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Northshore School District No. 417

Proposition No. 2
General Obligation Bonds - $275,000,000

The Board of Directors of Northshore School District No. 417 approved a proposition for bonds. This proposition authorizes the District to acquire, construct and equip a new 30 classroom building, a new K-5 school on the District’s Maltby site, a new Inglemoor High School performance and instructional building, upgrade safety and security, make building and capital improvements, to issue $275,000,000 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. 763. Should this proposition be:

Approved

Rejected


Passage of Proposition No. 2 would allow Northshore School District No. 417 to borrow $275,000,000 by issuing general obligation bonds.  In accordance with Resolution No. 763 approving this proposition, the bonds will pay for renovations, upgrades and new construction of school facilities to meet the needs of the growing District, and improvements to energy efficiency of school buildings in the District.  Capital projects include acquiring, constructing and equipping a new 30 classroom building, a new K-5 school on the District’s Maltby site, a new Inglemoor High School fine arts center, upgrading athletic fields, improvements to outdoor instructional spaces including playfields, tracks, tennis courts and athletic fields, and other needed building improvements, including, but not limited to classroom modifications, to enable District facilities to meet instructional program needs.  The bonds would be repaid out of annual property tax levies over a period of up to 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.

Northshore School District is experiencing explosive growth due to increased development and housing density. For school year 2016-2017, the school district gained 700 new students, across grades K-12, enough to fill a complete new school.

This bond will provide important security upgrades that are necessary for student safety.

This bond will pay for a new K-5 school located off Maltby Road to ease overcrowding.  It will add 30 flexible use classrooms to be shared by Skyview Middle and Canyon Creek Elementary schools, helping us adapt to changing populations trends.

This bond will fund new instructional spaces and a performing arts center at Inglemoor High School providing hundreds of students access to the arts and ensuring equity across our high schools.

More than 3,000,000 square feet of buildings support our 22,000 students district wide. By providing essential maintenance and operational upgrades to those facilities, we save taxpayers money by keeping energy costs low and preventing the need for rebuilding.

Neighboring districts have increased the amount of money they are requesting from taxpayers while NSD’s strategy is to keep tax increases minimal.

Vote Yes to continue our community’s legacy of supporting quality education in Northshore.

Submitted by: Aaron Moreau-Cook, Robert Pickering, Sherry Krainick www.citizensfornorthshoreschools.com

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% approval with minimum turnout of 14,231 voters (Wash. Const. art. 7, sec. 2(b))

For questions about this measure, contact: Lisa Youngblood Hall, Director of Communications 425-408-7671 lyoungbloodhall@nsd.org

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