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Board approves preliminary 2025 GO bond resolutions, advances project financing process

August 25, 2025 | Southern Hancock Co Com Sch Corp, School Boards, Indiana


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Board approves preliminary 2025 GO bond resolutions, advances project financing process
The New Palestine Community School Board on Aug. 25 approved a set of resolutions to move forward with project financing and a preliminary 2025 General Obligation bond issuance. Director of Finance Sarah Gizzi presented the resolutions; the board voted unanimously on each motion.

The approvals included a Project Resolution, a Preliminary Determination Resolution, a Preliminary Bond Resolution for the 2025 GO bond issue and a Reimbursement Resolution. The board recessed briefly for a Project Hearing and a second preliminary determination hearing; no public comments were received during the hearing, and the regular meeting resumed.

Why it matters: the approved resolutions authorize the district to continue the formal process for issuing bonds and taking other financing steps. The meeting record does not specify the bond amount, the projects to be funded, or the bond sale timetable; those details were not provided in the agenda materials discussed at the meeting.

Mrs. Laura Haeberle, Board President, asked for motions on each resolution. The voting record in the minutes shows the following formal actions: for the Project Resolution (agenda item 8.2) Mr. Jon Hooker made the motion and Mrs. Amanda Wooton seconded; for the Preliminary Determination Resolution (8.3) Mr. Brian McKinney moved and Mr. Jon Hooker seconded; for the Preliminary Bond Resolution (8.4) Mr. Dan Walker moved and Mr. Brian McKinney seconded; and for the Reimbursement Resolution (8.5) Mr. Jon Hooker moved and Mrs. Amanda Wooton seconded. Each motion passed 5-0.

The record also notes that the board held a Project Hearing and a second preliminary determination hearing immediately before taking the resolutions; the minutes state there were no comments or questions from the public or board members during those hearings. The transcript does not provide further detail on the projects referenced in the resolutions or on any timetable for issuing bonds.

Next steps and limitations: the board’s approvals were procedural authorizations to continue the bond and financing process. The minutes do not list specific dollar amounts, planned capital projects, or dates for bond sale or closing. The district’s Director of Finance or subsequent board materials would be the sources for those missing details.

Action summary: The board approved the project resolution, preliminary determination resolution, preliminary bond resolution and reimbursement resolution, each by 5-0 vote, with motions and seconds recorded in the meeting minutes.

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Scribe from Workplace AI
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