Jefferson County 509-J School District has announced that they have selected Mike Tiller of Tiller Schoolhouse Consulting, LLC. to manage the school bond projects passed in November 2021.
The $24 million bond measure focuses on health, safety and security projects, repairing and updating aging school buildings and expanding vocational and early learning opportunities.
Tiller has worked on several school bond and K-12 construction projects across Central Oregon, mainly involving constructing new building, renovating and additions to school buildings.
"We are excited to partner with Tiller Schoolhouse Consulting to make our bond projects a reality," shared Jay Mathisen, Jefferson County School District Superintendent in a press release. "Tiller brings decades of Central Oregon school bond project management experience to the table and is committed to the success of our bond program."
The district also learned that it garnered an additional $2.5 million from the sale of the bonds. This premium is an extra amount investors paid for the district's bonds because they offer an interest rate higher than the prevailing rate. While the district will receive $2.5 million more than anticipated, the premium will not increase the tax rate. It will, however, allow the district to support bond projects and prepare for cost escalations and contingencies many construction projects face in the current economy.
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