Posted on June 29, 2017
Author Michael Gallenberger, WKVI
The North Judson-San Pierre School Corporation is moving ahead with a $5.5 million renovation project.
To pay for the upgrades, the corporation will be issuing bonds. As part of that process, the school board met in special session Tuesday to approve several resolutions, as required by law. “Basically, what we have adopted is the resolution to enter into a project that’s over a million dollars,” explains Superintendent Annette Zupin. “We have entered into a lease agreement for the $5.6 million over the seven-year period, and then also a resolution to reimburse for expenditures.”
That reimbursement resolution would allow the corporation to address some of the items on the project list before the bonds are issued, should an emergency arise. The corporation would then be reimbursed once the bonds are sold.
The bulk of the work would take place at the high school building. It would get new carpeting, LED lighting, and roof repairs.
Zupin says no comments were offered during a public hearing Tuesday, but the project architect, financial adviser, and bond counsel were on hand to review the project. Zupin stresses the the work will not affect property tax rates, as it can be done within the corporation’s existing debt service.
For now, residents have 30 days to file a petition objecting to the plan. After that, Zupin says the corporation can begin working on the financial documents.
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