DEWAYNE HOLLOWAY/dewayne@mcnews.online
MOUNT IDA – Two major steps forward were taken as Caddo Hills School District moves forward with their proposed construction project with the approval of the issuance of over $3 million in bond sales, and the hiring of Hill & Cox Construction Management Company.
The board met May 5 to discuss the hiring of a construction manager for the project. They met with Delk Construction and Hill & Cox Construction. Each company presented 30 minute presentations. The board voted to hire Hill & Cox to serve as construction manager for the District Bond Initiative Project.
The project included the expansion of the cafeteria and the PE Gym. The stage currently located in the cafeteria will be moved to the PE Gym along with a classroom adjoining the cafeteria. The space currently filled by the stage and classroom will be used to expand the seating and serving area in the cafeteria.
Expansion in the PE Gym will include the installation of the stage and classroom, along with an entryway, storage space and new bathrooms.
The project also included the construction of new parking lots around the PE Gym and elementary building.
Ray Beardsley presented the financial documents to the board and reported that they had received an outstanding rate of 2.44 percent on the bonds.
A resolution authorizing the issuance and delivery of $3,095,000 refunding and construction bonds was approved.
The board approved the adoption of the continuing disclosure dissemination agreement.
The board voted to employ First Security Beardsley as financial advisor for the district for a period of three years.
The board voted to adopt the special education application and assurances for 2020-21 school year.