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BVSD Bond Program

Thanks to BVSD voters, who approved the unprecedented bond issue on the November 2014 ballot, our district will be able to make significant and lasting improvements that will benefit every student. The $576.5 million bond program will enhance the learning environment in every school and support the strategic plan goals in learning, talent and partnerships.​​​​

What​'s happening now

First round of bonds totaling $250 million sold
Competitive bids reflect market’s high level of confidence in the district

In April, BVSD issued the first set of bonds for the $576 million bond program approved by voters last November. The bids received reflect the bond market’s very high level of confidence in the district, which results in lower interest cost for taxpayers. Proceeds from the $250 million issuance will fund the first phase of the bond program.

The district accepted offers from prospective underwriters for its Series 2015 General Obligation Bonds. The district’s bonds carry high-grade ratings from Moody’s (“Aa1”), Standard & Poor’s (“AA”) and Fitch (“AA+”). The bonds were offered using a competitive bid process on the internet, and BVSD received six bids for the full amount of the issue. The best bid was submitted by Morgan Stanley, with a True Interest Cost (“TIC”) of 3.857%. The five other bidders were Citigroup, Bank of America Merrill Lynch, Wells Fargo Bank, J.P. Morgan and Barclay’s Capital. The other five bids ranged from 3.874% to 3.994%. Morgan Stanley’s bid, which produces the lowest overall cost to the district, was accepted. 

Bond Program News

A new school campus with an elementary and middle school planned for the BVSD side of Erie will open in fall 2017. The campus will be located in the Flatiron Meadows neighborhood and is included in phase 1 of the bond program. The schools will serve new and growing neighborhoods in Erie currently served by Lafayette Elementary and Angevine Middle schools in Lafayette.

Planning for the $39.7 million project will get underway this spring. Families and community members will have the opportunity to provide input to the process. Check back here for information about how to participate. 

 
The Citizens’ Bond Oversight Committee (CBOC) assists the district in providing accountability and transparency throughout the execution of the bond program. An advisory committee to the Boulder Valley Board of Education, CBOC’s primary responsibility will be to provide monitoring and independent review of the capital improvement projects described in the Educational Facilities Master Plan.​ 

The application process for the committee closed February 20. The board of education will consider a slate of candidates for the committee at its April 28 meeting. The first meeting of the committee will occur this spring. Learn more​

December 9, 2014 Update to the Board of Education | Phase 1 Project List​
Since the successful passage of 3A, a considerable amount of time has been spent in developing the Phase 1 project list along with the sizing and issuance of the first series of bonds. In addition, numeroudiscussions framing how the projects will be managed and organizing the accountability system have also occurred. Read more

THANK YOU! A message of gratitude from Dr. Messinger
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On behalf of the Boulder Valley School District it is my honor and pleasure to thank our communities for the tremendous support that led to and resulted in the passage of 3A, approving the sale of $576 million in bonds to finance the educational facility master plan and make significant improvements in all BVSD schools and grounds. Read more
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​​       Phase 1 Projects​


Schools
Birch
Boulder High
Broomfield Heights 
Centaurus 
Creekside
Erie Campus
Nederland Elementary
Nederland Middle/Sr.
New Vista
Peak to Peak
Pioneer
Sanchez
Southern Hills
Summit
Whittier
University Hill

Other facilities
Lafayette bus terminal
Nederland bus terminal
Education Center (Planning)
Transportation facility
Asbestos Abatement (Phase 1)
IT - Internet and system stability

Health and physical development - synthetic turf & track 
Angevine
Broomfield Heights
Centennial
Louisville Middle
Manhattan
Platt
 
 


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