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Kenyon-Wanamingo board approves $13.21 million indoor-air-quality overhaul, moves to seek up to $13.675 million in facilities bonds
Summary
On July 28, 2025, the Kenyon-Wanamingo School Board approved a $13,209,812 indoor air-quality project (option three) with a 17-year payback and adopted a resolution of intent to issue general obligation facilities maintenance bonds of up to $13,675,000 to finance projects in the district's ten-year facilities plan.
Tonya Craig, chair of the Kenyon-Wanamingo School Board, presided over the board's July 28, 2025 meeting where trustees approved a full-scope indoor air-quality project and adopted a resolution stating the district's intention to issue facilities maintenance bonds.
Superintendent Pat Heiderscheit told the board that Sitelogic had presented three cost scenarios for the indoor air-quality (IAQ) project: the original scope at $10,674,000; a scope that added fire-alarm and heating hot-water quality upgrades at $11,874,500; and a full-scope option addressing 1954 ventilation needs and all outstanding requirements at $13,209,812. The board voted 6-0 (motion by Marilyn Syverson, second by AJ Lindell) to approve the full $13,209,812 package with a 17-year payback.
In the same meeting the board adopted a resolution stating its intent to issue General Obligation Facilities Maintenance Bonds, Series 2025B, in an aggregate principal amount not to exceed $13,675,000 to finance projects included in the district's ten-year facilities plan. The resolution cites Minnesota Statutes, Chapter 475 and Section 123B.595 as authority for issuing facilities maintenance bonds and commits the district to follow procedures under Minnesota Statutes Section 126C.55 (the Credit Enhancement Act) for state credit enhancement if a payment default is possible. The board retained Ehlers and Associates to serve as municipal advisor and Kennedy & Graven as bond counsel and authorized staff to submit the facilities plan and any amendments to the Minnesota Commissioner of Education for approval.
The legal notice required by the resolution will be published at least 20 days before issuance of the bonds or final certification of levies. The resolution also includes a declaration of official intent under Treasury Regulation a7 1.150-2 to preserve the ability to reimburse certain expenditures from bond proceeds. The board recorded that the district's total indebtedness as of July 1, 2025, was $13,425,000 and that issuance of the proposed Bonds would raise total indebtedness to an estimated $27,100,000.
The board additionally approved the district's Long-Term Facility Maintenance (LTFM) Ten-Year Plan for Fiscal Years 2025-2035, a requirement for certain bond-financed projects, by a 6-0 vote (motion introduced by Erica Aronson, seconded by AJ Lindell).
Next steps: district staff will submit the approved LTFM plan and related materials to the Minnesota Commissioner of Education for review, publish the required notice of intent, and proceed with the bond sale process with the municipal advisor and bond counsel once approvals and timelines are set.
