The Fargo Park District Board of Commissioners today voted unanimously to approve the Competitive Sale of General Obligation Park Facilities Bonds to finance the construction of various improvements. Tonight is the initial public notice; the sale would happen in March 2022.
The action taken at this evening’s Park Board meeting is a key step to get to market in a timely manner in a favorable rate environment. In April of 2021, the Park Board originally adopted the Initial Resolution for the issuance of General Obligation Park Facilities Bonds, pursuant to NDCC 21-03-07 (11), to support the proposed Fargo Sports Complex and the Island Park Pool rehabilitation. In November 2021, the Park Board approved the Capital Project Funding Model which established the Fargo Park Sports Complex securing a Gross Maximum Price in January 2022 and the Island Park Pool Project securing bids in July 2022.
The Fargo Park District Foundation continues actively fundraising the last 20 percent of the Fargo Parks Sports Complex project. At the January Park Board meeting, the Foundation announced a generous donor will match up to $1 million for Giving Hearts Day this year for the Fargo Parks Sports Complex project. At tonight’s meeting, Fargo Park District Foundation Director Brian Arett shared gifts and pledges in advance of Giving Hearts Day have already raised $285,000 of the $1 million match goal. The individual commissioners and individual members of the Foundation Board have each committed to supporting the Fargo Park District Foundation on Giving Hearts Day, February 10. This 100% board participation from their own pockets is a testament to this highly impactful project.
“Our hope is to see the generous pledge of $1 million matched through community donations by Giving Hearts Day,” shared Brian Arett, Fargo Park District Foundation Director. “We’re thankful to have the Park Commissioners and Foundation Board members individually all on board for Giving Hearts Day. We still are looking to you to help us meet the whole match. And you can do that by giving by check of any amount or by giving online today with pre-gifts at GivingHeartsDay.org.”
If you would like to support the Fargo Parks Sports Complex, pre-giving is open at GivingHeartsDay.org. Every dollar counts. And the previously announced matching gift means for every dollar donated, one more will be raised to help complete the project.
If you would like to give $1,000 or more you can give by check to the Fargo Park District Foundation and include Giving Hearts Day in the memo line and mail or drop it off at the Fargo Park District offices. If you’d like to have your family or business name inside the facility, naming opportunities are available at $15,000 and above. These opportunities are eligible for the $1 million dollar match. Please contact Brian at firstname.lastname@example.org for more information.
Learn more about the Fargo Sports Complex project by visiting the project page here.