Officials of the Chagrin Falls Exempted Village Schools have been working to prepare for the issuance of $31,500,000 in bonds. The bond issues, approved by voters on May 2, 2017, will provide funding for the renovation and new construction of the current Intermediate School at 77 E. Washington Street. It also will allow for an interim school to be constructed on the current 7-12 Campus. Other improvements to the district’s facilities also will be made.
Since the approval of the bond issue by voters, the district has secured a bond rating and is completing the bond offering documents. Rockmill Financial Consulting, LLC, a Lancaster, Ohio firm that specializes in public finance, has been engaged by the district to serve as municipal advisor for the issue.
The district has made special arrangements to sell bonds to interested residents. The bonds will be sold in minimum denominations of $5,000, with maturities ranging from one to 30 years. Interest on the bonds is exempt from both federal and Ohio income taxes.
A second meeting will be held on Wednesday, August 2nd at 6:00 p.m. in the Chagrin Falls High School library. Residents and business owners are invited to attend the seminar if they have questions or would like specific information about the bonds.
For more information contact the District Treasurer, Anne Spano at (440) 247-4571.