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Greenfield-Central Com Schools board approves preliminary bond package to fund $19 million in repairs and projects
Summary
At a preliminary determination hearing the Greenfield-Central Com Schools board approved resolutions authorizing up to $19,050,000 in bonds to pay for building repairs, a McLaren Road extension and a new tennis complex; the board approved four linked resolutions by voice vote.
At a preliminary determination hearing, the Greenfield-Central Com Schools board approved a package of resolutions authorizing the school corporation to issue bonds with a par amount of $19,050,000 to fund building repairs, a road extension and athletic upgrades.
The package includes a project resolution (establishing estimated hard and soft costs and tax impacts), a preliminary determination resolution (setting total project cost and maximum annual payment), a preliminary bond resolution (establishing maximum interest rates and maturity dates) and a reimbursement resolution to preserve the district’s ability to reimburse…
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