Franklin County school board adopts preliminary bond, reimbursement and determination resolutions for $4.2 million project

The Franklin County Community School Corporation on Monday held a second preliminary determination hearing and unanimously adopted three resolutions that authorize the corporation to pursue up to $4,200,000 in bonds to finance prioritized facility repairs and bus purchases.

At the start of the hearing, a staff member, Mr. Gehring, explained the legal framework for the meeting: "Pursuant to Indiana code 20 dash 26 dash 7 dash 37, Before a corporation may spend more than a million to build, repair, or alter a school building that will be financed by a lease or bonds, it must hold a public hearing at with at which explanations of the potential value of the project to the school corporation and community are given. Similarly, pursuant to Indiana code 6 dash 1.12 dash 3.1, a school corporation must hold 2 public hearings and adopt a resolution to preliminarily determine to issue bonds or enter a lease for a project, which has a total project cost in excess of a non controlled project."

The board heard a presentation from administration staff about the project scope, which the administration described as two principal elements: bus purchases for replacement and operations, and a set of prioritized repair and…