Alamosa School District Bond Question (November 2012)
This question authorized Alamosa School District to issue up to $4.99 million in general obligation bonds with a repayment cost of $7.9 million to fund capital improvements. These debts will be paid by the extension of a property tax authorized at the 1995 election sufficient only to pay the principle, premium and interest of the debt.
|Alamosa county School Bond|
Election results from Conejos County General 2012 Election Results
|Alamosa county School Bond|
Election results from Alamosa County, Unofficial Election Results Summary
Text of measure
Language on the ballot:
This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
|“|| SHALL ALAMOSA SCHOOL DISTRICT NO. RE-11J DEBT BE INCREASED $4,990,000, WITH A REPAYMENT COST OF $7,900,000 FOR THE PURPOSES OF:
• CONSTRUCTING, EQUIPPING, AND FURNISHING AN ATHLETIC COMPLEX ON THE HIGH SCHOOL SITE, INCLUDING LOCKER ROOMS, ATHLETIC STORAGE BUILDING, AND TEAM BUILDING, TRACK, FIELD, BLEACHERS, AND CONCESSIONS; AND
• CONSTRUCTING, EQUIPPING AND FURNISHING AN AGRICULTURAL EDUCATION AND COMPUTER FACILITY ON THE HIGH SCHOOL SITE; AND OTHER RELATED CAPITAL IMPROVEMENTS INCLUDING IMPROVEMENTS TO SCHOOL GROUNDS;
AND SHALL THE TAX INCREASE AUTHORIZED AT THE 1995 ELECTION BE EXTENDED AND AUTHORIZED TO BE USED TO PAY THE DEBT AUTHORIZED AT THIS ELECTION IN ADDITION TO THE DEBT AUTHORIZED AT THE 1995 ELECTION; SHALL THE MILL LEVY BE INCREASED IN ANY YEAR, WITHOUT LIMITATION OF RATE BUT ONLY IN AN AMOUNT SUFFICIENT TO PAY THE PRINCIPAL OF, PREMIUM, IF ANY, AND INTEREST ON SUCH DEBT OR ANY REFUNDING DEBT (OR TO CREATE A RESERVE FOR SUCH PAYMENT), WITH SUCH DEBT TO BE EVIDENCED BY THE ISSUANCE OF GENERAL OBLIGATION BONDS OR OTHER MULTIPLE FISCAL YEAR OBLIGATIONS; SUCH DEBT TO BE SOLD IN ONE SERIES OR MORE, FOR A PRICE ABOVE OR BELOW THE PRINCIPAL AMOUNT THEREOF, ON TERMS AND CONDITIONS, AND WITH SUCH MATURITIES AS PERMITTED BY LAW AND AS THE DISTRICT MAY DETERMINE; AND SHALL THE DISTRICT BE AUTHORIZED TO ISSUE IN ONE OR MORE SERIES DEBT TO REFUND THE DEBT AUTHORIZED AT THIS ELECTION PROVIDED THAT AFTER THE ISSUANCE OF SUCH REFUNDING DEBT THE TOTAL OUTSTANDING PRINCIPAL AMOUNT OF ALL DEBT ISSUED PURSUANT TO THIS QUESTION DOES NOT EXCEED THE MAXIMUM PRINCIPAL AMOUNT SET FORTH ABOVE, AND PROVIDED FURTHER THAT ALL DEBT ISSUED BY THE DISTRICT PURSUANT TO THIS QUESTION IS ISSUED ON TERMS THAT DO NOT EXCEED THE REPAYMENT COSTS AUTHORIZED IN THIS QUESTION?
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