Wabash board opens required hearings and approves bond-, lease-related resolutions ahead of mid-November sale

The Wabash City School Board opened required public hearings and, following brief public comment, approved a package of bond- and lease-related actions on Oct. 21 as it prepares for a mid-November bond sale.

Board Chair (speaker 1) read that the forthcoming items were required for the bond sale, opened a public hearing on a proposed lease agreement and invited comments; none were recorded. The board then closed the hearing and resumed regular business.

After opening and later closing a second hearing on the proposed additional appropriation for bond proceeds, the board moved, seconded and adopted an additional appropriation resolution to authorize bond proceeds spending. The board also voted to adopt a resolution authorizing execution of the lease, re-approved the Building Corporation, authorized assignment of construction bids to the Building Corporation once received, and approved a second supplement to the district’s master continuing disclosure undertaking. All motions passed on voice votes; the transcript records no roll-call tallies.

Chair described these actions as standard steps tied to the pending bond sale and the district’s upcoming project. The board indicated the bond sale and related paperwork position the district to move to procurement and construction steps once bids are received.

The board did not record numerical vote tallies in the transcript; each motion was approved by unanimous voice vote as indicated by the Chair. The board noted the sale will take place in mid-November and that several procedural documents (lease authorization; disclosure supplement) are necessary to finalize the financing and allow construction procurement to proceed.

Next steps: the district will receive bids for construction and assign them to the Building Corporation per the approved resolution; the disclosure supplement will be filed as required in connection with the bond issuance.