UPDATE: Additional Funds Invested in Capital Construction for K-12 SchoolsSep 23 2015 · 0 comments · Educational, NISHKIAN DEAN ·0
In addition to the SRGP funding put in place late last year to support seismic rehabilitation towards safety in schools (see previous blog post), the state recently passed House Bill 5005 which includes $125M in bonds for grant matching and $175M for seismic upgrading and retrofitting in local K-12 and higher education buildings.
Senate Bill 447 represented the $125M in local bond matching and would run from 2015-2017. It requires that each district provide matching funds from local bonds with minimum matching amounts of $4M or a GO bond amount. The lesser of the two will be used for the match and the maximum amount is $8M.
The $175M in seismic funding is already in place, and available as a competitive grant program, run by the Oregon Business Development Department. No matching is required to receive funds for this program and it is approved for seismic upgrading and construction for K-12 and higher education through 2017. Applications for this funding must include an engineering assessment, cost analysis, cost estimate and a DOGAMI needs assessment.
The Nishkian Dean team has already begun work supporting this as well as the SRGP grant program with projects for education and safety buildings (such as Fire Stations in Gresham and Gladstone). We also have an extensive history of providing seismic upgrade expertise for education projects throughout the state. Please contact us to learn more about these funding opportunities and how Nishkian Dean can support your firm’s efforts.