Bremen Public Schools is a step closer to issuing about $4 million in bonds for its upcoming renovation project. To do that, Superintendent Dr. Jim White says the school corporation is amending its existing lease with the building corporation. It’s a legally-separate entity that actually owns the building and borrows the money on behalf of the school corporation. “We had an existing loan out that falls off in 2022,” he explains, “so it was just as easy to amend that lease with the existing building corporation than to try to form something different.”
