With all Travis County votes counted Wednesday, November 9, Lake Travis ISD voters approved two of three propositions in the District’s 2022 bond referendum—Proposition A, $548.4 million for school facilities, necessary sites for school facilities, and new school buses; and Proposition B, $60.8 million for school technology improvements. Propositions A and B totaling $609.2 million are the District’s largest issue to date.
Selection of Construction Manager At Risk (CMAR) for Elementary School #8
During its regular meeting held December 14, 2022, the Lake Travis school board awarded a Construction Manager at Risk (CMAR) contract to Bartlett Cocke General Contractors for Elementary #8—one of three new schools approved by voters in November 2022. CMAR is a project delivery method in which the owner hires a construction manager to oversee the project from design to completion and deliver it with a guaranteed maximum price. Elementary School #8 will be built on property already owned by the District on Bee Creek Road. A groundbreaking ceremony to officially commemorate the start of construction is anticipated later this spring and completion is expected in August 2024.
Bond Sale Information and Advertisment
- During its regular meeting held December 14, 2022, the Lake Travis school board adopted an order authorizing the issuance of Lake Travis Independent School District Unlimited Tax School Building Bonds in one or more series by delegated sale. The approval provides LTISD with an opportunity to efficiently manage the November 8, 2022 bond authorization by structuring its bond capacity into multiple issuances. The amount will not exceed $315 million of fixed rate, unlimited tax school building bonds. The bond proceeds will be used to pay for the construction of two elementary schools, the design of high school #2, district safety and security upgrades, transportation vehicles, technology upgrades, and replacement projects.
- View LTISD Series 2023 Bond Sale Advertisement