NORTHWOOD – The Northwood Local School District plans to allow individuals and businesses in the
community the opportunity to purchase some of the nearly $14 million in bonds the district expects to
offer as a part of its plan to construct new school facilities. The proceeds of the bonds approved by
voters May 6, will be used, along with $11,557,585 from the State of Ohio construction of the new Pre-K
through 12th-grade building.
As a special arrangement made by the school board, interested individuals and businesses will be given
the opportunity to invest in the district by purchasing the bonds, which will be sold in increments of
$5,000 and have maturities ranging from one to 30 years. The bonds will be traditional tax-exempt
municipal bonds.
"This is an unique opportunity for supporters of the district in that it has been over 20 years
since residents last had the chance to buy Northwood School bonds," said Superintendent Greg Clark.

The district has retained Rockmill Financial Consulting, LLC as its advisor to organize the process
related to the sale of the bonds. The district expects the bonds to be sold on Aug. 12. Interest rates
for the bonds will be determined on that date. The Northwood Board of Education has established a
special process for local investors to be given preference in their ability to buy the bonds of their
choice.
Angel Adamski, the district’s CFO and treasurer, said "if not for this process, local investors
would likely not be able to buy the bonds as a part of the initial offering. It’s really a very good
opportunity for the community".
Those interested in learning more about the bond offering are encouraged to attend an informational
meeting to be held at the Northwood City Schools Board office located at 500 Lemoyne Road on Aug. 13 at
6 p.m.
Inquiries regarding the meeting can be directed to the district’s financial advisor, David Conley or
Emily Cannon of Rockmill Financial at 614-300-5015.