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Evergreen School District No. 114 Proposition 2

The Board of Directors of Evergreen School District No. 114 approved Resolution No. 5975 concerning Proposition No. 2 for bonds. Proposition No. 2 would authorize the District to replace five elementary schools, a middle school, a high school, and an administration center; construct a new elementary school, an alternative program campus and an addition to Heritage High; and make technology, safety and security upgrades, capital improvements and infrastructure upgrades district-wide; by issuing $695,000,000 of general obligation bonds maturing within a 21 year maximum term; and to levy excess property taxes annually to repay the bonds. Explanatory Statement Since its last bond measure in 2002, the Evergreen School District has made essential repairs to its 37 schools using general fund dollars. This bond would allow Evergreen to replace and modernize schools that are close to 60 years old and would leverage approximately $95 million in state matching funds and $12 million in local impact fees. Evergreen estimates that upon passage of this bond, bond and levy rates will drop from a levy rate of $5.00 per $1,000 of assessed value in 2017, to $4.85 for 2018, and $3.27 in 2019, when older bonds are paid off.
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