Intent to issue bonds to Finance Health & Safety ProjectsNOTICE OF INTENT TO ISSUE BONDS TO
NOTICE OF INTENT TO ISSUE BONDS TO
CERTAIN HEALTH AND SAFETY PROJECTS
INDEPENDENT SCHOOL DISTRICT NO. 192
STATE OF MINNESOTA
NOTICE IS HEREBY GIVEN, that Independent School District No. 192 (Farmington), State of Minnesota (the "District"), intends to issue general obligation alternative facilities bonds (the "Bonds") in the total principal amount of $2,260,000 pursuant to Minnesota Statutes, Section 123B.59 and Chapter 475, as amended. The proceeds of the Bonds will be used to fund the costs of the following health and safety projects approved by the School Board and related financing costs, subject to the approval of the Commissioner of Education:
. indoor air quality improvements and asbestos abatement at Farmington Elementary School and Akin Road Elementary School
The total amount of outstanding indebtedness of the District as of December 1, 2012, is $211,180,000. If the proposed bonds are issued, the total indebtedness of the District would be $213,440,000.