Elyria City Schools Prepares for Bond Sale
The Elyria Schools is preparing to sell bonds for the $45 million bond issue passed last May for a new Elyria High School. The bonds, expected to be sold the week of August 20th, will be sold in minimum denominations of $5,000 with maturities ranging from one to 28 years. The District has made arrangements to make the bonds available to any local residents who are interested in purchasing them. The bonds provide an opportunity to make a personal investment in the District and community.
Proceeds from the sale of the Bonds will be used for construction, furnishing and equipping the new EHS, and acquiring, equipping and clearing the site for the preparation of the new EHS, as well as improving the Washington Building and other school district buildings.
A.G. Edwards and Sons, Inc. is serving as lead underwriter for the issue. Edward Jones will also assist in the sale of the Bonds.
A Preliminary Official Statement that describes the Bonds and the School District may be obtained from the underwriter. Interested investors should contact either Kurt Faulhaber at A.G. Edwards' Westlake office, (440) 899-1744, or Mike Powers at Edward Jones' Elyria Office, (440) 366-0452 for further information on the sale of bonds.
