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SCHOOL DISTRICT QUESTION 1 (ISD #741)
SCHOOL DISTRICT QUESTION 1
APPROVAL OF BOND ISSUE AND CAPITAL
PROJECT LEVY AUTHORIZATION
The school board of Independent School District No. 741 (Paynesville Area Schools) has proposed a project for the acquisition and betterment of school sites and facilities, including ventilation upgrades and repairs; boiler repairs and burner upgrades; carpet, sinks and plumbing replacements; window renovations; roof repairs and replacements; telephone system upgrades; safety and security upgrades; air duct, steam trap and door repairs; acquisition of vehicles; locker upgrades; repair and replacement of parking lots, the track surface, fields and fire lanes; acquisition of the U.S. Army Reserve Center site and facilities located in Paynesville and improvements thereto; construction of well and irrigation improvements; and the acquisition, installation, replacement, support and maintenance of software, computers, mobile devices, improved technology, technology systems, networks, infrastructure, and related training. To provide funds for the portion of the project costs to be funded by bond proceeds, the board has proposed to issue general obligation school building bonds in an amount not to exceed $2,030,000. To provide funds for the technology portion of the project costs to be funded by capital project levy proceeds, the school board has, pursuant to Minnesota Statutes, Section 123B.63, proposed a capital project levy authorization in the amount of 3.267% times the net tax capacity of the school district. The proposed capital project levy will raise approximately $240,000 for taxes payable in 2015 the first year it is to be levied, and would be authorized for ten (10) years. The estimated total cost of the projects to be funded by the capital project levy authorization is approximately $2,400,000.
Shall the issuance of the general obligation school building bonds and the capital project levy authorization proposed by the school board of Independent School District No. 741 be approved?
Shall the issuance of the general obligation school building bonds and the capital project levy authorization proposed by the school board of Independent School District No. 741 be approved?
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