A public hearing was opened Monday night in order for the Culver Community School Board members to gather comments on a proposed additional appropriation in the amount of $3.2 million.
No public comment was given. An additional appropriation resolution was considered later in the meeting where it stated that the board finds that the present facilities are not adequate and need to be improved. An amount not to exceed $3.2 million in General Obligation bonds will be sold for the needed improvements which include roofing on the Middle/High School, repairs on the roof at the Elementary School, and the purchase of real estate, equipment and technology, and site improvements.
The additional appropriation resolution was unanimously approved by the board members which gives the corporation permission to spend that bond money.
The sale of the General Obligation bonds is not expected to increase the tax rate. Superintendent Karen Shuman previously explained that existing debt will be falling off which will allow the tax rate not to exceed 2019 levels.
The school board members also unanimously approved the final bond resolution that ties in with the bond sale as well as a resolution to approve the amended and restated post issuance.