The Knox School Board will continue making preparations tonight for the corporation’s $5 million facility improvement project.
To pay for the work, school officials plan to issue bonds through the Knox Middle School Building Corporation. It’s a legally-separate entity that technically owns the building and then leases it to the school corporation. The rental fee is then used to make the bond payments.
To raise the necessary funds, board members will consider an amendment to the lease that will extend it through 2027. Members of the public will have a chance to weigh in on the proposed lease amendment tonight, before the school board decides whether to adopt a set of three related resolutions. The bond issue will then be considered by the Knox Middle School Building Corporation Committee.
In other business tonight, the Knox School Board will discuss plans for an alternative school, the sale of student laptops, and the 2019 graduation date. Tonight’s Knox School Board meeting starts at 6:30 p.m. at the Knox Schools Administrative Office, followed by the Knox Middle School Building Corporation Committee meeting.
