A few building projects are in the works at the Triton School Corporation. The heating and cooling system at the elementary school needs replaced and the corporation is looking to build a high school gymnasium and replace the roof at the high school.
In an effort to move forward with those projects, the Triton School Board held a public hearing during the Triton School Board meeting. There were no public comments during the bond project hearing.
The board went on to adopt a resolution to authorize the execution of the lease. Superintendent Donna Burroughs explained that the collaborative agreement had to be signed by the building corporation as well as board members.
“Both our building corporation and the school board had to sign the agreement that the board will be leasing this from the building corporation over the next twenty-something years until it’s paid off.” Burroughs said, “It’s just the way the state of Indiana does financing of larger projects.”
The board members adopted a resolution related to the undertaking and issuance of bonds. Burroughs went onto say the next step will be the post-issuance procedures that will be addressed during their October school board meeting.
