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District outlines project costs, bond options and construction progress for planned CTE, transportation and school projects
Summary
Administrators presented cost estimates and financing options for an $86.3 million package of projects including a CTE/alternative facility and transportation center, showed level vs. deferred debt scenarios, and reported bids and approvals for multiple construction purchases and the Huntertown electrical contract.
District leaders presented a set of capital project plans and financing options and sought direction on how to structure borrowing without exceeding the statutory debt-service limit that would force voter approval.
Business officer Mr. Basham and operations director Dr. Bidding discussed a preliminary total project estimate of about $86.3 million that would include a CTE/alternative school facility, a transportation center and other smaller capital projects; staff said $11 million of that total could be used to address other district capital needs and to offset some operations pressures.
Staff presented two broad debt-structure scenarios. A level-bond repayment would require a higher…
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