Longview School District No. 122 Proposition 1
The Board of Directors approved Resolution No. 757 concerning this proposition for bonds. This proposition authorizes the District to replace Mint Valley, Northlake and Olympic Elementary Schools; make District-wide safety and security improvements at all school facilities; remodel Broadway Learning Center housing the Head Start program and the District's special education preschool program; to issue $121,600,000 of general obligation bonds maturing within a 21 year maximum term; and to levy excess property taxes annually to repay the bonds, as described in Resolution #757.Explanatory Statement Passage of Proposition 1 will allow the Longview School District to address critical facility needs. This proposition will pay for the replacement of Mint Valley Elementary School, Northlake Elementary School, and Olympic Elementary School. It will also include the remodeling of Broadway Learning Center, which houses the Head Start program and the District's special education preschool program. Safety and security projects at all District schools would also be made, including but not limited to video surveillance systems, panic alarm systems, access control systems, main entry door systems, radio communications, and exterior and interior light improvements. If approved, the District expects to receive approximately $4,670,000 in State matching funds to complete these projects. The bonds would be repaid out of annual property tax levies. Based on current projections of assessed valuations, the levy rate is estimated to be $0.96 per $1,000 of assessed valuation, costing the typical homeowner of a $200,000 median home $16.00 per month ($192.00/year). Tax exemptions may be available to homeowners, age 61 or older, and disabled persons that meet certain income requirements.
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