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Kenyon‑Wanamingo board adopts resolution to pursue up to $13.675M in facilities maintenance bonds
Summary
The board passed a resolution stating its intent to issue General Obligation Facilities Maintenance Bonds, Series 2025B, not to exceed $13,675,000 to finance projects in the district's ten‑year facilities plan and authorized publication of a notice of intent.
At its July 28 meeting, the Kenyon‑Wanamingo School Board adopted a resolution stating its intention 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 authority under Minnesota Statutes, Chapter 475, and Section 123B.595 and describes covenants for state credit enhancement under Minn. Stat. §126C.55 and requirements for publishing a legal notice. The board recorded the vote in favor by Tonya Craig, AJ Lindell, Marilyn Syverson, Erica Aronson, Madilynn Lurken and James Jarvis; Debb Paquin was absent.
Minutes include language authorizing Ehlers & Associates to act as municipal advisor and Kennedy & Graven to act as bond counsel, and require publication of a Notice of Intent at least 20 days before issuance or final levy certification. The minutes also list the district’s total indebtedness as of July 1, 2025, at $13,425,000 and state that issuance of the proposed bonds would raise illustrative indebtedness to $27,100,000.
