31 PROPOSED BOND ISSUE Oak Hills Local School District
A majority affirmative vote is necessary for passage. Shall bonds be issued by the Oak Hills Local School District for the purpose of new construction, improvements, renovations and other additions to school facilities, as well as equipment, furnishings, site improvements, and all necessary appurtenances therefor, as part of a master facilities plan with the Ohio Facilities Construction Commission in the principal amount of $68,500,000, to be repaid annually over a maximum period of 37 years, and an annual levy of property taxes be made outside of the ten-mill limitation, estimated by the county auditor to average over the repayment period of the bond issue 2.05 mills for each $1 of taxable value, which amounts to $74 for each $100,000 of the county auditor 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? FOR THE BOND ISSUE AGAINST THE BOND ISSUE
