Bainbridge Island School District General Obligations Bond (November 2009)
The measure was approved.
The Board of Directors of the Bainbridge Island School District want an obligation bond to be created from an increase in property taxes in the area. This bond will go to help the schools within the district by improving heating, security, safety, improve energy efficiency and also replace the Wilkes Elementary School completely. The bond will be in the amount of $42,000,000 and will mature within a 20 year time.
The ballot read:
"General Obligation Bonds – $42,000,000 The Board of Directors of Bainbridge Island School District No. 303 approved Resolution 14- 08-09 concerning a proposition to finance school renovations and improvements. If approved, this proposition will authorize the District to renovate and upgrade school buildings including roofs, heating systems, classroom equipment, safety and security systems; improve energy conservation; replace Wilkes Elementary School and complete other capital improvements to District facilities; to issue $42,000,000 of general obligation bonds maturing within 20 years; and to levy additional property taxes annually to repay the bonds, as described in Resolution 14-08- 09. Should this proposition be:"