The Herald Banner, Greenville, TX

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July 1, 2014

GISD board to discuss approving bond issuance

GREENVILLE — The Greenville Independent School District Board of Trustees is expected to approve the issuance of bonds during a called meeting at 6 p.m. inside the Wesley Martin Operations Center on 4004 Moulton Street.

The $72.25 million bond, which will be used to rebuild Bowie Elementary School, construct a new career and technology center and other renovations, was passed during the May 10 election.

According to Billy Myers, chief financial officer for Greenville ISD, once the board approves the issuance of the bonds, the approval will be sent to the Texas Attorney General’s office and the Texas Education Agency for their approval.

Pending approval from the state agencies, Myers said the funds should be deposited in their accounts by the end of the month.

The board will also discuss selecting a construction manager at risk for the construction and renovation services the bond requires.

With a two-year time frame to complete the projects, Myers said they are expected to get to work as soon as the funds are made available.

“Tentatively it should be completed by August of 2016,” he said. “That’s for everything.”

The bulk of the project will be the construction of a new Bowie Elementary School and a career and technology center. The new Bowie has a $17.6 million price tag and the new center comprised $18 million of the bond.

Myers said the district will begin next spring to set up a temporary campus behind Lamar Elementary School to house the students while construction is underway on the new Bowie.

Without significant delays, Myers said the two-year time frame gives the contractors enough to complete the project in 2016.

“It’s pretty realistic,” he said.

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