11. Proposed Bond Issue Twinsburg City School District
A majority affirmative vote is necessary for passage.Shall bonds be issued by the Twinsburg City School District for the purpose of constructing, furnishing, equipping and otherwise improving school district buildings and facilities and clearing, improving and equipping their sites in the principal amount of $97,000,000, to be repaid annually over a maximum period of 36 years, and an annual levy of property taxes be made outside the ten-mill limitation, estimated by the county fiscal officer to average over the repayment period of the bond issue 3.84 mills for each $1 of taxable value, which amounts to $135 for each $100,000 of the county fiscal officer’s appraised value, commencing in 2025, first due in calendar year 2026, to pay the annual debt charges on the bonds, and to pay debt charges on any notes issued in anticipation of those bonds?
