NOTICE OF INTENT TO ISSUE GENERAL OBLIGATION CAPITAL FACILITIES BONDS, SERIES 2014B
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 March 20, 2014 stating the intention of the School Board to issue the District\'s General Obligation Capital Facilities Bonds, Series 2014B (the "Bonds") in the total aggregate principal amount of not to exceed $10,510,000 and for a term not to exceed fifteen (15) years from the date of original issue thereof, pursuant to Minnesota Statutes, Section 123B.62 and Chapter 475, as amended.
The proceeds of the Bonds will be used to finance the following capital projects and related financing costs:
security projects at various school district sites and facilities, including the installation and replacement of door locks; installation and replacement of glass in classrooms; upgrading of video surveillance systems; installation and equipping of additional card access; installation and equipping of door buzzers; and construction, replacement and equipping of secure entries
The total amount of District indebtedness as of March 20, 2014 is 257,195,000. If these proposed Bonds were issued, the total indebtedness of the District would be $267,705,000.
Pursuant to Minnesota Statutes, Section 123B.62, as amended, the Bonds will be finally authorized for issuance, subject to the approval of the Commissioner of Education, unless a petition calling for a referendum on the question of whether to issue said Bonds, signed by more than fifteen percent (15%) of the registered voters of the District, is filed with the School Board within thirty (30) days of the date of the School Board\'s adoption of the Resolution. A petition must be in the form required by law. The minimum number of valid signatures for such a petition shall be determined as of the last day before the petition is filed with the School Board.
Dated: March 20, 2014BY ORDER OF THE SCHOOL BOARD
/s/ Katy McElwee-Stevens
School District Clerk
Independent School District No. 833
(South Washington County Schools)
State of Minnesota