MCCSC board adopts preliminary resolutions to permit up to $221.62 million in future borrowing for facilities

The Monroe County Community School Corporation (MCCSC) board of school trustees on a voice vote adopted two resolutions preliminarily authorizing a facilities project and related financing with maximum parameters that municipal advisers said could allow up to $221,620,000 in borrowing over the next 10 years.

The resolutions open a public process required by state law and set maximum financial terms while leaving specifics of issuance, timing and project-by-project decisions to later actions by the board and its advisers.

Board President Hennessy called the meeting to order for a determination hearing; MCCSC general counsel Mr. Bonger told trustees, “This hearing this evening is being held pursuant to Indiana code 20-26-7-37.” Superintendent Dr. Winston summarized the district’s facilities planning history and needs, saying, “Approximately 8 years ago in 02/2017, the…