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Greater Clark board approves bond resolutions after contested public hearing on Charlestown expansion
Summary
After a public hearing with speakers both opposing and supporting the plan, the Greater Clark County School Board approved five resolutions authorizing parameters for up to $50 million in building-corporation bonds to fund projects including classroom additions at Charlestown High School.
The Greater Clark County School Board of Trustees on May 27 approved five resolutions that set the parameters for a building‑corporation bond issue of up to $50 million to finance facility projects, including classroom additions at Charlestown High School.
The action followed a required public hearing and preliminary‑determination presentations that explained the financing structure under Indiana law and drew a mix of residents who urged both caution and urgency. The board voted to approve all five resolutions together after presentations by district staff and legal and financial advisers.
The hearing covered four procedural elements required by statute: the so‑called “10‑28” project definition (referenced in the meeting as House Bill 1028), a preliminary determination of the financing parameters, authorization to execute an amendment to a lease that ties school lease payments to bond debt service, and authorization for the Greater Clark Building Corporation to issue tax‑exempt bonds. Bond counsel…
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