The board voted unanimously to support the issuance of approximately $5.8 M School Infrastructure Sales Service and Use Tax Revenue Bonds. These are the funds that will be used to support the work in the renovated portion of the plan.
Additionally, the Board received the petition to order an election of the issuance of $14.7 M of general obligation school bonds. There were 243 signatures included on the petition that will need to be validated by Page County. However, only 111 signatures were required for the petition to be filed.
The Board approved ordering the election for this purpose on a 4 to 1 vote. Mr. Anderson shared his concerns about the facility proposal and exercised his right to vote.
Mr. Anderson tendered his resignation at the end of the board meeting which creates a vacancy on the School Board. The Board took action to accept his resignation on Wednesday and will appoint a replacement to complete the term that expires in November.
How was the plan developed?
An extensive facility study completed by the DLR Group started this process. Additionally, C.A. Nelson & Company Construction Management and a facility committee have been involved in the process. The Board visited school districts in Columbus, Nebraska and Maryville, Mo. They also toured Riverside Community School District's facility.
When will the vote occur?
Now that the petition has been received and the Board has voted on the resolution to order the election, the Board Secretary is able to file the documentation with Page County. The vote will occur on November 5.
What is being voted on?
The language of the ballot will include issuing general obligation bonds in an amount not to exceed $14.7 M to build, furnish, and equip gymnasium and career technical additions to the high school facility, including related remodeling and site improvements, and to improve, remodel, repair, furnish and equip the facility and site.
What does the plan look like?
What are the Financial Facts?
The financial facts page was prepared by Piper Jaffray out of Des Moines. The firm specializes in public finance investment banking.
What do the terms CTE, STEM, and SAVE stand for?
CTE: Career Techincal Education
STEM: Science Technology Engineering and Math
SAVE: Secure An Advance Vision for Education also known as Local Option Sales Tax
