Bond Update_Update_2026-09-15

Bond Program Update September 15, 2026 Agenda 2 ● Program Status ● Schedule ● Program Budgets ● Project Updates Program Status Update 3 2012 Bond Program Project Status Total Projects Pre-Planning Design Phase Construction Post Construction Completed 34 1 1 1 1 31 4 NOTE: source data: Ebuilder reports by bond measure, sorted by project status. Audit of Project Completion and Closeout statuses is currently ongoing. 2017 Bond Program Project Status Total Projects Pre-Planning Design Phase Construction Post Construction Completed 191 4 7 16 53 111 5 NOTE: source data: Ebuilder reports by bond measure, sorted by project status. Audit of Project Completion and Closeout statuses is currently ongoing. Total Projects Pre-Planning Design Phase Construction Post Construction Completed 116* 4 5 30 32 45 2020 Bond Program Project Status 6 *Approximately $512 M remaining to be scheduled for 2020 Bond. NOTE: source data: Ebuilder reports by bond measure, sorted by project status. Audit of Project Completion and Closeout statuses is currently ongoing. 2025 Bond Program Project Status * Total projects will increase as the program progresses. 7 Total Projects Pre-Planning Design Phase Construction Post Construction Completed 27* 16 5 1 5 0 Schedule and Budget Update 8 Program Schedule Update 9 Design Phase Procurement Land Use Permitting Construction Phase Closeout Program Schedule September 2026 2026 2027 2028 2029 2030 Jefferson High School Cleveland High School Ida B. Wells High School Grice-Adair Center for Educational Excellence All future dates, durations and projections are subject to change 20302025 2026 2027 2028 2029 JHS Overall Project Schedule BUILDING PERMITS LAND USE BUILDING CONSTRUCTION COST STUDY PROJECT REDESIGN & CONSTRUCTION DOCUMENTS SPRING 2027 BASEBALL FIELD SOFTBALL FIELD S PARKING LOT COMPLETE TRACK & FIELD GRANDSTANDS TENNIS COURTS N PARKING LOT COMPLETE FALL 2030 PROJECT COMPLETE NEW BUILDING CONSTRUCTION SOUTH FIELDS CONSTRUCTION SPRING 2027 START NEW BUILDING CONSTRUCTION DEMO BUILDING AND COMPLETE SITEWORK SUMMER 2029 JEFFERSON HS COMPLETE MOVE IN MAY 2026 GROUNDBREAKING 20302025 2026 2027 2028 2029 CHS Overall Project Schedule LAND USE MOVE IN COST STUDY PROJECT REDESIGN & CONSTRUCTION DOCUMENTS FALL 2028 CHS STADIUM OPENS SUMMER 2029 NEW CLEVELAND HS COMPLETE SUMMER 2028 MOVE INTO IMPROVED STADIUM JULY 2026 CHS MOVES TO MARSHALL DEMO & EARTHWORK START SUMMER 2029 MOVE INTO NEW BUILDING BUILDING PERMITS BUILDING CONSTRUCTION JUNE 2026 GROUNDBREAKING DEMO 20302025 2026 2027 2028 2029 IBW Overall Project Schedule LAND USE BUILDING CONSTRUCTION DEMO BUILDING AND COMPLETE SITEWORK MOVE IN COST STUDY PROJECT REDESIGN & CONSTRUCTION DOCUMENTS AUGUST 2029 NEW IDA B WELLS HS COMPLETE AUGUST 2030 FIELDS AND SITEWORK COMPLETE SPRING/SUMMER 2029 NEW BUILDING COMPLETE WINTER 2026/2027 START BUILDING CONSTRUCTION FALL 2030 PROJECT COMPLETE BUILDING PERMITS 2012 Program Financial Status 7/1/2026 Modernizations: Franklin HS, Grant HS, Roosevelt HS, and Faubion PK-8 Middle School Science Upgrades Consolidated Projects: Accessibility, Seismic Project Budget Outstanding Encumbrance Amount Paid to Date Remaining Balance Franklin HS Mod $110,950,414 $0 $110,950,414 $0 Grant HS Mod $155,300,188 $0 $155,300,188 $0 Roosevelt HS Mod $97,128,043 $0 $97,128,043 $0 Faubion Replace $30,653,663 $0 $30,653,663 $0 Grant Upper Field $3,170,988 $0 $3,170,988 $0 RHS Phase IV $6,153,741 $0 $6,153,741 $0 Other Projects $112,740,428 $8,100 $112,710,428 $21,900 Grant & Franklin Add Ons $367,663 $92,107 $75,464 $200,092 Administration $31,284,018 $0 $31,284,018 $0 Contingency $83,104 $0 -$902 $84,006 PPS 2012 Bond Program Total $547,832,249 $100,207 $547,426,043 $305,998 Current balance of $242k as of 9/1/26 2017 Program Financial Status 7/1/2026 Modernizations: Benson Polytechnic, Lincoln, McDaniel, Kellogg Middle School and Multiple Pathways to Graduation Consolidated Projects: Water Quality, Security Upgrades, New Roofs, Asbestos Abatement, Radon