North Royalton City School District Bond Measure (November 2012)
If approved, this measure would have authorized $54,300,000 in bonds and an additional 2.65 mills for each dollar of tax valuation (26.5 cents per $100 assessed valuation) for 35 years.
|No. Royalton City School Bond Issue|
Election results from Cuyahoga County, Current Election Results
Text of measure
Language on the ballot:
|“||Shall bonds be issued by the North Royalton City School District for the purpose of constructing, renovating, remodeling, rehabilitating, adding to, furnishing, equipping and otherwise improving buildings and facilities, and preparing, equipping and otherwise improving real estate and interests therein, for School District purposes in the principal amount of $54,300,000, to be repaid annually over a maximum period of 35 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 2.65 mills for each one dollar of tax valuation, which amounts to 26.5 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?||”|
- Cuyahoga County Elections, Issues List
- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
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