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Published: Tuesday, 2/27/2007

Bowling Green school bonds offered to public

BOWLING GREEN Residents interested in buying bonds to be sold for the city schools $27.5 million construction project can learn more about the opportunity at a seminar at 6 tonight at Kenwood Elementary, 710 Kenwood Ave.

Seasongood & Mayer, which was hired by the school board to underwrite the bond sale, will present a seminar for residents interesting in buying bonds in minimum denominations of $5,000 with maturity rates of one to 28 years. The bonds, which will finance a new junior high and auditorium, are expected to be sold March 7.

District Treasurer Rhonda Melchi said though the bonds likely would have a lower interest rate than a typical certificate of deposit, interest income is exempt from state and federal taxes, which makes the bonds attractive for some investors.

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