Progress 34 update

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Program Progress Update 34 January 24, 2015 (updated February 2, 2015) Introduction This is the 34th in a continuing series of Bond Accountability Commission reports on the performance of the Cleveland Metropolitan School District’s school facilities program. The report is based largely on the Construction Manager’s report for December 2014. These reports focus on construction costs, featuring a format designed to graphically communicate the status of projects in ongoing Segment 5 of the planned 10-segment construction program, including the total costs of each project and the costs of each hard-construction contract. The program is currently funded by the Ohio Facilities Construction Commission and proceeds of $335 million in District bonds and notes authorized by local voters as part of Issue 14 in May 2001. Soon it will also be financed by proceeds of $200 million in bonds and noted authorized as part of ballot Issue 4 in November 2014. The OFCC pays for two-thirds of most design and construction costs. Segment 5 progress: All five elementary-school projects are completed and hosting classes. Construction of Segment 5’s three high schools -- Cleveland School of the Arts, John Marshall and Max Hayes – is under way, with completions expected in the summer of 2015. For these high schools, the District is using one of the new constructiondelivery methods authorized by the OFCC -- Construction Manager at Risk. Detailed cost charts, pictures, construction status and other information about Segment 5 projects follow on Pages 6-14.

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