TITLE
Title
SCHOOL BOND PROGRAM: AMEND PROJECT ORDINANCE FOR STERNBERGER ELEMENTARY
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SPONSOR
Sponsor
Dr. Whitney Oakley, Guilford County Schools Superintendent
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BACKGROUND
Background
On October 14, 2025, the Board of Education approved a guaranteed maximum price contract and associated project ordinance for Sternberger Elementary. Through a competitive bidding process, Guilford County School awarded a construction contract to T.A. Loving/Walter B. Davis in the amount of $40,867,556. Sternberger will be a complete rebuild project with a total square footage of 86,883.
The Joint Capital/Facilities Committee reviewed the project adjustment at the October 29, 2025 meeting. Guilford County Schools was able to achieve a $8,656,711 reduction to the programmed budget, which was estimated at $65,500,000. The achieved savings are being re prioritized to support system wide capital renovation. The revised total project ordinance to complete the project is $56,843,289.
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BUDGET IMPACT
Budget Impact
School Capital Outlay Fund
Sternberger Elementary
$46,355,526 increase in appropriation to Project Ordinance
$46,355,526 increase in Other Revenue (Bond Proceeds)
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REQUESTED ACTION
Requested Action
Amend the capital project ordinance for Sternberger to increase the appropriation to the project by $46,355,526 and increase Other Revenue (Bond Proceeds) by $46,355,526.