Crook County School District Elementary School Bond Issue, Measure 7-61 (May 2013)

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A Crook County School District Elementary School Bond Issue measure was narrowly approved on the May 21, 2013, election ballot in Crook and Deschutes Counties, which are in Oregon.

This measure authorized the Crook County School District to increase its debt by $33.5 million through issuing general obligation bonds in that amount in order to fund the improvement and construction projects described below in the Summary under the Text of measure section. These bonds would mature in 26 years or less.[1]

Election results

Measure 7-61
County: ApprovedaYes No
Votes  % Votes  %
Crook County 2401 51.82% 2232 48.18%
Deschutes County 3 30% 7 70%
Totals: 2404 51.78% 2239 48.22%
These election results are from the Crook County elections office and the Deschutes County elections office.

Text of measure

Question on the ballot:

Shall the District issue $33,500,000 general obligation bonds for a new elementary school and to improve school facilities? 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 11b, Article XI of the Oregon Constitution.[1][2]

Summary:

Voter approval of bonds would finance costs of capital construction and capital improvements to District facilities, including:

 acquiring land for construction of new elementary school;
 constructing, equipping and furnishing new elementary school and related improvements;
 finance capital improvements to aging school facilities; and
 pay bond issuance costs.
Upon the expenditure of bond proceeds for the above listed purposes and projects, the District may use any remaining bond proceeds for any capital projects of the District. The District’s two existing elementary schools built in 1937 and 1950 are in need of extensive repairs. Construction of a new larger school is more cost effective than repairing existing schools. Additionally, certain school facilities need Americans with Disabilities Act (ADA) accessibility, electrical, fire and safety improvements, instructional improvements, plumbing and mechanical repairs and building site, interior and exterior improvements. Approval of the Bonds will address these issues and provide a safer learning environment.

Bonds may be issued in one or more series and will mature within 26 years or less from their issuance date.[1][2]

See also

External links

References

  1. 1.0 1.1 1.2 Crook County May 21, 2013 Voter’s Guide
  2. 2.0 2.1 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.