Scott County School District 2 approves preliminary resolutions for up to $1.8 million bond to fund buses, repairs and equipment

Scott County School District 2 trustees held a second preliminary determination hearing and unanimously adopted a set of resolutions authorizing the district to seek up to $1.8 million in general-obligation bonds to fund bus replacements, facility repairs, safety equipment and technology.

The resolutions — a project resolution, a preliminary determination resolution, a preliminary bond resolution and a reimbursement resolution — establish maximum financial parameters for the proposed projects and permit the district to proceed with the legal steps necessary to sell bonds, trustees said at the hearing. All motions carried on voice votes recorded as 5-0.

The district presented an itemized plan the board said will guide spending if bonds are sold. The list included an electrical project at Vienna Finley, new emergency radios, kitchen repairs across multiple sites, replacement of a clock system at Lexington, phased bus replacements, staff device payoff and a mulching project at Johnson Elementary. The district estimated the combined project cost at about $1,576,905 and set a maximum borrowing amount of $1,800,000 to allow contingencies and soft costs.

"Maximum project amount is $1,800,000," the district's municipal adviser said, describing the bond parameters…