Facilities Update Board Presentation September 16, 2026

This Facilities Update Board Presentation held on September 16, 2026, by the Lamersville Unified School District focused extensively on the district's facilities funding, school construction history, and future capital improvement plans. The presentation detailed the financial challenges of building and expanding schools within the MountainHouse master plan community, including the impact of developer fees, mitigation agreements, and the Marshall Swift index on funding availability. Key procurement-related discussions included the $155 million cost to build MountainHouse High School, the $52 million developer fee loan and its repayment schedule extending to 2047, and the estimated $387 million cost to build a new high school today. The district announced a framework agreement with the master developer to build a new Cortis campus and convert the existing Cortis campus into a MountainHouse High School annex, with a $65 million budget to address short- and midterm space needs. The presentation emphasized that current funding sources, including developer fees, general obligation bonds, and financing, are insufficient to cover the cost of a new comprehensive high school, necessitating alternative solutions. The board highlighted the importance of fiscal responsibility, maintaining program quality, and managing growth within the constraints of available funding and housing unit caps.