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Lopez Island School District Bond Measure (February 2012)

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A Lopez Island School District Bond Measure was on the February 14, 2012 ballot in the Lopez Island school district area which is in San Juan County.

This measure was approved

  • YES 705 (73.13%)Approveda
  • NO 259 (26.87%)[1]

This measure sought to issue a bond in the amount of $1 million in order to pay for a new sprinkler system in the elementary school building as well as make further upgrades to the heating and ventilation system in the school.[2]

Text of measure

The question on the ballot:

This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.

The District’s Board of Directors adopted Resolution No. 4:2011-2012 regarding its proposal to issue bonds to finance capital improvements and other expenses. This measure provides for the issuance of $1,000,000 of General Obligation Bonds, maturing with a maximum term of 20 years, and to levy an annual property tax to pay and retire the bonds. The proceeds will repay an outstanding loan obligation which financed a new fire sprinkler system in the elementary school and an upgraded HVAC system for the District, as per the Resolution.

Additional reading

References