Bond Update

If you have questions about the Bond, please contact Tammie Schadd, Director of Business and Management Services, at (586) 727-3565, ext. 6008 or via email at tschadd@richmond.k12.mi.us OR Brian J.  Walmsley, Superintendent, at (586) 727-3565, ext. 6002 or via email at bwalmsley@richmond.k12.mi.us.
February 2020

02-10-2020 Superintendent, along with Paul Soma, Raymond James, and Matt Hiser, Thrun Law, provided Board of Education update on bond sales and projects.  Draft renderings of the elementary addition projects were shared with the Board as well as an update on the Athletics Field Turf Project, which is scheduled for Board approval on February 24, 2020.  A timeline of middle school and high school projects were also shared with the Board of Education.
Preschool entrance
SOuth Side View
02-07-2020 2020 School Building and Site Bonds, Series 1 does well in the market.  According to PDF, the District will net an increase in project funds, based on the market, of $439,914.  CLICK here for more information regarding the Summary of Financing Results.

02-05-2020 Bond sale for market
.  Raymond James, District Underwriter, coordinated the sale of the remaining bonds.


02-04-2020 Bond sale for retail market.  Raymond James, District Underwriter, coordinated the sales of approximately $800,000 to Michigan purchases.



JANUARY 2020

2020-01-28 - Informational meeting regarding Tax-Advantaged Investing and the 2020 Richmond Community School District Municipal Bond Issue, hosted by Raymond James, 7:00pm in the Media Center of Richmond High School.

                    Bond Invite
2020-01-28 Moody's Investor Service
- Credit Opinion released [CLICK HERE]
CLICK HERE for the Press Release from Moody's Investor Services.


2020-01-28 - Athletic Field Renovation
 sealed bids due

2020-01-27 - Athletic Field Renovation update to the Board of Education

2020-01-21 - Moody's Credit Rating Conference Call with Superintendent, Director of Business and Management Services, PFM Financial Advisers, and representatives from Moody's Investor Services

2020-01-21 - Athletic Field Renovation pre-bid meeting

2020-01-14 - Athletic Field Renovations bid package released (See Bid tab for more information).

CLICK HERE for Athletic Field Renovation Bid Drawings
CLICK HERE for Athletic Field Renovation Bid Specifications

2020-01-14 - Elementary Addition and Renovation preliminary drawings reviewed by Bond Team, consisting of Superintendent; Director of Athletics, Facility Use and School Safety, with consultation from French and Associates and George W. Auch Construction.

2020-01-08 - Bond Due Diligence Call with Superintendent; Director of Business and Management Services; Thurn Law (legal counsel for RCS); PFM (Financial Advisors for RCS); Raymond James (RCS Bond Underwriter), Varnum (legal counsel for Raymond James).

DECEMBER 2019
2019-12-17 - Elementary Addition and Renovation preliminary drawings reviewed by Bond Team, consisting of Superintendent; Director of Athletics, Facility Use and School Safety, with consultation from French and Associates and George W. Auch Construction.

2019-12-17 - Field Turf Design finalized by Bond Team, consisting of Superintendent; Director of Athletics, Facility Use and School Safety; Football, Soccer, and Track Coaches; with consultation from French and Associates, George W. Auch Construction and Foresite Design

Field Turf Project

CLICK HERE for a drawing of the Field Turf Project at Richmond High School


2019-12-09 - French and Associates approved by the Board of Education as the Architect for the Bond Projects

CLICK HERE for French and Associates contract, reviewed and recommended by Thurn Law


2019-12-09 - George W. Auch Construction approved by the Board of Education as the Construction Manager for the Bond Projects

CLICK HERE to learn more about the George W. Auch Construction company and recent projects.

CLICK HERE for George W. Auch Construction contract, reviewed and recommended by Thrun Law.


NOVEMBER 2019
2019-11-23 - 
Raymond James and Associates approved by the Board of Education as the Bond Underwriters

CLICK HERE to review the Bond Sale Timetable

2019-11-05 - Voters approve $38.71 Million Bond Proposal

CLICK HERE for the Canvass of Votes Cast at the General Election held on November 5, 2019
Thank You

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