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SCHOOL CONSTRUCTION RW SCHOOLS

Thursday, May 15, 2014 - 11:20pm

DESCRIPTION OF PROPOSED SCHOOL CONSTRUCTION
PROJECT
Red Wing Public Schools is proposing capital improvements project at its high school site, including track resurfacing, tennis court replacement and indoor air quality upgrades at Prairie Island Arena. Projects would be scheduled for completion in the 2014 calendar years. Cost estimates by project type are as follows:
Tennis Court Replacement $ 690,245
Track Resurfacing. 225,000
Ice Arena HVAC Upgrades 725,000
Bond Issuance Costs 19.775
$1,660,000
The district proposes to finance the tennis court and track improvements with the issuance of capital facilities bonds as authorized under Minn. Stat. § 123B.62. The ice arena will be financed with the issuance of non-voter approved, alternative facilities bonds as authorized under Minn. Stat. § 123B.59, Subd.1(b). The district will certify debt service fund levies to make the annual bond payments beginning with the Payable 2015 levy cycle.
School board approval is required to proceed with the proposed projects. The school board believes the proposed projects are in the best interest of the district.
The district shall observe the requirement in Minn. Stat. § 123B.59 Subd. 8 to establish and maintain a separate account for this program in accordance with UFARS for this program; the district must meet requirement in Minn. Stat. § 123B.59 Subd. 3 to publish notice of intended projects.
REVIEW AND COMMENT
STATEMENT
Based upon the department\'s analysis of the school district\'s required documentation and other pertinent information from sources of the Minnesota Department of Education, the Commissioner of Education provides a positive review and comment.
ADDITIONAL INFORMATION IS AVAILABLE
Persons desiring additional information regarding this proposal should contact the school district superintendent\'s office.
Dr. Brenda Cassellius, Commissioner
May 13,2014
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