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Lebanon board approves financing steps for $87.7 million campus master plan
Summary
After a required public hearing, the Lebanon Community School Corp board approved three resolutions clearing the way for a multi-year 2026 campus master plan, including a maximum par bond authorization of $87,695,000 and related reimbursement and preliminary-determination actions.
After a second required public hearing, the Lebanon Community School Corporation board voted to advance a multi-year campus master plan and to authorize steps toward issuing bonds to pay for the work.
The board approved three related resolutions by voice vote: a project resolution stating the board believes the plan is in the district’s best interest, a preliminary-determination resolution declaring the project a necessity, and a declaration of intent to reimburse pre-issuance costs from future bond proceeds. Chair Klauser called for the motions and each passed with the board responding “Aye.”
The district described a broad package of facilities work spanning the…
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