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Fort Mill board approves Hall of Fame inductees and two bond resolutions totaling up to $10.45 million
Summary
The Fort Mill School District board approved five Hall of Fame inductees and moved to issue two bond resolutions: not to exceed $4.45 million for maintenance/transportation projects and not to exceed $6 million for IPRB payments and equipment acquisition. Both motions passed on voice votes; staff said the $4.45M issue would be marketed in April and the $6M issue in August.
The Fort Mill School District board approved a slate of five 2024 Hall of Fame inductees and voted to move forward on two bond resolutions presented by district finance staff.
Board members unanimously approved the five Hall of Fame inductees—Doug Chapman, Ira Belle Love, Margaret Lundy, Keebler Mills Junior and Cherry Young—after a motion and second during the consent/action portion of the agenda.
Finance staff (identified in the meeting as Miss Branning) presented two bond resolutions:
• A resolution not to exceed $4,450,000 for maintenance and transportation projects that the staff said covers approximately $4.3 million in projects plus issuance costs. Staff said the district plans to issue these bonds around April 16 with closing in May and expects the borrowing term to be roughly three to five years.
• A resolution not to exceed $6,000,000 to cover annual payments on the installment purchase revenue bond (IPRB) and an equipment acquisition payment related to prior HVAC and construction projects. Staff said this issue is required annually and would be issued around August; they also noted a previously approved $22.4 million authorization for three high school projects that the district plans to push into a later debt issuance window to save interest costs.
Board members moved, seconded and voted to approve both bond resolutions on voice votes; the transcript records a motion and voice approval for each resolution and the chair declared the motions carried. Staff explained that certain projects (for example, additional buses and a building upfit to create training/support space) were among items on the maintenance list and that bus lead times require early ordering. The transcript does not record roll‑call tallies by named trustees for these motions.
Next steps: staff will return with final financing documents to authorize actual issuance; the transcript documents the board’s approval of the resolutions but not the later legal documents or final sale terms.
