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Board approves bond package and multiple resolutions to address facilities and cash flow
Summary
Elkhart Community Schools’ board unanimously approved four resolutions on Feb. 24 authorizing mortgage and reimbursement bonds (series 2026 A/B and related appropriations) to fund districtwide elementary and secondary facility projects; administrators said the package would raise the debt service rate by about one cent and support operations while consolidation savings take effect.
Elkhart Community Schools’ Board of Trustees unanimously approved a package of four resolutions on Feb. 24 that administrators said will allow the district to issue bonds to finance districtwide elementary and secondary facility projects and to reimburse prior facility improvements.
Missus Ross, the district finance presenter, told the board the first resolution would confirm an amendment to a lease and authorize the issuance of 2026 A and B mortgage bonds, each described in the presentation as up to $6,865,000, to finance elementary and secondary facility…
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