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Franklin school board approves lease and bond resolutions to advance pre-K center; hearing draws no public comment
Summary
The Franklin Community School Corp board approved a lease and a package of bond-related resolutions to finance a new pre-K center, with administration and counsel saying the financing is tax-neutral and no members of the public spoke at the required hearing.
The Franklin Community School Corp board voted Wednesday to approve a lease agreement and related bond resolutions that will let a building corporation issue bonds to finance a new pre-K center and lease the facility back to the school corporation. Legal counsel Roger Young explained to the board that the building corporation will sell bonds and own the real estate, then lease it back to the school corporation to provide the construction funds.
The board opened the statutorily required lease hearing and…
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