Saturday, Jul 23, 2016
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Northwood offering bonds to investors

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 school on Lemoyne Road.

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

A 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 a 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 school ready for the fall of 2017.

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