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SCHOOL DISTRICT QUESTION 1 (ISD #196)
APPROVAL OF BOND ISSUE AND CAPITAL
PROJECT LEVY AUTHORIZATION
The School Board of Independent School District No. 196 (Rosemount-Apple Valley-Eagan) has proposed a project for a phased program of acquisition and betterment of school sites and facilities, including the construction and equipping of a new elementary school facility; the repair, renovation, remodeling, upgrading, equipping and construction of additions and improvements to various school district sites and facilities districtwide; the construction of secured entries at all school facilities and the acquisition and installation of security and safety improvements to all school sites and facilities; the completion of parking lot and pavement improvements districtwide; and the acquisition and installation of improved instructional technology and technology systems and technology support staffing. To provide funds for a portion of the project costs, the School Board has proposed to issue general obligation school building bonds in an amount not to exceed $130,000,000. The projects to be funded by the bond issue have received a positive review and comment from the Commissioner of Education. To provide funds for the remaining portion of the project costs, the School Board has proposed a capital project levy authorization in the amount of 3.015% times the net tax capacity of the school district. The proposed capital project levy will raise approximately $4,784,689 for taxes payable in 2016, the first year it is to be levied, and would be authorized for ten years. The estimated total cost of the projects to be funded by the capital project levy authorization over that time period is approximately $50,000,000.
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. 196 be approved?
BY VOTING "YES" ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A PROPERTY TAX INCREASE.
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