The Ballot (Issue 3D)
On August 24, the Adams 12 Five Star Schools Board of Education approved the placement of a $350 million bond on the November ballot at no tax rate increase to residents. Find the official ballot language below.
Ballot Issue 3D
SHALL ADAMS 12 FIVE STAR SCHOOLS DEBT BE INCREASED $350 MILLION, WITH A REPAYMENT COST OF NOT MORE THAN $653 MILLION, AND WITH NO EXPECTED INCREASE IN THE DISTRICT’S CURRENT DEBT SERVICE MILL LEVY OF 21.665 MILLS, SHALL DISTRICT TAXES BE INCREASED NOT MORE THAN $39.4 MILLION ANNUALLY, AND SHALL SUCH DEBT BE ISSUED FOR CAPITAL IMPROVEMENT PURPOSES, INCLUDING BUT NOT LIMITED TO:
ADDING CLASSROOMS AND SCHOOLS TO REDUCE OVERCROWDING;
EXTENDING THE LIFE OF AGING SCHOOL BUILDINGS BY MAKING MAJOR REPAIRS, REPLACEMENTS AND IMPROVEMENTS TO THE FOLLOWING DETERIORATING AREAS: LEAKING ROOFS, FLOORING, BUILDING FOUNDATIONS AND STRUCTURES, HEATING AND COOLING SYSTEMS, AND PLUMBING AND ELECTRICAL SYSTEMS;
IMPROVING EMERGENCY RESPONSE AND SECURITY IN SCHOOL BUILDINGS BY INSTALLING SECURITY CAMERAS AND ALARM SYSTEMS, AND UPGRADING EXISTING CAMERAS;
EXPANDING AVAILABILITY OF PRESCHOOL AND FULL-DAY KINDERGARTEN;
UPDATING INSTRUCTIONAL SUPPORT TECHNOLOGY;
MEETING INCREASED DEMAND FOR CAREER AND TECHNICAL CLASSES AND CERTIFICATION IN AREAS SUCH AS SKILLED TRADES, TECHNICAL SCIENCES, HEALTH CARE, AND ADVANCED MANUFACTURING;
SUCH DEBT TO BE EVIDENCED BY THE ISSUANCE AND PAYMENT OF GENERAL OBLIGATION BONDS, WHICH SHALL BEAR INTEREST, MATURE, BE SUBJECT TO REDEMPTION, WITH OR WITHOUT PREMIUM OF NOT TO EXCEED 3%, AND BE ISSUED, DATED AND SOLD AT SUCH TIME OR TIMES, AT SUCH PRICES (AT, ABOVE OR BELOW PAR) AND IN SUCH MANNER AND CONTAINING SUCH TERMS, NOT INCONSISTENT HEREWITH, AS THE DISTRICT MAY DETERMINE; AND SHALL AD VALOREM PROPERTY TAXES BE LEVIED IN ANY YEAR, WITHOUT LIMITATION AS TO RATE, TO PAY THE PRINCIPAL OF, PREMIUM, IF ANY, AND INTEREST ON SUCH BONDS AND ANY BONDS ISSUED TO REFINANCE SUCH BONDS AND TO FUND ANY RESERVES FOR THE PAYMENT THEREOF; AND SHALL THE DISTRICT'S DEBT LIMIT BE INCREASED FROM AN AMOUNT EQUAL TO 20% OF THE DISTRICT'S ASSESSED VALUE TO AN AMOUNT EQUAL TO 6% OF THE DISTRICT’S ACTUAL VALUE, AS CERTIFIED BY THE COUNTY ASSESSORS OF ADAMS COUNTY AND THE CITY AND COUNTY OF BROOMFIELD?
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