MSDLT Board of Education: Board Work Session 2/24/2025

MSD Lawrence Township Board of Education · February 24, 2025

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Public hearing: proposed lease amendment, bonds and projects introduced

Presentation

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Bond counsel Jeff Quackenbush (Barnes & Thornburg) summarized the financing plan for the '25–'27 elementary school expansion and guaranteed energy‑savings projects, saying the district will issue roughly $65,000,000 in bonds with a repayment term not to exceed 20 years and that the district expects no increase to the debt service fund tax rate under current assessed‑value assumptions. He said bids will determine the final issue size and that this hearing is the final public hearing before publishing a notice of execution of the lease.

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The Lawrence Township school board approved a first-amendment lease and bond package to fund a roughly $65,000,000 elementary-school expansion and guaranteed energy-savings projects, adopted Neola policy revisions, approved several routine items, and recognized staff and student achievements.

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Transcript

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