Orcas Island SD 137 Proposition 1
The Board of Directors of Orcas Island School District No. 137 approved a proposition for bonds. This proposition would authorize the District to renovate and modernize District facilities to address health and safety concerns, including High School HVAC and plumbing, gymnasium infrastructure, improve Elementary School interior, undertake roadway improvements, and add classroom space for music and other programs; to issue $10,800,000 of general obligation bonds maturing within a maximum term of 20 years, and to levy excess property taxes annually to repay the bonds, all as provided in Resolution No. 2017-06. Explanatory StatementThe Board of Directors of the Orcas Island School District No. 137 adopted Resolution No. 2017-06 concerning a proposition to renovate, modernize, and make upgrades to District facilities. This proposition would authorize the District to undertake renovation and modernization including, but not limited to, High School HVAC and plumbing, Old Gym interior and exterior infrastructure and systems, and other necessary safety and security repairs; interior improvements to the Elementary School; additional classroom space for music and other programs; and roadway improvements and upgrades. The proposition authorizes the District to issue $10,800,000 of general obligation bonds and to levy property taxes annually to repay the bonds over a period of 20 years.
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