Strasburg School District 31J Ballot Issue 5A -

Shall Strasburg School District 31J debt be increased by $25 million, with a repayment cost of $49.2 million, and shall district taxes be increased $2.5 million annually, with the proceeds of such debt to be used for the purpose of providing capital assets for district purposes, including: improving safety and security by constructing additional service roads around school campus to address increased traffic flow due to growth; addressing overcrowding by adding additional classrooms to the elementary school; addressing the health, safety, security, and educational issues at the elementary school by renovating and remodeling such facility to include removing temporary walls and building a gymnasium; addressing the health, safety, security, and educational issues at the high school by renovating and remodeling such facility to include the addition of a food service area, updating bathrooms to meet health codes, converting the non-ADA accessible gym into an auditorium, and providing improvements to bleachers and providing pedestrian access and sidewalk improvements at the football and practice field areas; constructing emergency egress and pathways and improving access to outside learning spaces at the middle school facility; and shall the mill levy be increased in any year without limitation as to rate, which amount shall be sufficient to pay the principal of and premium, if any, and interest on such debt or any refunding debt when due; the authority for such tax and mill levy increase to terminate when the debt or refunding debt is paid; such debt to be evidenced by the issuance of general obligation bonds or other multiple fiscal year financial obligations which may be sold from time to time to investors in an aggregate amount not to exceed the maximum authorized principal amount and repayment cost, on terms and conditions as the district may determine, including provisions for redemption of the bonds prior to maturity with or without payment of a prior redemption premium of not to exceed 3%; and shall the District's debt limit be increased from an amount equal to 20% of the District's assessed value to an amount equal to 6% of the District's actual value, as certified by the county assessors of Adams and Arapahoe Counties?