General Bond Obligation - Weld County School District RE-5J Ballot Issue 5B

Shall Weld County School District RE-5J debt be increased $139.9 million, with a repayment cost of up to $253.4 million, and shall District taxes be increased by up to $10.2 million annually for the following purposes: · providing $25.1 million of matching money required to receive $8.3 million in an awarded State "BEST" grant (which is not required to be repaid) to construct a new elementary school on land given to the District by the Town of Johnstown to replace the existing Letford Elementary School; · constructing a new middle school and transportation center in Milliken; · acquiring lands for a future high school and constructing at this time a district stadium and athletics complex; · addressing safety and security through entryway and fire system upgrades and making improvements to Milliken Elementary School, Pioneer Ridge Elementary School, Milliken Middle School, and Roosevelt High School to extend their useful life, improve energy efficiency and enhance instructional and career pathways programming; and · providing $1.0 million for improvements to the knowledge Quest Academy Facility, and to the extent funds are available acquiring, constructing, renovating and repairing district capital assets and exercising lease purchase options, by the issuance and payment of general obligation bonds which shall bear interest, mature, be subject to redemption, with or without premium, and be issued at such time, at such price (at, above or below par) and in such manner and containing such terms, not inconsistent with this Ballot Issue, as the Board of Education may determine; shall ad valorem property taxes be levied without limit as to the mill rate not inconsistent with the cost parameters set forth above and in an amount sufficient in each year to pay the principal of, premium if any, and interest on such debt and to fund any reserves for the payment thereof; and shall the District's debt limit be established at 6% of the actual value of the District's taxable property to permit the issuance of such bonds?