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Center Grove outlines proposed $49 million capital projects package; board to return with specifics
Summary
District staff presented an overview of a multi-year capital project package with an estimated maximum bond amount of $49,000,500 to fund operations, HVAC and site work, buses, and other district-wide projects; staff said the district expects to return with specific projects and separate board actions before expenditures.
District staff reviewed a proposed multi-year capital projects package the board has advertised as a second hearing for June 12 and said the estimated maximum bond amount for the package is $49,000,500.
The staff presenter said the package is designed to be flexible across 2026–2028 and to fund items such as equipment purchases and maintenance, security upgrades, site development, technology equipment, buses and vehicles, HVAC and energy-efficiency projects, and co-curricular facility improvements. The presenter said the district structured the request broadly to accommodate uncertainties in assessed valuation following changes from Senate Bill 1.
On a specific project, staff described work planned at Middle School Central that would use a portion of the package (about $17 million of the overall program in the presenter’s summary) for a new HVAC plant and distribution units, floor and finish renovations, work on the west gym, an added lower-level restroom to serve sixth-grade students, exterior EIFS maintenance, and interior office reconfiguration. Staff said the Middle School Central work is part of a building lease amendment (the presenter called it a “fifth amendment” to that lease) and that the board will see project-specific appropriation items and public hearings when the district returns to the board for approvals prior to expenditure.
The presenter said the district expects to repay debt “as soon as possible at the lowest interest rate possible” and projected the project would not increase the debt service tax rate because the district intends to spread costs. Staff also noted the district is uncertain how assessed valuation will change and therefore wrote the package to preserve flexibility.
Board members asked questions; staff confirmed that specific projects will return to the board for separate approval and that additional public input hearings will occur before spending. There was no vote on the overall conceptual package at this meeting.
