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Strasburg School District 31J Ballot Issue 5B

Ballot Issue 5BSHALL STRASBURG SCHOOL DISTRICT 31J DEBT BE INCREASED BY $19.8 MILLION, WITH A REPAYMENT COST OF NOT TO EXCEED $36.5 MILLION (WHICH REPRESENTS THE PRINCIPAL OF AND INTEREST ON THE DEBT OVER TIME), AND SHALL DISTRICT TAXES BE INCREASED NOT MORE THAN $1.59 MILLION ANNUALLY, BY THE ISSUANCE AND PAYMENT OF GENERAL OBLIGATION BONDS TO PROVIDE, AMONG OTHER THINGS, LOCAL MATCHING MONEY REQUIRED FOR THE DISTRICT TO RECEIVE $3,699,808.71 IN STATE GRANT FUNDS (WHICH ARE NOT REQUIRED TO BE REPAID) UNDER THE BUILDING EXCELLENT SCHOOLS TODAY ("BEST") PROGRAM, ALL FOR PROVIDING CAPITAL ASSETS FOR DISTRICT PURPOSES, INCLUDING: PROVIDING DISTRICT MATCHING FUNDS IN THE AMOUNT OF $6,299,674.29 IN ORDER TO RECEIVE THE BEST GRANT WHICH HAS BEEN AWARDED BY THE STATE IN THE AMOUNT OF $3,699,808.71 (THE RECEIPT OF WHICH IS CONTINGENT UPON THE DISTRICT'S ABILITY TO PROVIDE THE MATCHING AMOUNT) TO CONSTRUCT HEALTH, SAFETY AND SYSTEM UPGRADES AT THE HIGH SCHOOL INCLUDING MECHANICAL, ELECTRICAL, FIRE ALARM, PUBLIC ADDRESS SYSTEMS AND ROOFING UPGRADES; CONSTRUCTING, RENOVATING, REMODELING AND EQUIPPING AN ADDITION TO THE ELEMENTARY SCHOOL TO ADD CLASSROOMS AND CONSTRUCTING A NEW GYMNASIUM TO ADDRESS OVERCROWDING DUE TO GROWTH, HEALTH, SAFETY AND SECURITY ISSUES; EXPANDING AND RECONFIGURING BUS AND PARENT DROP OFF AREAS, PLAYGROUND EXPANSION AND OTHER SITE IMPROVEMENTS TO IMPROVE TRAFFIC FLOW, SAFETY AND SECURITY OF THE ELEMENTARY SCHOOL AND MIDDLE SCHOOL SITES; WITH SUCH GENERAL OBLIGATION BONDS TO BE SOLD, TO BEAR INTEREST, MATURE, BE SUBJECT TO REDEMPTION, WITH OR WITHOUT PREMIUM OF NOT MORE THAN THREE PERCENT, AND BE ISSUED AT SUCH TIME, AT SUCH PRICE (AT, ABOVE OR BELOW PAR) AND IN SUCH MANNER AND CONTAINING SUCH TERMS NOT INCONSISTENT WITH THIS BALLOT ISSUE, AS THE BOARD OF EDUCATION MAY DETERMINE, AND SHALL AD VALOREM PROPERTY TAXES BE LEVIED WITHOUT LIMIT AS TO THE MILL RATE TO GENERATE AN AMOUNT SUFFICIENT IN EACH YEAR TO PAY THE PRINCIPAL OF, PREMIUM IF ANY, AND INTEREST ON SUCH DEBT AND ANY DEBT ISSUED TO REFUND SUCH DEBT WHEN DUE, OR TO CREATE A RESERVE FOR THE SAME, PROVIDED THAT ANY REVENUE PRODUCED BY SUCH MILL LEVY SHALL NOT EXCEED $1.59 MILLION ANNUALLY; AND SHALL THE DISTRICT'S DEBT LIMIT BE INCREASED FROM AN AMOUNT EQUAL TO 20% OF THE DISTRICT'S ASSESSED VALUE TO AN AMOUNT EQUAL TO 6% OF THE DISTRICT'S ACTUAL VALUE, AS CERTIFIED BY THE COUNTY ASSESSORS OF ADAMS AND ARAPAHOE COUNTIES?

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  • Yes - For the Measure

  • No - Against the Measure