The Hudsonville Public School District board approved three formal items during the meeting: a ratifying resolution to complete a previously authorized bond refunding and new-money bond package, a bid award for upgrades to the Early Childhood Center (ECC) playground and a summer-tax resolution that affirms the district s practice of splitting tax collection timing.
Pat Briggs presented the bond-ratifying resolution as the closing step for two bonds the board authorized on Dec. 12, 2024. Briggs said the resolution established parameters including a maximum total interest cost of 6% and a required minimum savings of 2%. He reported the combined true interest cost was 3.5%, the combined savings were 7.6%, and net present-value savings were just under $1.4 million (approximately $1.9 million in nominal dollars). Briggs said the scheduled closing date is Oct. 15 and recommended the board approve the ratifying resolution.
The board moved and approved the ratifying resolution as presented by Briggs. (The motion was made and seconded on the record.)
The board also reviewed a recommendation for ECC playground upgrades presented by Patrick Craig; the recommendation had been reviewed at the work session and required no changes. The board moved to approve the bid recommendation and recorded the motion and second.
Finally, Briggs explained the district s summer-tax practice a procedure the district has used since 2013 14that spreads tax collection timing so operating taxes are largely received by early October. He said carrying that practice into the next tax year positions the district better for cash-flow risks. The board moved, seconded and adopted the summer-tax resolution for taxes to be collected in 2026.
Votes: Each of the three listed items was moved, seconded and adopted by voice vote; the transcript records "All those in favor? Aye," with no roll-call tally included in the public record of the meeting.