Case Study

North Central Local Schools

North Central Local Schools

During 2006, the North Central Local School District and the Ohio School Facilities Commission (OSFC) entered into a project agreement for the construction and acquisition of classroom facilities, which was estimated to cost $30,100,236. The District’s share of this co-funded project was $9,933,078 while the OSFC provided the balance of $20,167,158. On November 7, 2006 District voters were asked to approve a two part bond issue, first for the $9,933,078 local share of the OSFC project, and second for $1,466,922 for local initiatives not covered by the OSFC project agreement. Voters approved both issues by the same 59.8% favorable margin. Immediately after the successful election, the District finalized its selection of Sudsina & Associates, LLC as Financial Advisor and A.G. E

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