Klamath County School District Bond Issue, Measure 18-91 (May 2013)
This measure authorized the Klamath County School District to increase its debt by $31 million through issuing general obligation bonds in that amount in order to fund the improvement projects described below in the Summary under the Text of measure section. The estimated property tax rate needed to repay these bonds in the required 20 years is $0.53 per $1,000 of assessed valuation.
- ‘’These results are from the Klamath County elections office.’’
Text of measure
Question on the ballot:
Shall Klamath County School District be authorized to issue general obligation bonds not exceeding $31,000,000 i with citizen oversight? If the bonds are approved, they will be payable from taxes on property or property ownership that are not subject to the limits of sections 11 and 11 b, Article XI of the Oregon Constitution.
If approved, this measure would fund capital costs and bond issuance costs. Specifically, bond proceeds would be used to:
• Construct, furnish and equip a new Henley Elementary School, including site improvements and new bus loading area. Relocate
existing modular buildings to other District locations.
Bonds would mature twenty (20) years or less from issuance and may be issued in one or more series. Estimated yearly property tax rate is $0.53 per $1,000 of assessed value. Actual rate may vary depending upon interest rates, assessed value growth, and other factors. Citizen oversight committee would ensure funds are used as intended.
- Klamath County Measures List
- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
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