March 2026 Capital Bond Program Update
Posted Date: 04/16/26 (01:56 PM)
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Program Overview
The Redmond School District's 2024 Capital Bond Program is progressing well through March 2026. The program is managing $111.6M in total revenue with $104.7M allocated across multiple projects, leaving $6.9M unallocated. To date, $12.3M has been paid out with $94.6M remaining in project budgets.
Key Financial Snapshot
| Category | Amount |
|---|---|
| Total Bond Proceeds | $97.7M |
| Bond Premium | $7.9M |
| Investment Income | $1.8M |
| Paid to Date | $12.3M |
| Remaining Balance | $94.6M |
Active Projects & Status
Completed/Nearing Completion
- Athletic Field & Track Projects (Summer 2025) – All phases 100% complete, now in warranty period
- Hugh Hartman Elementary Roofing – Contract awarded to J.R. Swigart; preconstruction activities underway for June 2026 start
In Progress/Preconstruction
- Obsidian Middle School Modernization – Interior renovations, lighting upgrades, restroom remodeling; Kellcon Construction mobilizing for summer 2026 construction
- Redmond High School Modernization – Largest project ($53M); 90% complete on construction documents; bidding begins April 2026; construction runs May 2026–August 2027
- Tumalo Community School Addition & Renovation – Subcontractor bids received March 26; moving toward Guaranteed Maximum Price (GMP); Land Use appeal hearing scheduled for April 21
- Sage Elementary Cooling Retrofit – Mechanical contractor onboarded for early procurement; construction June–August 2026
- Terrebonne Community School Cooling Retrofit – Similar scope to Sage; construction June–August 2026
Planning Phase
- Tennis Court Project (Summer 2026) – Bid awarded; construction begins May 25, 2026
Contract & Local Vendor Activity
March Achievements:
- 6 new contracts established and 35 invoices processed
- 92 total contracts awarded: 67 professional service agreements ($8.5M) and 25 construction contracts ($12.6M)
Local Investment:
- 42.9% of contracts awarded to Central Oregon vendors and contractors
- $9.05M of $21.09M total contracted funds going to local businesses
- 19 local vendors and contractors actively working on projects
Key Highlights & Challenges
Highlights:
- Strong subcontractor participation across all bid scopes
- Early trade partner integration strengthening coordination
- Successful Spring Break HVAC system installations supporting summer schedules
- Phasing plans finalized to minimize disruption to school operations
Challenges:
- Redmond High School: Managing scope within existing building constraints while maintaining operations
- Sage & Terrebonne HVAC Projects: Accommodating system upgrades within spatial limitations of mechanical rooms
- Tumalo School: Land Use appeal filed by adjacent property owner regarding right-of-way encroachments (hearing April 21)
Next Steps
- April 2026: Redmond High School 100% construction documents issued; general contractor mobilization plan presented
- May 2026: Multiple projects commence summer construction (Sage, Terrebonne, Tennis Courts, Tumalo, RHS, OMS)
- June–August 2026: Peak construction activity across district schools
- August 2027: Redmond High School modernization target completion
Program Contact
Chad Franke, Program Manager
chad.franke@hmkco.org
971.304.0710

