Lake Oswego School District, Oregon, Bond Issue, Measure 3-515 (May 2017)
| Measure 3-515: Lake Oswego School District Bond Issue |
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| The basics |
| Election date: |
| May 16, 2017 |
| Status: |
 Approved
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| Topic: |
| Local school bonds Tax: $1.25 per $1,000 assessed property value Matures in: 26 years |
| Related articles |
| Local school bonds on the ballot May 16, 2017 ballot measures in Oregon Multnomah County, Oregon ballot measures Other counties |
| See also |
| Lake Oswego School District, Oregon |
A bond issue was on the ballot for Lake Oswego School District voters in Multnomah, Clackamas, and Washington counties, Oregon, on May 16, 2017. It was approved.
| A yes vote was a vote in favor of issuing $187 million in bonds to upgrade, construct, modernize, and improve safety and technology in Lake Oswego School District schools. |
| A no vote was a vote against issuing $187 million in bonds to upgrade, construct, modernize, and improve safety and technology in Lake Oswego School District schools. |
Election results
| Lake Oswego Measure 3-515 | ||||
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| Result | Votes | Percentage | ||
| Yes | 7,718 | 60.17% | ||
| No | 5,110 | 49.83% | ||
- Election results from Multnomah County Elections, Clackamas County Elections, and Washington County Elections
Text of measure
Ballot question
The following question appeared on the ballot:[1]
| “ |
CAPTION: Bonds for Improvements, Curriculum Support Facilities, Safety and Technology Upgrades QUESTION: Shall Lake Oswego School District issue general obligation bonds totaling $187,000,000 to upgrade, construct, modernize, and improve safety and technology? 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. SUMMARY: If approved this measure would finance capital costs, including projects that:
replace and upgrade deteriorating roofs, technology infrastructure, aging heating, ventilation and plumbing systems.
for programs such as engineering, science and technology for middle and high school students.
safety and security systems.
technology in classrooms, science labs and other facilities, including district pool.
school facilities; provide furnishings, equipment and site improvements.
Citizen accountability and oversight and annual audits of bond projects and expenditures will be required. The bonds may be issued in multiple series and each series may mature over no more than 26 years. Bond cost is estimated at approximately $1.25 per $1,000 of taxable assessed property value. For this measure, the cost for a median assessed value (AV) house of $340,000 in Lake Oswego would be approximately $425 per year.[2] |
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Explanatory statement
The following explanatory statement of the measure was prepared by the office of the Lake Oswego School District Board Chair:
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What The Lake Oswego School District has placed a construction bond on the May 2017 ballot. This bond would provide funds to make critical capital investments to all schools, improve earthquake resiliency, expand or upgrade Science, Technology, Engineering and Math (STEM) equipment or facilities and replace Lakeridge Junior High School, which has structural damage. How Lake Oswego School District’s Long Range Facilities Planning Committee (the “Committee”), comprised of community members, parents, students and staff reviewed a study of the condition of facilities across the district. The study found that 8 of 10 school buildings are in poor condition. Based on Guiding Principles established by the Committee, and a longterm vision, the Committee prioritized recommendations for buildings most in need of update and investment as well as specific needs for individual buildings. Guided by these recommendations, the Lake Oswego School Board recommends that bond funds be used to:
Replace and upgrade deteriorating roofs, walls, windows, paint, flooring, and technology infrastructure. Make energy improvements districtwide such as replacing old, inefficient and high maintenance plumbing, heating and ventilation systems.
major seismic issues including gym, roof and wall connections so schools can better withstand a major earthquake.
Provide instructional facility improvements including makerspace improvements
Upgrade technology and facilities to:
in science, technology, engineering and math (STEM) for elementary, middle and high school students.
education opportunities for high school students.
security upgrades districtwide, including automatic door locks, controlled entryways and security cameras. Improve access controls and structural issues to enhance overall student and staff safety.
LJHS. Why The Committee determined that the District’s facilities are in need of investment or replacement. Twelve facilities were built 50 or more years ago and some buildings are more than 60 years old. Although these buildings have been maintained, many need major capital investments to extend their useful life, enhance the instructional program, make them safer, and to better withstand a major earthquake. These bond projects were prioritized by parents, teachers, administrators and community members to address the highest priority needs at all schools and ensure safe and effective learning environments. How Much This bond would raise $187 million and is expected to cost approximately $1.25 per $1000 of assessed value annually over the bond term. For the median district home of $340,000, that is approximately $425 per year. The District placed this measure on the ballot now because it expects borrowing costs and construction costs to increase.[2] |
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| —Lake Oswego School District Board Chair[1] | ||
Path to the ballot
This measure was put on the ballot through a vote of the governing officials of Lake Oswego School District, Oregon.
Recent news
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See also
External links
Footnotes
- ↑ 1.0 1.1 Multnomah County Elections Division, "May Special District Election Voters' Pamphlet May 16, 2017," accessed May 12, 2017
- ↑ 2.0 2.1 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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