is needed with experts, teachers and the at-large community Plus, issuing a general obligation bond or seeking a parcel tax would require a vote of approval from the community.
Staff will continue to gather information over the summer, and are expected to present the board with additional information in the fall.
In other business
District officials also tabled a discussion on a contract of approximately $1.5 million, which will go toward the completion of the long-delayed Stone Valley Middle School modernization project, to next week -- doing so in order to finalize some legal language in the contract, according to district officials.
The $1.5 million, which was included in the project’s original budget approved by the board in 2016, will go toward time and materials needed by a project contractor, McGrath Electric, to finish the project.