Plainfield board holds required hearing, approves three resolutions to advance 2026 bond sale

The Plainfield Community School Corporation board on Feb. 12 held the second of two preliminary determination hearings required under state law on a proposed 2026 general-obligation bond and approved three resolutions to move the project forward.

At the hearing, district finance staff explained the legal and financial steps the district must take before a bond sale. The board suspended its regular meeting to hear the presentation and public comment; no members of the public offered comments during the hearing. District staff said a bond sale is likely in April or May, subject to market and procedural steps.

District staff described three separate but related resolutions the board approved: a project resolution establishing the projects to be funded and certain financial parameters; a preliminary determination resolution documenting that the required hearings were held; and a reimbursement resolution that allows the district to make initial project expenditures and later reimburse those costs from bond proceeds.

The board approved each resolution by voice vote with no opposition recorded. District staff said the measures are procedural steps required before the district can formally sell bonds and collect proceeds.

What happens next: staff described the district's expectation of a bond sale in the April–May timeframe and said legal and financial advisors will continue to prepare final documents, disclosures and any public notices required before pricing and sale. The board did not take further action beyond approving the three resolutions at the Feb. 12 meeting.