Tri-Creek board authorizes resolutions to seek up to $19 million in bonds for roofs, buses, tech and facility work

At a Tri-Creek School Corporation board meeting, the board adopted three resolutions authorizing up to $19 million in general obligation bonds to fund a package of capital projects including roofs and paving, bus replacements, technology and network upgrades, decommissioning and repurposing the district's old pool area, and related maintenance and equipment purchases.

Dana, a district presenter, told the board that the district has been working from a long-term facility plan and that recent state law change means the board must authorize bond issuance by July 1 to preserve the option to issue future debt. "The public hearing today will allow our public to hear and comment on the proposed projects and the potential financing under the current law," Dana said. She added that bonding is effectively the district's only means for long-term capital improvements and that the projects could total about $19,000,000.

Luke Brueggemann, a financial advisor with Stifel, walked the board through current debt obligations, the district's debt…