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Bellevue School District No. 405

Proposition No. 3
General Obligation Bonds - $450,000,000

The Board of Directors of Bellevue School District No. 405 approved a proposition for bonds.  This proposition authorizes the District to rebuild five elementary schools, modernize International School, modernize Big Picture School, rebuild one middle school, construct, acquire and equip two new elementary schools and make necessary capital improvements, to issue $450,000,000 of general obligation bonds maturing within a maximum term of 20 years, and to levy excess property taxes annually to repay the bonds, as described in Resolution No. 13-25.  Should this proposition be:



Passage of Proposition No. 3 would allow Bellevue School District No. 405 to borrow $450,000,000 by issuing 20-year general obligation bonds used to finance the replacement, renovation or construction of facilities with new long-term facilities.  These new and remodeled school buildings improve safety, relieve overcrowding and accommodate anticipated growth in the Bellevue student population. In accordance with Resolution No. 13-25 approving this proposition, the bonds would pay for renovations, upgrades and new construction of school facilities, including elementary and high school buildings, and construct new replacement school buildings in the District.  Capital projects include constructing, equipping and rebuilding five elementary schools and one middle school that were not rebuilt under previous bond measures, significantly remodeling and modernizing International School, and Big Picture School, acquire, construct and equip two new elementary schools and make necessary capital improvements to other District facilities.  The bonds would be repaid out of annual property tax levies over a period of up to 20 years.  The levy rate is estimated to increase by an average of $0.40 per thousand dollars of assessed valuation, per year, for each of five years, costing the typical homeowner ($448,000 home) $5.10 per month or $61.00 per year, the first year, and an additional $61.00 (on average) per each subsequent year during the five year period.  The exact amount of such annual levies for these bonds would depend on the amount of principal paid each year and on the interest rates available at the time the bonds are sold.

For additional questions regarding this measure contact: Melissa deVita - Deputy Superintendent 425-456-4025 •



Vote Yes to complete the program to rebuild all district schools, address overcrowding and increase building safety for our students.

This bond measure will continue the rebuilding, approved by voters in 2002 and 2008, resulting in the “on- time and on-budget” replacement of 11 of 16 elementary schools, four of five middle schools and four high schools.  The current measure will complete this long-term program, and fund replacement of the district’s six remaining schools: Bennett, Clyde Hill, Enatai, Puesta del Sol, Stevenson and Highland Middle School.

Bellevue’s population growth requires action now to alleviate eventual over-crowding.  This measure will add space for approximately 3,000 students.  In addition to the rebuilding described above, the program will build two new elementary schools, add capacity at Newport High School and Woodridge Elementary, and make needed improvements to the International and Big Picture schools.

The school district has demonstrated the ability to responsibly manage construction funds and has received the highest bond rating (Aaa) by Moody’s, and an AA-plus by Standard and Poor’s.   Passing these measures and taking advantage of historically low interest rates, will allow Bellevue to maintain one of the lowest school tax rates in the Region.

Continue rebuilding excellence. Vote Yes.

Statement submitted by: Tobey Bryant and Steve Brown

No statement submitted.

Statements in favor of and in opposition to a ballot measure are submitted by committees appointed by the jurisdiction. No persons came forward to serve on the committee and to write a statement in opposition. If you would like to be involved with a committee in the future please contact the jurisdiction.

60% yes vote and a minimum turnout of 13,315 (Washington Constitution, article VII, section 2(b))

1259 en-US Production

TTY: Relay 711

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