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Kent School District No. 415

Proposition No. 1
Capital Improvement and School Construction General Obligation Bonds - $252,000,000

The Board of Directors of Kent School District No. 415 adopted Resolution No. 1490 concerning a proposition to finance capital improvements to its facilities. This proposition would authorize the District to construct two new elementary schools and 20 new classrooms, make capital improvements to roofs at numerous schools, improve multipurpose rooms and fields, tracks and courts at numerous schools and; to issue $252,000,000 of general obligation bonds maturing with a maximum term of 20 years and to levy annual excess property tax levies to pay and retire such bonds, all as provided in Resolution No. 1490. Should this proposition be:

Approved

Rejected


Passage of proposition No. 1 will authorize Kent School District to borrow $252,000,000 by issuing general obligation bonds to address overcrowding, as well as deficiencies at schools and other district facilities.  In accordance with Resolution No. 1490 approving this proposition, the bonds will finance: (a) the construction of two new elementary schools; (b) the construction of 20 new classrooms; (c) the renovation of multi-purpose rooms at various schools; (d) the renovation of fields, tracks and courts at various schools; (e) acquire new smartboards; (f) capital improvements to the roofs and HVAC system upgrades, at various schools; and construct other capital improvements, including technology district-wide. The bonds would be repaid out of annual property tax levies over a period of 20 years.  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 questions about this measure, contact: Michael Newman, Chief Business Officer, 253-373-7295, michael.newman@kent.k12.wa.us

Vote Yes for Our Kids and Our Schools! 

This bond, developed with extensive community input, will relieve overcrowding in our schools without raising anyone’s property tax rate. The bond will build two new elementary schools and add 20 additional classrooms to reduce overcrowding. Your yes vote will improve safety for Kent School district students, families and staff by renovating roofs, upgrading heating and ventilation systems, providing new fire alarm systems, upgrading parking lots and improving student drop-off zones. The project list for the bond was developed over multiple years with input provided by community members and staff from each school. The Kent School District Board of Directors prioritized recommendations from the citizen-led task force by balancing projects across the district, ensuring each and every school receives needed upgrades, and making certain that the current voter approved tax rate Does Not increase.

Your yes vote will approve funds to renovate ten school athletic facilities, provide nine new multipurpose rooms, and one performing arts center.

The 2016 Bond reduces overcrowding and provides the funding needed for projects at Every school without raising our tax rate. Please join your neighbors and vote Yes for our kids and schools by November 8th.

Submitted by: Brooke Valentine, Dennis Higgins, Juliet Perry, www.citizensforkentschools.org

60% yes vote and a minimum turnout equal to 10,572 voters (Washington Constitution, art. VII, sec. 2(b))

For questions about this measure, contact: Michael Newman, Chief Business Officer, 253-373-7295, michael.newman@kent.k12.wa.us

 

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