The action came following a public hearing on the project. During the hearing, presentations regarding the need for the wind turbine were given. The proposed plans for the facility were displayed and explained by Performance Services, the entity selected by the school board after completion of the design build process. The estimated project cost and schedule were presented to the public. The financial consultant explained how wind turbine facility could be funded and the tax rate impact the project would have on the community.

After these presentations, the the school board heard testimony and questions from several members of the public.

The projected $2.5 million will be funded by a revenue bond issue with no anticipated impact on the school corporation's debt service fund. Instead, the school expects to pay lease rentals from revenues of the wind turbine project which are funds other than property taxes that are exempt from the levy limitations outlined in Indiana Code regulations. The school does not anticipate a need to levy property taxes to pay for the project. 

However, the school corporation will pledge such taxes as an alternate source of revenue to the extent that revenues of the project are insufficient.  If the primary source of revenue is not sufficient to pay for the project, the maximum potential impact on the debt service fund tax rate would be $0.083 per $100 assessed valuation, based on the certified assessed valuation for 2010 pay 2011 of $238,292,976, beginning in 2016.

The school board will hold a special session at 7 a.m., Tuesday (May 10) to adopt resolutions re-approving formation of the building corporation, receiving patrons petition and determining need for project, and approving form of lease and authorizing publication of notice of lease hearing.