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Griffith board holds required public hearing, approves four bond-related resolutions for 2026 project
Summary
The Griffith Public Schools board opened a statutorily required public hearing on a lease and additional appropriation tied to a planned 2026 construction project, heard no public speakers, and adopted four resolutions including a determination of need and authorization to execute the lease.
The Griffith Public Schools Board of Trustees opened a public hearing on a lease and additional appropriation tied to a proposed 2026 construction project and, after hearing no public speakers, approved four bond-related resolutions required by Indiana law.
The hearing is required under Indiana law before a school corporation may enter into a lease with a nonprofit building corporation; the board also held a separate vote to appropriate proceeds of the proposed bond sale. Board counsel explained the hearing procedures and noted that the notice had been published as legally required.
Board members then considered: (1) a resolution determining the need for the 2026 project; (2) an additional appropriation resolution prescribing the use of bond proceeds for the project and specifying that funds will be placed in a school corporation account for the 2026 project; (3) a resolution authorizing execution of the lease; and (4) a resolution approving the seventh supplement to the master undertaking to satisfy federal securities-law disclosure obligations to bondholders. Each resolution was moved, seconded and approved by voice vote; on at least two votes a board member said “I abstain” before the chair declared the motion carried.
Board counsel summarized that the seventh supplement to the master undertaking documents promises by the school corporation to provide certain continuing disclosures to bondholders under federal securities laws. No members of the public signed up to speak at the hearing and the board closed the hearing before resuming the regular meeting.
The board’s votes allow the district to proceed with the lease execution and the appropriation steps tied to the bond financing. The district did not provide in-meeting dollar figures for the bond issuance during the public-hearing remarks; additional financial details and next steps were discussed later in the meeting’s finance presentation.
The board returned to its regular meeting after adjourning the hearing and entered routine business and agenda items related to the coming school year.
