Lakeville School District Bond Measures, 2 (February 2012)
The first measure seeks to issue a bond in the amount of $7.5 million in order to pay for remodeling, equipping, updating security and renovate athletic fields in the district.
The second measure seeks to issue a bond in the amount of $4.1 million in order to pay for a new auditorium and remodel the site at the district high school.
If these measures are approved, the school district would also receive a loan from the state at a rate of $5 million which would help pay for the construction costs. A levy of 1.55 mills would be added to pay off both bonds. A similar measure was also proposed in May but was defeated, the previous question was just one total bond where as now the two projects have been separated into two issues. School officials hope that the lower rate will encourage residents to vote in favor of these measures.
School officials also hope that by splitting the bond into two parts would at least allow for one of the projects to get approved if not both.