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LATEST NEWS

  • At their meeting July 15, the Milford Board of Education passed a resolution to proceed with the bond issue.

    • The bond Issue will be on the November 2, 2021 ballot. It is for a total of $55,900,000 for the purpose of new construction, improvements, renovations, and additions to school facilities, and providing equipment, furnishings, and site development and improvements for a new middle school. 

    • The bond issue is for 2.47 mills, for 30 years. The owner of a home with an appraised value of $100,000 would pay an additional $86.45 in taxes to pay for the bond issue.

    • The district will receive $11,559,512 in co-funding from the Ohio Facilities Construction Committee to pay for a portion of the project. 

SUMMER TIMELINE

In order to begin the process of placing a bond issue on the ballot for November, in June and July the Board of Education needed to vote on a number of procedural resolutions.

  • June 16, 2021 - 6 to 8 p.m. - The Board of Education hosted a Work Session to discuss the potential bond issue. The public was encouraged to attend this Q&A session with the Board members. The meeting was broadcast live on ICRC and a recording is available to view online: Link to view.

  • June 17, 2021 - Regularly scheduled Board of Education meeting at 6:00 p.m. The Board Members discussed the potential bond issue further. The meeting was broadcast live on ICRC and a recording is available to view: View Video. At this meeting the Board approved four resolutions: 

    • Resolution for Ballot Consent - The Board must pass this resolution now and send it to the Ohio Department of Education and the Ohio Department of Taxation to request approval to issue bonds in the principal amount not to exceed $59,000,000.

    • Resolution Designating Underwriter - The bond underwriter takes the bonds to market. The Board designated RBC Capital Markets, LLC - the same firm who handled the previous bonds to build the elementary schools.

    • Resolution Retaining Bond Counsel - The Board designated Dinsmore & Shohl, LLP, as bond counsel, the same firm who handled the previous bonds to build the elementary schools.

    • Resolution Designating Municipal Advisor - Municipal Advisors work on the behalf of the district, along with the underwriters, to find the district the best interest rate. The District designated Bradley Payne Advisors, LLC, as municipal advisor. 
  • Ask Me Anything (AMA) with John Spieser - Wednesday, June 23 from noon to 2 p.m. - this event was hosted by the Milford Neighborhood Facebook Group - During the two hour event, Mr. Spiser answered questions that were asked in the comments of the Group's post. You must be a member of the Facebook Group to view the thread. The questions asked were moved to our FAQ page, too.

  • June 24, 2021 - Noon - Facebook Live with the Superintendent - the Community is welcome to submit questions prior to the Live event or ask questions during the live event. A recording of the event can be viewed here. The questions asked were moved to our FAQ page, too.

  • July 8, 2021 - The OFCC met for consideration of the Determination of Conditional Approval. OFCC approved $11,559,512 in co-funding for this project.

  • July 8, 2021 - The Milford Board of Education met in special session to further discuss the potential bond issue and consider approving procedural resolutions pertaining to information about the bond issue. The Board determined the exact dollar amount and length of the bond issue.

  • July 15 - Regularly scheduled Board of Education meeting was held at 6:00 p.m. The meeting was broadcast live on ICRC. At the meeting the Board approved the resolution to proceed with the bond issue.

PRESENTATIONS