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home : legals : other legal notices August 22, 2017

5/24/2017 12:12:00 PM
EXHIBIT A NOTICE OF INTENT TO ISSUE TAXABLE GENERAL OBLIGATION FACILITIES MAINTENANCE BONDS, SERIES 2017A TO FINANCE CERTAIN HEALTH AND SAFETY PROJECTS INDEPENDENT SCHOOL DISTRICT NO. 203 (HAYFIELD COMMUNITY SCHOOLS) STATE OF MINNESOTA

EXHIBIT A

NOTICE OF INTENT TO ISSUE TAXABLE GENERAL OBLIGATION FACILITIES MAINTENANCE BONDS, SERIES 2017A TO FINANCE

CERTAIN HEALTH AND SAFETY PROJECTS

INDEPENDENT SCHOOL DISTRICT NO. 203

(HAYFIELD COMMUNITY SCHOOLS)

STATE OF MINNESOTA

NOTICE IS HEREBY GIVEN that Independent School District No. 203 (Hayfield Community Schools), State of Minnesota (the "District"), adopted a resolution (the "Resolution") on May 17, 2017 stating the intention of the School Board to issue its Taxable General Obligation Facilities Maintenance Bonds, Series 2017A (Qualified Zone Academy Bonds-Tax Credit) in the total principal amount of not to exceed $9,694,000 pursuant to Minnesota Statutes, Section 123B.595 and Chapter 475, as amended, and Sections 54A and 54E of the Internal Revenue Code of 1986, as amended (the "Code") The proceeds of the Taxable General Obligation Facilities Maintenance Bonds, Series 2017A (Qualified Zone Academy Bonds-Tax Credit) will be used to finance the following projects approved by the School Board and related financing costs, subject to the approval of the Commissioner of Education:

• health and safety projects as identified in the District's ten-year facility plan as approved by the Commissioner of Education

The total amount of outstanding District indebtedness as of March 1, 2017 is $560,000. If the Bonds were issued, the total indebtedness of the District would be $10,254,000.

Dated: May 17, 2017 BY ORDER OF THE SCHOOL BOARD

/s/ Patrick Towey Jr. School District Clerk

Independent School District No. 203 (Hayfield Community Schools) State of Minnesota 21c


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