Adults, left to right, Graford High School Principal Lori Henderson; maintenance director James Lenamon; Elementary Principal Wes Corzine; Ralph Perkins and Glenda Ramsey, with Harper-Perkins Architects; and Deena Cook; and elementary students, front, Emma Taylor, Maggie Rollins and Riley Cook; begin the GISD Board of Trustees meeting with the Pledge of Allegiance Nov. 14. (Stacy Rollins)
Thursday, the Graford Independent School District Board of Trustees canvassed the recently passed $7.5 million bond, met with Southwest Securities, discussed contracting options with Harper-Perkins and created a building committee.
Southwest Securities Representative Joey Durker presented a time line regarding the bond sales. Southwest Securities will apply for a Permanent School Fund Guarantee with the Texas Education Agency Nov. 20.
"We sell the bonds first," said GISD Superintendent Dennis Holt. "We're in the process of getting a triple-A rating."
That rating, he explained, would assure a state guarantee on the repayment of bonds.
"That is where we're at right now," he added.
Following that, the bonds are sold.
"Then the bonds are issued a few weeks later, perhaps mid-January," he continued. "The money is then put into an investment pool, then we can draw it out and put it into the school's construction account."
From there, architects will advertise for a construction manager-at-risk to oversee construction. The full board will vote on the construction manager-at-risk after interviewing no more than five and verifying qualifications.
A building committee, consisting of Holt, both principals, two board members and the maintenance director, will meet with the architect and general contractor, review progress and make minor decisions.
"In early spring we may be starting the projects," Holt said.