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Board approves preliminary 2025 GO bond resolutions, advances project financing process
Summary
The New Palestine Community School Board approved a package of resolutions — including a project resolution, preliminary determination, preliminary General Obligation (GO) bond resolution and a reimbursement resolution — to advance the district's 2025 bond financing. Specific bond amounts and project allocations were not specified at the meeting.
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…
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