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MSD Southwest Allen County Schools holds first public hearing on proposed $85 million bond package
Summary
MSD Southwest Allen County Schools opened a public hearing on proposed districtwide facility improvements and a plan to borrow up to $85 million to fund a new CTE building, K–8 renovations, playground upgrades and other projects.
MSD Southwest Allen County Schools opened a public hearing on proposed districtwide facility improvements and a plan to borrow for the work, the district said during a presentation at Whispering Meadows.
The district presented a preliminary program and financial parameters that would allow the district to borrow up to $85,000,000 and to sell bonds in multiple issuances over about three years to match cash-flow needs and minimize capitalized interest. "This is the first step in this process," the district's presenter said, adding that "no formal board approval is required during this time." The board scheduled a second preliminary-determination hearing for April 15.
Why it matters: The proposal would fund a set of building projects across the district that district staff said are…
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