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Tri-Creek School Corporation holds public hearing on proposed facility projects and potential $19 million bond authorization

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Summary

Tri-Creek School Corporation leaders presented a list of proposed 2025 facility projects and discussed potential financing that could authorize up to $19 million in general-obligation bonds, officials said at a public hearing. No resolutions were adopted at the meeting; the board will consider formal parameter resolutions at a subsequent meeting.

Tri-Creek School Corporation leaders presented a list of proposed 2025 facility projects and discussed potential financing that could authorize up to $19 million in general-obligation bonds, officials said at a public hearing. No resolutions were adopted at the meeting; the board will consider formal parameter resolutions at a subsequent meeting.

The presentation outlined why the district is advancing the facility plan now and what would be included in the proposed issuance. "This is just the first step in the legal process and no resolutions are being passed tonight," said Luke Grama, a bond underwriter with Stifel. A district staff member who led the facilities overview said the hearing is intended to inform the public about the proposed projects and the financing options available under current law.

District officials said the facility plan groups short- and long-term needs scheduled over roughly 15–20 years and was initially based on a Skillman study. The list of proposed work includes roof replacements at multiple buildings (many original to 1995, staff said), pavement repairs including parent drop-off and secondary lots at three sites, bus replacements and transportation equipment, device and network replacements, security cameras and door access upgrades, maintenance and custodial equipment replacement, decommissioning and repurposing the district's old pool into a flexible PE/gymnastics space, and consolidating the maintenance warehouse with the transportation center to improve operational efficiency.

A district staff member said…

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