Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Board adopts $25.745M bond appropriation and approves $21.08M guaranteed maximum price for Harrison project
Summary
The Tippecanoe School Corp. board adopted resolutions to borrow $25,745,000 in general obligation bond proceeds, approved curricular material fees for GLCA under Indiana Code, signed a cooperative purchasing agreement for food procurement and approved a $21,082,935 guaranteed maximum price for the Harrison High School cafeteria and athletic renovation.
The Tippecanoe School Corp. board took several finance and capital actions, adopting resolutions to authorize additional appropriation of general obligation bond proceeds and approving a guaranteed maximum price for a Harrison High School project.
Finance staff opened a public hearing on additional appropriations tied to proposed general obligation bond proceeds, stating "The total amount to be borrowed is $25,745,000." The chair opened the hearing, no public comments were offered and the hearing was closed. The board then adopted an additional appropriation resolution to authorize spending bond proceeds and a final bond resolution specifying the maximum amount to be borrowed, maximum repayment term and maximum interest rate; both resolutions were approved by voice vote.
Staff also presented routine financial items including an accounts payable register totaling $26,300,000 and a monthly summary of fund balances, revenue and expenditures. The board approved participation in the Click cooperative purchasing consortium to seek better value on food purchases.
The board approved curricular material fees for the GLCA for the 2026–27 school year; staff noted these fees are allowable under Indiana Code. Finally, the board approved a guaranteed maximum price of $21,082,935 for the Harrison cafeteria expansion and athletic renovation project after a staff recommendation and a voice vote.
All finance and capital motions were approved by voice vote; no detailed roll-call vote tallies were recorded in the transcript.