Remediation, Lead Paint Stabilization, Life Safety Upgrades, Accessibility, Seismic Project Budget Outstanding Encumbrance Amount Paid to Date Remaining balance Benson HS Mod $146,614,560 $378,357 $143,715,501 $2,520,702 Benson Add Ons $2,865,020 $232,666 $1,266,243 $1,366,111 Benson Swings $12,199,595 $0 $12,199,595 $0 Lincoln HS Repl $240,836,448 $28,738 $224,096,580 $16,711,130 Kellogg MS Replace $57,648,703 $0 $57,648,703 $0 McDaniel Mod $197,000,000 $48,407 $196,817,745 $133,848 Health & Safety $168,865,686 $22,536,517 $124,615,088 $21,714,081 Athletics $4,734,678 $174,034 $2,278,729 $2,281,914 Administration $61,087,401 $168,934 $60,908,060 $10,408 Contingency $593,194 $0 $0 $593,194 PPS 2017 Bond Program Total $892,445,285 $23,567,653 $823,546,245 $45,331,387 2020 Program Financial Status 7/1/2026 Modernizations: Jefferson HS, Pre-Planning/Design Ida B Wells and Cleveland HS, The Center of Black Excellence, Roosevelt (added capacity), and Benson Consolidated Projects: Curriculum Materials, New Technology for classroom and distance learning, Health & Safety, Seismic, Security, Re-Roofing Project Budget Managed by PROCEDEO Budget Managed by PPS Outstanding Encumbrance Amount Paid to Date Remaining Balance Benson 2020 Funds $164,903,890 $640,328 $162,803,433 $1,460,129 Jefferson HS Mod $366,007,500 $38,429,302 $30,053,013 $297,525,185 Jefferson Add Ons $152,175 $149,945 $250 $1,980 CEE $60,000,000 $34,238 $16,222,680 $43,743,082 Cleveland HS – Design $23,679,515 $8,412,380 $15,270,600 -$3,465 Cleveland Swing Site $137,500 $1,800 $105,905 $29,795 Wells HS – Design $20,000,000 $2,404,163 $17,584,080 $11,757 Roosevelt PhV – Design $2,000,000 $1,035 $97,625 $1,901,340 MPG Building $80,447,075 $267,192 $77,947,593 $2,232,290 Curriculum $63,319,191 $1,255,550 $54,617,744 $7,445,897 Technology $136,100,000 $16,660,493 $91,534,529 $27,904,978 Infra Projects $268,153,105 $19,787,893 $235,023,435 $13,341,777 Administration $51,706,045 $1,239,513 $34,440,015 $16,026,517 2017 Bond Balance $0 $0 $0 $0 Contingency – OSM $79,451,387 $0 $0 $79,451,387 Unallocated Funds $17,649,899 $0 $0 $17,649,899 PPS 2020 Bond Program Total $469,976,690 $863,730,592 $89,283,832 $735,700,902 $508,722,548 2025 Program Financial Status 7/1/2026 Modernizations: Cleveland HS, Ida B Wells HS, and Jefferson Consolidated Projects: Security Upgrades, Seismic, Technology, Improvements for Roosevelt, Lincoln, Franklin, and Grant, and New Athletic Hub Facilities at Jackson MS and Marshall Campuses Project Budget Managed by PROCEDEO Budget Managed by PPS Outstanding Encumbrance Amount Paid to Date Remaining Balance Priority Scope $190,000,000 $10,622,793 $344,233 $179,032,974 Athletics $79,000,000 $1,347,024 $2,047,435 $75,605,541 Technology $176,000,000 $3,916,460 $26,452,579 $145,630,961 Physical Education $10,000,000 $0 $0 $10,000,000 Curriculum $56,000,000 $0 $0 $56,000,000 Jefferson HS Modernization $100,000,000 $0 $0 $100,000,000 Cleveland HS Modernization $448,911,745 $12,273,030 $393,615 $436,245,100 Ida B Wells HS Modernization $429,350,000 $29,359,062 $507,760 $399,483,178 Elementary & Middle Schools $171,738,255 $0 $0 $171,738,255 Admin $83,050,000 $57,898,825 $7,570,008 $17,581,167 Contingency $125,956,806 $0 $0 $125,956,806 PPS 2025 Bond Program Total $978,261,745 $891,745,061 $115,417,194 $37,315,630 $1,717,273,982 Project Updates 18 Project Overview Current Phase: In Construction Scope: New Facility New Facility: 299,485 SF Construction Start: Spring 2026 Student Move-In: 29-30 School Yr Tentative Sub Com: Fall 2030 GMP Construction Timeline: TBD 5210 N Kerby Ave, Portland, OR 97217 ConstructionDesign Procurement Total Budget CMGC GMP $466,007,500 GMP: $TBD Project Budget Project Status Construction NTP 6/15/26 Project Update 1 50% CD Review Session complete, estimate reconciliation & review are underway 2 Permits issued for for baseball & softball fields, construction is ongoing 3 Project team met with JHS staff to provide overview of current and future on-site