A. The District
shall maintain a project file that shall include, but not be limited to, the
following documents:
1. All documents related
to the project approval process, including project siting, land acquisition,
real estate documents (deeds, leases, title report including searches for
easements, mortgages, judgments, liens, unpaid taxes, water and sewer, or
property description by metes and bounds) surveys, school board resolutions,
referendum ballot questions or municipal debt ordinances, and all public
notices.
2. All documents related
to the financing of the project including:
a.
Selection and payment of professionals, such as bond counsel and other
attorneys, underwriters, financial and investment advisors, trustees, official
printers, and bond insurers;
b.
Structuring of the financing, such as the method(s) of borrowing considered,
complete financing estimates and cash flows, all number runs including escrow
sufficiency, if applicable, and yield calculations, the rationale for the plan
of financing (resulting in the issuance of obligations under terms most
advantageous to the District), long-range plans or models, computerized models,
private uses, and costs of issuance; and
c. Issues of debt, such as general, series
and supplemental bond resolutions, trust indentures, trust agreement,
preliminary official statement, all disclosure materials, Official Notice of
Sale or Purchase Contract, arbitrage certificate, tax regulatory agreement, IRS
Form 8083, as appropriate, Disclosure Agreement, and TEFRA Notice, if
applicable
3. All
documents related to the bidding process, evaluation of bids, award, and
execution of contracts, the specifications, request for proposal ("RFP") or
other invitations to bidders, the advertisements or public notices of the
opportunity to bid, logs of the bids received and the bids opened, bid
evaluation worksheets, notices of contract award, and the executed construction
contract documents;
4. All
documents related to the construction of school facilities, including the
documents required to be kept by the construction contract documents,
specifications, change orders, alternate submissions, approvals or rejections,
unit prices, product data, time of performance schedules, construction
photographs, quality control management reports, value engineering information,
up-to-date project accounting system, intermediate and final audits, "as
builts" or other drawings documenting the actual facilities built and fixtures
installed, close-out documentation on forms provided by RIDE, related
correspondence, vouchers, and certifications;
5. All payroll certifications filed with the
District by all contractors and subcontractors; and
6. All documents a District is legally
required to make, maintain, or keep on file as part of a construction
project.
B. The
documents above shall be maintained in a readily accessible place for review
and inspection by the RIDE and any other related agencies for the duration of
the school facilities project and three years thereafter or, if litigation
concerning any aspect of the school facilities project is instituted, until
completion of all litigation, whichever is later.