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Notice relating to general obligation alternative and capital facilities bonds


Fri, May 30th, 2014
Posted in All Legals

Notice relating to general obligation alternative and capital facilities bonds of independent school district no. 2198 (Fillmore Central), Minnesota.

NOTICE IS HEREBY GIVEN that Independent School District No. 2198 (Fillmore Central), Minnesota (the “District”) intends to issue its General Obligation Alternative and Capital Facilities Bonds, Series 2014A (the Bonds) in July 2014. The Bonds are comprised of approximately: (i) $3,555,000 in principal amount issued pursuant to Minnesota Statutes, Section 123B.59 (the Alternative Facilities Portion); and (ii) $1,105,000 in principal amount issued pursuant to Minnesota Statutes, Section 123B.62 (the Capital Facilities Portion). The proceeds of the Alternative Facilities Portion will be used to finance projects relating to the improvement of indoor air quality, asbestos removal and fire safety at District schools, as described in the District’s Facility Plan. The proceeds of the Capital Facilities Portion will be used to finance the costs of parking improvements, restroom improvements, windows and renovation of existing lab space, as more fully described in the list of proposed projects submitted to the Commissioner of Education of the State of Minnesota. A copy of the District’s Facility Plan and the list of proposed projects are on file with the District and available for public inspection at the District offices during regular business hours. The total amount of outstanding indebtedness of the District as of April 1, 2014 is $3,820,000.

Any interested person may submit to the District written comments relating to the Bonds, the Alternative Facilities Portion projects and the Capital Facilities Portion capital improvements.

BY ORDER OF THE SCHOOL BOARD

OF INDEPENDENT SCHOOL DISTRICT

NO. 2198 (FILLMORE CENTRAL), MINNESOTA

Publish 2, 9

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