Case Study

Youngstown City School Refunding Bond Financing Plan Overview

Youngstown City School Refunding Bond Financing Plan Overview

In December 2000, Youngstown City School District and the Ohio School Facilities Commission (OSFC) entered into a Project Agreement for the construction of four new elementary schools, renovations and additions to five existing elementary schools, construction of a new middle school, renovations to three other building to realign those schools as middle schools, construction of a new high school, renovations to an existing high school and renovations to the District’s Career Center. At that time it was estimated to cost $163,455,056. On November 7, 2000 District voters approved a bond levy for $33,198,000 for the District’s share of the project. Thereafter, due to declining enrollment and other factors, the OSFC re-assessed the District Master Facilities Plan, reducing buil

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