construction phases and allow for questions & answers General Scope ✔ New all-electric multi-story building ✔ Includes a theater, health center, teen parent center, and dance studios ✔ Track and field relocated to the site of the current structure ✔ New softball field and baseball/soccer multiuse field 19 Design 50% CD Review Complete 100% 0% Jefferson HS Modernization Contractor (CMGC) Colas Hoffman Architect BORA & LEVER PPS PM Steve Effros PPS Zone 2 Michelle DePass > JHS Field Construction - 8/21/26 2025 Bond Program Status Update > JHS Field Construction - 8/28/26 2025 Bond Program Status Update Project Overview Current Phase: In Construction Scope: New Facility New Facility: 297,000 SF Construction Start: Summer 2026 Student Move-In: 29-30 School Yr Tentative Sub Com: Summer 2029 GMP Construction Timeline: TBD 3400 SE 26th Ave, Portland, OR 97202 Contractor (CMGC) Skanska Architect Mahlum PROCEDEO PM Scott Mears PPS Zone 6 Stephanie Engelsman ConstructionDesign Procurement Design Total Budget CMGC GMP $472,553,760 GMP: TBD Project Budget Project Status Construction Marshall Swing Start - 3/30/26 Demo Start - 7/7/26 Project Update General Scope ✔ 2 new four-story buildings connected by a skybridge ✔ Dynamic outdoor courtyard ✔ New arts theater, black box theater, 2 gyms, and dance and wrestling studios ✔ Improvements to track and athletic fields 22 Permit 2 Set In Review 100% Cleveland HS Modernization 2% 1 The Marshall site is complete and students have moved in for the school year 2 Abatement and demo is underway. Salvage of exterior masonry and interior materials is nearing completion. 3 Building Permit 1 is currently in review with the City > CHS Bldg Demo - 8/13/26 2025 Bond Program Status Update Project Overview Current Phase: In Design Scope: New Facility New Facility: 283,867 SF Construction Start: Winter 2026 Student Move-In: 29-30 School Yr Tentative Sub Com: Fall 2030 GMP Construction Timeline: TBD 1151 SW Vermont St, Portland, OR 97219 ConstructionDesign Procurement Total Budget CMGC GMP $449,350,000 GMP: $TBD Project Budget Project Status Construction NTP Pending Project Update General Scope ✔ New four-story building including instructional spaces for Career Technical Education programs ✔ New performing arts, commons, and outdoor spaces ✔ Full complement of athletic fields and upgrade of existing fields on the Rieke side ✔ The existing pool is not in the scope, but a new pool support building is included 24 Design 50% CDs In Review 0%100% Ida B Wells HS Modernization Contractor (CMGC) Hoffman Construction Architect BORA Architects PROCEDEO PM Gabe Asch PPS Zone 1 Christy Splitt 1 50% CD Review Session started on 8/12/26 2 Land Use approved on 8/28 3 Permitting submitted to the City and is under review 4 Groundbreaking scheduled for November 13th Project Overview Current Phase: In Design Scope: Renovations Renovations: TBD Construction Start: TBD Tentative Sub Com: TBD GMP Construction Timeline: TBD 1 N. Fremont St, Portland, OR 97227 Total Budget CMGC GMP $60,000,000 GMP: $TBD Project Budget Project Status SDs in Progress Project Update ConstructionDesign Procurement General Scope ✔ Renovation of buildings into PPS Managed Community Center, supporting programs for students of all ages and families with space for Study, Connection, Learning, and Movement ✔ A portion of the upper floors of the West Building will remain and be leased to Community Partner Organizations ✔ Space allocated for PPS and Community Partner Administration, as well as Community Gathering and an Outdoor Courtyard 25 Design Grice-Adair Center for Educational Excellence Contractor (CMGC) TBD Architect DLR PROCEDEO PM Khalil Rivera 1 Scope to Budget (STB) review session completed on 8/28, A/E approved to begin work on SDs 2 Initial cost estimate received and is within budget 3 AE site walks and facility assessments have been completed Seismic/Roofing - 2026 26 Summer 2026 Construction Roofing with Seismic ● Scheduled for 2026 Fall completion ○ Woodmere ○ Cesar Chavez ○ Marshall ○ Vestal Seismic Parts ● Scheduled for 2026 Fall completion ○ Vernon ○ Winterhaven ○ Marysville (Ph 3) YOUR BOND DOLLARS AT WORK! 2026 SUMMER CONSTRUCTION: $29.4M Seismic/Roofing - 2027 and Beyond 27 Anticipated 2027 Construction Start Seismic Parts and Partial Roof ● In Design ○ Richmond (DD Phase) ○ Capitol Hill (DD Phase) Seismic Parts ● In Design ○ Ainsworth (SRGP awarded, DD phase) ○ Kelly (DD phase) Full Seismic ● Design in progress ○ Beverly Cleary (CD mid-Sept) Anticipated 2028 and 2029 Construction Seismic Parts and Partial Roof ● Beach ○ Pre-Design docs due mid-Sept Full Seismic and roof ● Rose City Park ○ Pre-Design docs due Aug 31st YOUR BOND DOLLARS AT WORK! 2026 SUMMER CONSTRUCTION: $16M Facility Improvement Projects 28 Summer 2026 Construction ● Bridger - Mechanical Upgrades ● Buckman - Cafeteria Flooring Abatement and Replacement ● Buckman - Sidewalk Replacement ● Boise Elliot – Repaint majority of school ● Capitol Hill - Flooring abatement, structural repairs, new flooring ● George - Boiler Room Roof Beam Replacement ● Jefferson – Stage rigging repairs ● Kelly - Mechanical Upgrades ● Lent - Mechanical Upgrades ● Classroom Technology Upgrades - Gray, Markham, West Sylvan, Mt. Tabor , Harrison Park, Laurelhurst, Hosford, Buckman, MLC, Davinci, Chavez, MLK, Roseway Hts, Alameda, Ainsworth, Sellwood ● Roosevelt – Science Chemical Storage ● Rose City Park - Boiler Retube ● Sabin – Restroom Pipe Replacement ● Sitton – Truss repair/replacement ● Vestal – Built-in cafeteria table replacement ● DDC Controls Upgrades - Alameda, Beach, Chavez, James John, Brentwood, Roseway Hts, Sellwood, Sitton, West Sylvan ● Fire Alarm Upgrades - Glencoe, Marshall Campus, Woodlawn Athletic Sites 29 Grant Bowl Lighting ● “Flip the Switch” celebration on September 1st Jackson Athletic Hub ● Phase 1: Track & Field construction began in June and anticipated to be operationally accessible by Fall 2026 ● Phase 2: Multi-Use Field entering Permitting Phase August 2026 ○ Multi-Use completion Spring 2027 Powell Park Multi-Use Field, Lighting, and Support Buildings ● Continuing discussions with Parks for use agreement - meeting 9/8 Land Use Application Planning in Progress ● West Sylvan, Franklin, Roosevelt, Grant Seating Athletic Sites 30 Marshall Athletic Improvements ● Completed: ○ Light Retrofit ○ Track ○ Field ○ Tennis Courts ○ Gym ○ Weight Room > Grant Flip the Switch - 9/1/26 2025 Bond Program Status Update > Grant Wins 2-0! - 9/1/26 2025 Bond Program Status Update Fall 2026 Look Ahead 33 A round of applause to all of the teams who successfully completed large amounts of work over the summer. Our work does not stop here. We are continuously planning, designing, and implementing the work of the district. Modernizations - Continued field work and demolition, finalizing designs and construction planning. Facility Improvements - Planning and design for next summer projects, and ongoing facility improvements that can be done during winter break Athletics/PE - Continued work on the Jackson hub, and land use planning for other sites Security - Planning and implementation of smaller projects to enhance school security Technology - Continue updated technology deployments to classrooms, and the start of the ERP modernization moving to our new platform Current PPS Betterment Savings Recognized within the first 6-month of PROCEDEO Contract Total Realized Savings: $20,839,680 For Every $1 PPS has invested in PROCEDEO we have returned $2.25 in identified saving to the bond program Total PROCEDEO Fee Paid to Date Return on Investment Owner Betterment Savings Breakdown $6.4M Current ROI 225% Realized/Reallocated Savings • Reallocation of funds in 2012 Bond into Projects • Savings recognized by new processes no need for temporary labor • FF&E Coordination Repetitive SOW Corrected • Negotiated Street Closure Fee Cap with ODOT • Worked with ODOE to document effort for GET Questions Thank You Contact us PPS.NET pubinfo@pps.net (503) 916-2000 501 N Dixon, Portland, OR 97227