St. Vrain Valley School District has spent about 97% of the bond passed by voters in 2016.
In an update to the school board on Wednesday, district staff highlighted how the $260 million bond program has been spent. With bond proceeds and additional funding, the total bond program value is $317 million, of which $306 million has been spent.
To date, the district has opened over 250 additional classrooms with the money, focusing on projects to help mitigate capacity concerns in the Erie, Tri-Town and Silver Creek feeders. Additional projects included addressing safety and security, enhancing educational programs and building preservation or upgrades.
According to the presentation, $63.3 million has been spent in the Erie feeder system, $12.4 million in the Lyons feeder, $34.8 million in Frederick, $44.7 million in Mead, $17.3 million in Niwot, $10.7 million in Skyline, $22.7 million in Silvercreek, $17.7 million in Longmont and $54.7 million on alternative, districtwide and academy schools.
The district has opened several new schools thanks to the bond, including the Innovation Center. St. Vrain was also able to construct Mead Elementary School, which was not part of the original bond but could be afforded.
“That elementary school is the result of completing projects in such a timely manner that dollars that were allocated for things like inflation weren’t necessary,” Superintendent Don Haddad said. “We refer to that as outperforming the bond. So that brand new elementary school at Mead was not supposed to be there within that bond.”
Projects still underway include building preservation design investigations at Northridge Elementary, Hygiene Elementary and Sunset Middle schools, which should be completed by next year.
