Sections

Weather Forecast

Close

IND. SCHOOL DISTRICT NO. 833 INTENT RESOLUTION BONDS

Wednesday, November 23, 2011 - 12:00am

NOTICE OF INTENT TO ISSUE GENERAL OBLIGATION ALTERNATIVE FACILITIES BONDS

INDEPENDENT SCHOOL DISTRICT NO. 833 (SOUTH WASHINGTON COUNTY SCHOOLS)

STATE OF MINNESOTA

NOTICE IS HEREBY GIVEN that the School Board of Independent School District No. 833 (South Washington County Schools), State of Minnesota (the "District"), adopted a resolution (the "Resolution") on November 17, 2011, stating the intention of the School Board to issue the District's general obligation alternative facilities bonds (the "Bonds") in the total aggregate principal amount of not to exceed $6,150,000 pursuant to Minnesota Statutes, Section 123B.59 and Chapter 475, as amended. The proceeds of these Bonds will be used to fund a portion of the costs of the following projects at various District facilities, as included in the District's approved ten-year facility plan, and related financing costs:

Districtwide deferred maintenance projects at various District facilities, including repair of energy management systems; various painting projects; plumbing repairs; replacement of lockers, metal halide gym lighting fixtures, heat pumps, chiller compressors, fire damper motors, fire alarm systems, water softeners, kitchen exhaust hoods, HVAC systems, water heaters, radiant heaters, carpeting, gym partition walls, partition doors, and door operators; bituminous repair; pool regrouting; installation of security doors; refinishing of wood floors; tuck pointing; concrete replacement; repair of underground sprinklers; repair and replace bathrooms; roof replacements; and other miscellaneous deferred maintenance projects.

The total amount of District indebtedness as of December 1, 2011 is $276,175,000. If the proposed Bonds were issued after that date, the total indebtedness of the District would be $282,325,000.

Dated: November 17, 2011

BY ORDER OF THE SCHOOL BOARD

/s/__________________

School District Clerk

Independent School District No. 833

(South Washington County Schools)

Cottage Grove, Minnesota

11/23