Bay Village School District Bond Measure (November 2012)
This measure authorized the issue of bonds in the amount of $16.8 million, adding to the school levy by a rate of 1.96 mills in order to help pay for repair projects on school facilities in the district. Proposed upgrades include ventilation and boiler replacement as well as general facility upgrades as needed.
|Bay Village School Bond Measure|
Election results from Cuyahoga County, Current Election Results
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 bonds be issued by the Bay Village City School District for the purpose of constructing, renovating, remodeling, adding to, furnishing, equipping and otherwise improving school district buildings and facilities and clearing and improving their sites in the principal amount of $16,800,000, to be repaid annually over a maximum period of 25 years, and an annual levy of property taxes be made outside the ten-mill limitation, estimated by the County Fiscal Officer to average over the repayment period of the bond issue 1.96 mills for each one dollar of tax valuation, which amounts to 19.6 cents for each one hundred dollars of tax valuation, commencing in 2012, first due in calendar year 2013, to pay the annual debt charges on the bonds, and to pay debt charges on any notes issued in anticipation of those bonds?||”|
- Sun News, "Bay Village schools place bond issue on fall ballot," July 16, 2012
- http://boe.cuyahogacounty.us/pdf_boe/en-US/2012/IssuesList11062012.pdf Cuyahoga County Elections, Issues List]
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