The Kershaw County Board of School Trustees will take up several matters relating in various ways to the Kershaw County School District’s (KCSD) facilities equalization plan (FEP) at a combined board and finance/facilities meeting slated for noon Tuesday.
First up will be consideration of a resolution pertaining to the annual issuance of bonds connected to Installment Purchase Plan (IPP) funds from Phase 1 of the FEP. According to KCSD Director of Communications Mary Ann Byrd, the board takes up this matter each year for financing purposes.
In this case, the resolution would authorize the issuance of $12.5 million worth of general obligation bonds. While the most likely use would be to assist with financing matters, the resolution states that the money is “for the purposes of providing funds to acquire school facilities, to fund the 2014-2105 fiscal year Acquisition Payments, to fund capital projects, and to pay the costs of the issuance of the Bonds.”
The board will also consider a resolution concerning one of two bond referendums slated for the Nov. 4 general election concerning Phase 2 of the FEP. At its July 8 meeting, trustees approved a referendum and concurring resolution to place a question on the ballot for voters to consider not only allowing the district to issue up to $130 million in bonds, but also impose a 1-cent sales tax to help fund Phase 2. Tuesday, the board will consider a resolution on the second question, which asks voters to approve the Phase 2 project list.
The referenda will also be discussed during the finance/facility portion of the meeting. Byrd said the discussion will serve as an update on steps that need to be taken to form a committee to handle the referenda campaign. She and KCSD Superintendent Dr. Frank Morgan explained that the law does not allow district employees or trustees to campaign for the ballot measures.
“This will be a group of people in the community,” Morgan said Friday. “Hopefully, in a couple of weeks, we should have that worked out.”
During the finance/facility portion of the meeting, the committee will also hear a facility rental request and receive a 2014 fiscal year-end update.
Unlike most school board meetings, which take place at night, Tuesday’s meeting will begin at noon in the KCSD Board Room at the district’s headquarters, 2029 West DeKalb St., in Camden, and is open to the public.