Franklin County Community School Corporation board meeting, date not confirmed yet
1 h 14 min · 2 public speakers
This board doesn’t post agenda times. Click a board member to jump to where they first speak; we list only members whose voice our check named. Video length 1 h 14 min.
- Who spoke · first speaks at
- Kevin KaiserBoard member
- Beth FosterBoard member
What happened
What happened at this meeting
Franklin County board adopts resolutions for bond project of up to $80 million 6:04
- The board held a hearing on a proposed project, and the superintendent said independent assessments identified approximately $25 million in restoration needs across the 3 elementary schools. 0:49
- A presenter from the district's underwriter said the project could not exceed $80 million and that the goal was to keep the debt service levy just under $5.7 million. 5:49
- The board approved the preliminary determination resolution and the reimbursement resolution, each by a 7-0 vote. 25:15
- On a motion by Kevin Kaiser, the board voted 5-2 to authorize soliciting competitive proposals for the corporation's insurance coverage. 1:02:37
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Item by item (15)
- Hearing opening and roll call 0:21
- Purpose of hearing and project need 1:47
- A staff member said that under Indiana Code 20-26-7-37 the hearings and resolutions are the beginning of the legal process and establish the maximum financial terms for the proposed project. 1:47
- The superintendent said assessments concluded the 3 elementary schools are structurally viable for at least the next decade provided restorative improvements are completed. 2:20
- The superintendent listed needs including HVAC replacement, roofing, plumbing, electrical work, classroom renovations and secure classroom door hardware. 3:27
- Project financing presentation 5:49
- The presenter said the plan is levy neutral, while the tax rate will depend on future net assessed value. 6:04
- The underwriter's presenter said the project is capped at $80 million, with $1,250,000 listed for capitalized interest and cost of issuance, leaving $78,750,000 for project costs. 8:40
- The presenter said the maximum interest rate is listed at 6% with a maximum term of 20 years, for an estimated interest cost of $45,007,083. 8:42
- Public comment on the proposed project 11:05
- A speaker at public comment asked the board to publicly announce a timeline and more specific information about the projects. 11:48
- Another speaker at public comment questioned the assumption that the tax rate would stay the same and asked how falling assessed values or enrollment would affect repayment. 12:41
- The underwriter's presenter said certified net assessed values for 2027 are down 1.98% for the school corporation and that there is zero expectation of the levy going above about $5.6 million to $5.7 million. 15:51
- Project resolution 20:31
- A staff member said the project resolution contains estimated construction costs and the cost of issuance and establishes the total project cost. 20:58
- Kevin Kaiser made the motion to adopt the resolution and asked whether there was a penalty if the district did not use it. 21:26
- One board member said the money may not be available to the district if it is not grandfathered now. 22:30
- The board adopted the project resolution 7-0. 24:14
- Preliminary determination and reimbursement resolutions 23:59
- A staff member said the preliminary determination resolution contains total project costs, maximum annual payment, lease term and estimated tax impact. 24:27
- Kevin Kaiser made the motion to approve the preliminary determination resolution. 25:00
- A staff member said the reimbursement resolution lets the school corporation reimburse itself from bond proceeds for cash spent on the project before the bonds close. 25:27
- The board approved the preliminary determination resolution 7-0 and the reimbursement resolution 7-0. 25:15
- Regular meeting opening and celebrations 25:58
- Public comment on property purchase 27:37
- A speaker at public comment asked to hear the safety concerns behind a property purchase, suggested a sidewalk and said a sign at the site could create a safety concern for drivers. 28:10
- The board president said a busy business at the site would be dangerous where students and families pull in and out twice a day. 29:44
- One board member said signs are there for a reason and that a sidewalk would be a great thing down the road if it could be done. 31:40
- Consent agenda and new hires 33:34
- Extracurricular personnel 35:34
- One board member said reviews should be brought to the board with recommendations for extensions and noted that volleyball had already started before approval. 38:48
- A staff member said there could be some correction to the timeline and that the staff member would work with ADs on the head coach position. 39:54
- One board member said varsity coaches should be approved first, before their assistants. 40:30
- The board approved the extracurricular personnel 7-0. 41:54
- Grants and donations 41:41
- A staff member presented a $500 donation for building materials for the FCHS courtyard stage, another $500 donation for courtyard items and a $1,000 grant for dry erase tabletops for a math classroom. 42:02
- A staff member described the courtyard as a previously unused space now fitted with seating areas, a walking path and a stage under construction. 43:29
- The board accepted the grants and donations 7-0. 45:13
- Financial reports and budget advertising 45:11
- A staff member said the August and September financial reports would both be brought to the board in September. 45:57
- A staff member requested approval to advertise the capital project plan and bus replacement plan notices and to publish related plans on the corporation website. 46:40
- The board approved the recommendation to advertise the 2027 budget 7-0. 47:29
- Certified handbook and bus route transfer 47:25
- A staff member said the certified handbook contains no new information and places board-approved information in a central location for staff. 47:58
- A staff member presented a request to transfer a bus Route 8 contract, effective 9/11/26. 49:24
- The board approved the 2026-2027 certified handbook 7-0. 49:17
- Insurance coverage proposals 50:46
- Kevin Kaiser moved to authorize the administration to begin soliciting competitive proposals for insurance coverage before bargaining begins, citing Indiana Public Access Counselor Opinion 13-FC-320 on deviating from the agenda. 50:46
- A staff member said it was not the staff member's proposal but that the staff member would follow the board's direction and asked to work with vendors without board involvement in vendor selection. 52:22
- A staff member said staff representatives would be in the room when proposals are scored. 1:00:47
- The motion passed 5-2. 1:02:37
- Reports, requests and adjournment 1:02:33
- Beth Foster said library construction would start probably next month. 1:05:16
- Kevin Kaiser said a celebration of a $14 million grant was attended and asked that legislative updates be moved up to the committee reports. 1:07:29
- The meeting adjourned at 7:14 PM, with the next regular meeting set for 6 PM Monday, September 14th, 2026. 1:13:23
Written by software from the meeting's transcript and checked sentence by sentence against it.
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