View original fileSUMMARY NOTICE OF SALE
NOTICE IS HEREBY GIVEN that each of the following school districts (the “School Districts”) shall offer collectively for public sale its general obligation bond (collectively, the “Bonds”) in the amounts indicated below Total % of School District Principal* Total* Abbeville County School District, SC $ 3,764,000 1.23% School District of Calhoun County, SC 2,657,000 0.87 Cherokee School District No. 1 of Cherokee County, SC 10,922,000 3.56 School District of Chester County, SC 6,495,000 2.12 Chesterfield County School District, SC 7,858,000 2.56 School District of Colleton County, SC 12,115,000 3.95 School District No. 2 of Dorchester County, SC 35,301,000 11.50 School District No. 4 of Dorchester County, SC 4,000,000 1.30 School District of Edgefield County, SC 1,297,000 0.42 School District of Fairfield County, SC 3,466,000 1.13 School District No. 2 of Florence County, SC 208,000 0.07 Florence School District Three, South Carolina 769,000 0.25 School District of Georgetown County, SC 23,500,000 7.66 Hampton County School District, SC 874,000 0.28 School District of Kershaw County, SC 21,456,000 6.99 The School District of Lancaster County, SC 33,000,000 10.75 School District No. 56 of Laurens County, SC 2,104,000 0.69 School District of Lee County, SC 1,597,000 0.52 School District No. 3 of Lexington County, SC 2,750,000 0.90 Lexington County School District No. 4, SC 3,000,000 0.98 Orangeburg County School District, SC 16,632,000 5.42 School District of Pickens County, SC 19,270,000 6.28 Saluda County School District No. 1, SC 603,000 0.20 School District No. 1 of Spartanburg County, SC 7,943,000 2.59 School District No. 2 of Spartanburg County, SC 12,279,000 4.00 School District No. 7 of Spartanburg County, SC 16,400,000 5.34 Sumter School District, SC 18,863,000 6.15 The School District of Union County, SC 3,676,000 1.20 School District No. 1 of York County, SC 7,332,000 2.49 Rock Hill School District No. 3 of York County, SC 26,814,000 8.74 Totals: $306,945,000 100.00% *Preliminary, subject to change.
The Bonds will be collectively sold as the $306,945,000* South Carolina Association of Governmental Organizations (SCAGO) Certificates of Participation, Series 2025B (Evidencing Undivided Proportionate Interests in General Obligation Debt of Certain South Carolina School Districts) (the “Certificates”).
Sale Date: Thursday, August 28, 2025, or such other date as may be established not less than seven days from the publication of this notice and communicated by electronic dissemination not less than 48 hours prior to the time the proposals are to be received. Sale Time: 11:00 a.m., South Carolina time
Certificates and Bonds Dated: Date of Delivery, on or about September 18, 2025
Interest Payment: At maturity on March 2, 2026
Maturity: March 2, 2026
Redemption provisions: The Certificates and Bonds are not subject to redemption.
Book-Entry-Only: The Certificates may be book-entry-only.
Legal Opinion: Burr & Forman LLP, Columbia, SC
Financial Advisor: Compass Municipal Advisors, LLC, Columbia, SC
Proposals will be received by Compass Municipal Advisors, LLC on behalf of the South Carolina Association of Governmental Organizations and the School Districts. The Certificates will be issued in book-entry only form in denominations of $100,000 and integral multiples of $1,000 in excess of $100,000. A copy of the Preliminary Offering Circular in deemed final form and the Official Terms and Conditions of Sale are available via the internet at https://www.compassmuni.com/statements.asp.
Persons seeking information should communicate with each School District’s Special Counsel, Francenia B. Heizer, Esquire, Burr & Forman LLP, telephone (803) 799-9800, e-mail: fheizer@ burr.com or with each School District’s Financial Advisor, Brian G. Nurick, Senior Managing Director, Compass Municipal Advisors, LLC, telephone (803) 733-1604, e-mail: brian.nurick@compasmuni.com.
*Preliminary, subject to chang