Carmel Clay Schools Board meeting recap

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Compiled by James Feichtner

Event: Carmel Clay Schools hosted a board meeting on March 16, 7 p.m. at the Educational Services Center.

What happened: Carmel High School student Wesley Middleton was honored in front of the board for being selected to participate in College Board’s AP Capstone diploma program that engages students “in rigorous scholarly practice of the core academic skills necessary for successful college completion,” according to the College Board website.

 

What happened: The board discussed the sale of $12,080,000 of general obligation bonds, which would be paid over the course of four years.

What this means: The sale would support funding for facilities and technology as well as manage the debt service tax rate over the course of a decade. Several hearings will be held April 27 allowing the public to comment on the action.

What’s next: The recommendation was approved by the board allowing the sale to move onto its next steps of completion.

 

What happened: A recommendation to refinance the first mortgage bonds of series 2007 was approved.

What this means: The refinancing is estimated to save approximately $3.8 to $3.9 million in interest. The resolution is part of a way to manage the debt service tax rate over the next decade. The recommendation comes from previous success of the refinancing of series 2004 mortgage bonds, which saved approximately $1.7 million.

What’s next: The board approved the recommendation unanimously.

 

What happened: A common wage committee was recommended to be formed to determine what the common wage for projects over $350,000 would be.

What this means: This comes from the Indiana law that requires any contractor working on construction projects exceeding that amount must be paid wage equal to the average construction wage being paid in the county. The school board must set up a committee of five members.

What’s next: The school board recommends naming CCS associate superintendent Roger McMichael as the representative of industry and Rob Farrand as representative for the taxpayer residing in the county. The motion was approved unanimously.

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