Wellington Village School District bond issue and tax levy, 2009
The Wellington Village School District bond issue and tax levy was on the February 3, 2009 ballot in Lorain County for voters in the Wellington Village School District. The levy was defeated by voters.
The question facing voters was:
- Issue bonds for the purpose of constructing, furnishing, equipping, adding to, renovating, remodeling, rehabilitating, and improving School District buildings and facilities, and clearing, improving and equipping real estate for school purposes, including constructing, furnishing and equipping a new K-12 school building, a new auditorium, and a new stadium in the principal amount of $26,741,217, to be repaid annually over a maximum period of 27 years, and levy a property tax outside the ten-mill limitation, estimated by the County Auditor to average over the bond repayment period 8.48 mills for each one dollar of tax valuation, which amounts to 84.8 cents for each one hundred dollars of tax valuation, to pay the annual debt charges on the bonds, and to pay debt charges on any notes issued in anticipation of those bonds?
- Levy an additional property tax to provide for funds for the acquisition, construction, enlargement, renovation, and financing of general permanent improvements at a rate not exceeding 0.5 mill for each one dollar of tax valuation, which amounts to 5 cents for each one hundred dollars of tax valuation, for a continuing period of time?
Voters rejected a similar measure on the November 4, 2008 ballot by 30 votes.
The measure, would cost homeowners $275 a year per $100,000 of market value. The $26.7 million of new money brought in over 27 years would pay the majority of a $47 million construction bill for a complex that would include:
- A new kindergarten-grade 12 building.
- A stadium
- An auditorium.
- Operating funds to operate the new buildings.
The Ohio School Facilities Commission would contribute the rest of the money if the district raises its share by August
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