Bond updates to our community are archived here.
April 4, 2023
Here is the latest informational update on the District’s $140 million construction bond measure approved by voters in November, 2022.
The David Douglas Bond Oversight Committee will hold its first meeting at 6 p.m., Thursday, April 6, at the District Office located at 11300 NE Halsey St.
This committee, made up of 16 District family and community members, is tasked with reviewing bond project plans and expenditures to ensure that they conform to those promised in the bond ballot measure. The Committee will continue to meet quarterly through the life of the bond projects.
Planning and design of projects continues, and construction should begin this spring and will continue through about December of 2026.
The District successfully sold the bonds on Feb. 23. The bonds were very attractive to buyers, who submitted a total of $2.6 billion in offers. This allowed a reduced interest rate, resulting in a lower cost to the community, and ultimately giving the District about an additional $6.1 million in premium.
After fees and other costs, here’s the bottom line: The District’s $140 million bond measure has actually produced $145.4 million to spend on construction projects. Add in the State of Oregon’s $8 million bond matching grant, and the District will be able to put more than $153 million into our schools and facilities over the next three years.
February 20, 2023
To Our David Douglas Community,
In November 2022, District voters approved a $140 million bond measure that will be used to make repairs, improvements, remodels and new construction to District facilities. We will regularly keep our community updated on bond progress, and here is our latest.
The District has received strong interest from the community in serving on the Bond Oversight Committee (BOC). Fifteen District residents have expressed interest in serving, and a handful of student members are being added soon. This committee will begin meeting quarterly in the next month or so. The District provided voters a specific list of projects that the bond funds would cover, and it is the purpose of the BOC to provide community oversight and recommendations to ensure that happens.
The funds to pay for the construction projects come from the sale of bonds to investors. That sale is scheduled for Thursday, Feb. 23.
A District leadership team, along with consultants, has selected architectural firms for the various bond projects. BRIC Architecture has been selected to design the Future Careers Center that will be constructed on the David Douglas High School campus. Three additional architectural firms have been selected to work on the planned repair and renovation projects. They are BBL Architects, Axis Design Group, and Soderstrom Architects.
Once the bonds have been sold, the District will put together a preliminary schedule of upcoming projects. That schedule, along with a Bond Oversight Committee meeting calendar, will be included in our next update.
Thank you voters!