Board approves short bond for high‑school ventilation and adopts revised long‑term facility plan

The Princeton Public School District board approved revisions to its long‑term facility maintenance (LTFM) budget and passed a short three‑year bond resolution to fund a high‑school ventilation project.

Michelle (speaker 4) reviewed revisions to Fund 1—updates include intermediate‑school flooring, sidewalk repairs, pool‑chemical room HRV work moved into the 2024‑25 budget and a $200,000 allocation to cover initial “soft costs” (planning, engineering) for the ventilation project; Michelle said the district will cash‑flow those costs and expects reimbursement. She described ongoing projects (roof work, tuckpointing, HVAC controls) and noted the district’s E‑Rate fiber application denial and planned resubmission.

The board moved to accept the revised 2024–25 LTFM budget and approved it by voice vote. Michelle then presented a resolution to issue a three‑year bond of approximately $1,000,003 (to cover project costs, soft costs and issuance fees). She said the amortized cost with interest would total roughly $1.5 million over the three‑year term; the board conducted a roll‑call vote and members present voted yes, approving the resolution.

Michelle also walked the board through the state‑required 10‑year facility plan, explaining how bond proceeds, levy and state aid interplay across the multiyear schedule of projects; she noted the district expects to stagger bond cycles every three to four years to fund larger capital needs such as roofs.

The actions were procedural and funding‑focused; the board did not discuss project contract awards at this meeting. Administration said additional project details and timelines will be provided as the ventilation design and bidding progress.