# School Town of Munster - Board of Directors Special Meeting 10/27/26

The School Town of Munster Building Corporation special meeting on October 27, 2026, focused on the corporation’s role in financing school construction and renovation projects. Bond counsel explained the lease-backed bond process, the board’s limited governance and document-signing responsibilities, and the school corporation’s role in approving construction bids and purchasing equipment. Members discussed a recently preliminarily approved 15-year project financing that cleared the 30-day petition period, including a planned $31 million multipurpose building. Counsel said additional bond issues totaling approximately $60 million may be considered in 2027 and potentially issued in multiple series; no construction contract, bid, or bond issuance was awarded or approved at this meeting.

The board unanimously approved a slate of officers and signed meeting and governance documents. Discussion also covered existing debt schedules, inflation assumptions in project estimates, fixed interest rates after bonds are issued, and insurance coverage for the building corporation and its directors. No spending or procurement motion was recorded.

**Jurisdictions:** sled
**Industries:** Construction & Infrastructure
**Topics:** Physical Infrastructure
**Published:** October 27, 2026

### Sources
- [School Town of Munster - Board of Directors Special Meeting 10/27/26](https://www.youtube.com/watch?v=0UkScyvqi1Q) - MunsterTechTeam