Specifications include, but are not limited to: National Park College expects to issue a General Obligation Bonds (the “GO Bonds”) to provide funds for construction projects including new welding facilities, physical plant facilities, and site preparation to construct an additional student housing facility. The approximately $3 million in bank qualified, tax-exempt bonds are to have a term of thirty (30) years. Targeted closing date shall be approximately December 1, 2021. National Park College expects to issue a Tuition/Fees/Revenue Bonds (the “TFR Bonds”) to provide funds to construct the College’s additional student housing facility (Phase 2 Dogwood Hall Housing Project). The approximately $12 million in bank qualified, tax-exempt bonds are currently structured to have a term of thirty (30) years. To-be-constructed housing to open in the estimated fall of 2023.
