Notice of Intent to Issue Bonds – Waconia Schools
NOTICE OF INTENT
GENERAL OBLIGATION CAPITAL
INDEPENDENT SCHOOL DISTRICT NO. 110
(WACONIA-ST. BONIFACIUS, NEW GERMANY)
STATE OF MINNESOTA
NOTICE IS HEREBY GIVEN that the School Board of Independent School District No. 110 (Waconia-St. Bonifacius, New Germany), State of Minnesota (the “District”), adopted a resolution (the “Resolution”) on December 10, 2012 stating the intention of the School Board to issue the District’s General Obligation Capital Facilities Bonds, Series 2013A (the “Bonds”) in the total aggregate principal amount of not to exceed $1,435,000 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:
• Energy improvements to all the District’s facilities
The total amount of District indebtedness as of December 10, 2012 is $52,680,000. If the proposed Bonds were issued, the total indebtedness of the District would be $54,115,000.
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: December 10, 2012
BY ORDER OF THE SCHOOL BOARD
School District Clerk
Independent School District No. 110
(Waconia-St. Bonifacius, New Germany)
(Published in The Waconia Patriot Feb. 21, 2013)