Northwood school district making $14M in bonds available to local investors

6/27/2014

The Northwood school district is making available to local investors some of nearly $14 million in bonds it will issue to finance construction of a new school on its Lemoyne Road campus.

The traditional tax-exempt bonds will be sold in increments of $5,000, with maturities ranging from one to 30 years. 

“This is a unique opportunity for supporters of the district in that it has been over 20 years since residents last had the chance to buy Northwood school bonds,” Superintendent of Schools Greg Clark said.

An informational meeting about the bond offering has been scheduled for 6 p.m. Aug. 13 at the Board of Education office, 500 Lemoyne. Questions also can be directed to the district‘‍s financial advisers, David Conley or Emily Cannon of Rockmill Financial, at 614-300-5015.

District voters on May 6 approved an additional 4.9-mill property levy and an 0.25 percent tax on earned income to pay for the district’‍s share of the planned $33 million kindergarten-through-12th-grade building. Officials plan to have the new school ready for students in the fall of 2017.