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NOTICE OF INTENT TO ISSUE BONDS AND OF PROJECTS TO BE FINANCED INDEPENDENT SCHOOL DISTRICT NO.

NOTICE OF INTENT TO ISSUE BONDS
AND OF PROJECTS TO BE
FINANCED
INDEPENDENT SCHOOL
DISTRICT NO. 709
Pursuant to Minnesota Session Laws of 2020, 5th Special Session, Article 8, Section 4 (the "Act"), Independent School District No. 709 (the "District") hereby declares its intent to issue general obligation bonds in the amount of $31,500,000 for the following District projects permitted under the Act:
(1)A new District Administrative Services Building consisting of a two-story, approximately 28,700 square foot building to be located on District owned land;
(2)The renovations to an existing District 16,000 square foot building to accommodate the technology department, print shop and central storage;
(3)A new transportation center consisting of approximately 29,000 square feet to be located on District owned land for bus maintenance and storage;
(4)Site development and off-site improvements, including road and utility improvements and demolishing costs of the Duluth Central High School facility constructed in 1971; and
(5)Furniture, fixtures and equipment and technology in connection with such projects.
The total amount of the District's outstanding debt is $144,440,000.
Dated July 1, 2021
By Order of the School Board
By John Magas, Superintendent
(July 3, 2021) 2895664