City School District of the City of
Jamestown, New York School District
Bonds, 2017

Jamestown CSD New York

Invest in Jamestown Central School District to help finance capital improvements at various school district facilities. The bonds below are offered through a competitive transaction and are subject to price changes and availability.


Issuance characteristics
  • Contains credit enhanced maturities
  • Not callable
  • Federally tax exempt
  • General Obligation
  • Competitive sale

About this bond issuance

  • Purpose

    Capital improvements include site improvement, original furnishings, equipment and incidental expenses. The proceeds of the Bonds, the Notes, $1,695,000 of budgetary appropriations, and $1,000,000 of available funds will be used to redeem $37,075,000 of bond anticipation notes that will mature on June 22, 2017 and provide $7,900,000 of new financing for such purposes.

    Pursuant to paragraph c of section 104.00 of the Local Finance Law, the District received a consent order dated April 17, 2012 of the State Comptroller to issue obligations for this project. This consent relates only to the authority of the District to exceed its debt limit and not to any other matter.

  • Obligor

    City School District of the City of Jamestown, Chautauqua County, New York

  • Issuer

    City School District of the City of Jamestown, Chautauqua County, New York

  • Authority

    The Bonds and the Notes are issued pursuant to the Constitution and laws of the State, including, among others, the Education Law and the Local Finance Law, and a bond resolution adopted by the Board of Education on September 30, 2011 and approved by the qualified voters of the District on November 14, 2011. The resolution authorizes the issuance of bonds in the amount of $68,000,000 to finance capital improvements at various school district facilities in and for the District.

  • Security

    The Bonds and the Notes will constitute general obligations of the City School District of the City of Jamestown, Chautauqua County, New York and will contain a pledge of its faith and credit for the payment of the principal of and interest on the Bonds and the Notes. All the taxable real property within the District will be subject to the levy of ad valorem taxes, without limitation as to rate or amount for the payment of principal of and interest on the Bonds and the Notes. See "Nature of the Obligations" and "Tax Levy Limitation Law" herein.

  • Sale conditions

    This is a competitive transactions. All offerings are subject to availability and price changes.

About the issuer

Contact information
Address
197 Martin Road Jamestown NY 14701

Ratings

Enhanced ratings

S&P

A2

Moody's

Fitch

Financing team

Neighborly Securities
Neighborly is a co-manager on this issuance.