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Starmont board backs $6.5 million bond plan, renews instructional support levy participation
Summary
The Starmont Community School District Board voted Aug. 11 to continue participation in Iowa's Instructional Support Program for five years and approved a resolution supporting issuance of approximately $6.5 million in sales-tax revenue bonds to fund HVAC and other infrastructure improvements.
STARMONT — The Starmont Community School District Board voted Aug. 11 to continue participating in Iowa's Instructional Support Program for five years and to support issuing roughly $6.5 million in school infrastructure revenue bonds to fund HVAC and other building improvements.
On a motion by Doug Puffett, the board approved a resolution to continue participation in the Instructional Support Program as provided in Iowa Code sections 257.18 through 257.21 for a five-year period beginning with the fiscal year ending June 30, 2027. The motion passed by roll-call vote: Jacob Moellers, Julie Uhlenkamp, Tony Recker and Doug Puffett voted aye; there were no nays.
The board also voted to support a proposal to issue approximately $6,500,000 in School Infrastructure Sales, Services and Use Tax Revenue Bonds under Iowa Code sections 423F.2 and 423F.4. The bonds, which may be issued in one or more series over multiple fiscal years, are intended to provide funding for heating, ventilation and air conditioning; mechanical, electrical and plumbing improvements to the district's education facility; and related issuance costs and any required debt service reserve. The motion by Tony Recker, seconded by Jacob Moellers, passed on a 4-0 roll-call vote.
Superintendent Robert Busch told the board during his report that a petition related to the HVAC project is being circulated; the petition was not quoted in the meeting record and no public comments on the hearings are recorded in the transcript. Board members framed the decisions as steps to secure funding options for planned infrastructure work.
The board opened public hearings on both the Instructional Support Levy and the proposed bond issuance; the transcript records that the hearings were opened for public comment but does not include any public testimony. The bond resolution approved by the board is a statement of support to proceed with the issuance process; the specific timing, series structure, interest rates and final terms will depend on subsequent market conditions and financing decisions.
The meeting adjourned at 7:28 p.m. and the board will continue routine business and required procedures as financing details are finalized.
