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La Center School District No. 101 Proposition 1

The Board of Directors of La Center School District No. 101 adopted Resolution No. 2017/2018-1, concerning a proposition to relieve overcrowding and improve infrastructure and safety. This proposition would authorize the District to: construct a new middle school; convert and renovate the existing La Center Middle School into an elementary school; acquire land; issue no more than $48,093,000 of general obligation bonds maturing within 21 years; and levy annual excess property taxes to repay the bonds, all as provided in Resolution No. 2017/2018-1. Explanatory Statement This proposition authorizes La Center School District to issue $48,093,000 of bonds to: construct a new middle school, convert the existing La Center Middle School into an elementary school, and acquire land. The School Board determined the new middle school is necessary due to: current overcrowding, projected growth, and safety concerns. The bonds will be repaid from annual excess property taxes over 21 years at an estimated tax rate of $0.77 per $1,000 of assessed value, or $192.50 per year for a $250,000 home. Exemptions from taxes may be available. For information, call Clark County Assessor (360) 397-2391.
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