The Culver Community School Board members discussed a General Obligation Bond when they met Monday, August 5.
Superintendent Karen Shuman previously said conversations have been held with Baker Tilly and Ice Miller officials about a General Obligation Bond. She said there is a capacity of $3.3 million that the corporation could bond where it would not raise taxes. She explained that about $500,000 needs to be cut from the Operations Fund which would cut Capital Projects. A General Obligation Bond would allow the corporation to do several projects already proposed in the published, advertised and approved Capital Projects Plan. The Plan is typically approved along with the budget process.
Some of the proposed projects in the current plan include resurfacing the track, and a football press box and bleachers. The softball press box and lights project would be included, along with putting lights on the baseball field, an ADA entrance to the Culver Elementary School stage, a new entrance to Door U at the Elementary School, and a redesign of the Culver Elementary School cafeteria and kitchen to improve flow and accommodate growth.
Shuman said a public hearing to gather comments on the proposed bond will be held Monday, August 19 during the board’s regular meeting. If favorable, the bond process is expected to take place yet this year.
