Jefferson County School Bond Measure (November 2012)
This measure sought to issue a bond in the amount of $99 million in order to help pay for capital improvement projects in the school district including repairs and renovations to current facilities.
|Question 3B-Jefferson County School Bond|
Election results from Jefferson County Current 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 JEFFERSON COUNTY SCHOOL DISTRICT R-1’S DEBT BE INCREASED $99 MILLION WITH A MAXIMUM REPAYMENT COST OF $195 MILLION OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, AND SHALL JEFFERSON COUNTY SCHOOL DISTRICT R-1’S TAXES BE INCREASED $19.8 MILLION ANNUALLY OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PAYMENT OF SUCH DEBT, ALL FOR THE FOLLOWING PURPOSES:
• INSTALLING, REPAIRING AND IMPROVING HEATING, VENTILATION AND AIR CONDITIONING SYSTEMS AND MECHANICAL CONTROLS, WITH A FOCUS ON ENERGY EFFICIENCY, IN DISTRICT BUILDINGS;
• RESTORING DISTRICT BUILDINGS BY REPLACING, REPAIRING AND INSTALLING ROOFS, WINDOWS AND DOORS AND MAKING BUILDING EXTERIOR IMPROVEMENTS;
• INSTALLING FIRE ALARM SYSTEM REPLACEMENTS AND UPGRADES IN DISTRICT BUILDINGS;
• REPLACING AND UPGRADING BUILDING SAFETY AND SECURITY SYSTEMS;
• REPLACING AND UPGRADING THE ELECTRICAL INFRASTRUCTURE IN DISTRICT BUILDINGS;
• MAKING PAVING AND CONCRETE REPAIRS DISTRICT-WIDE;
AND OTHERWISE EQUIPPING, IMPROVING, REPAIRING AND FURNISHING DISTRICT BUILDINGS, FACILITIES AND GROUNDS AND CHARTER SCHOOLS AS PERMITTED BY LAW; WITH SUCH DEBT TO BE IN THE FORM OF GENERAL OBLIGATION BONDS OR OTHER MULTIPLE FISCAL YEAR FINANCIAL OBLIGATIONS THAT MAY BE USED AS MATCHING MONEYS FOR FINANCIAL ASSISTANCE FROM THE STATE UNDER THE BUILDING EXCELLENT SCHOOLS TODAY ACT; WHICH DEBT SHALL MATURE, BE SUBJECT TO REDEMPTION, WITH OR WITHOUT PREMIUM, AND BE ISSUED, DATED AND SOLD AT, ABOVE OR BELOW PAR, AND AT SUCH TIME OR TIMES AND IN SUCH MANNER AND CONTAINING SUCH TERMS, NOT INCONSISTENT HEREWITH, AS THE BOARD OF EDUCATION MAY DETERMINE; AND IN CONNECTION THEREWITH (I) TO INCREASE AD VALOREM PROPERTY TAXES IN AN AMOUNT SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON SUCH DEBT AND TO FUND ANY RESERVES FOR THE PAYMENT THEREOF, AND (II) TO COLLECT AND SPEND THE PROCEEDS OF SUCH DEBT AND THE REVENUES FROM SUCH TAXES AND THE SPECIFIC OWNERSHIP TAXES ATTRIBUTABLE THERETO AND ANY EARNINGS FROM THE INVESTMENT OF SUCH PROCEEDS AND REVENUES WITHOUT LIMITATION BY THE REVENUE AND SPENDING LIMITATIONS OF, AND WITHOUT AFFECTING THE DISTRICT’S ABILITY TO COLLECT AND SPEND ANY OTHER REVENUES OR FUNDS UNDER, ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW?
The group Citizens for Jeffco Schools has given its support behind the measure, as has the West Chamber of Commerce board. Both groups stated that good schools encourage a healthy community and ensures that businesses stay in the county.
The Arvada City Council voted on July 19 to also give its support behind this measure, stating that the money would be used for the benefit of students which helps the greater community.