Notice of Bond Election

April 3, 2024

(First published in the Greeley County Republican on April 3, 2024,

and subsequently on April 10, 2024

 

NOTICE OF BOND ELECTION

UNIFIED SCHOOL DISTRICT NO. 200,

GREELEY COUNTY, KANSAS (GREELEY COUNTY SCHOOLS)

The Board of Education of Unified School District No. 200, Greeley County, Kansas (Greeley County Schools) (the “District”), has heretofore, pursuant to resolution duly adopted, declared it advisable to make and finance certain improvements to District facilities pursuant to the provisions of K.S.A. 10101 et seq., K.S.A. 252018(f), K.S.A. 725457, and K.S.A. 725458 et seq.  Notice is hereby given to the qualified electors of the District that a bond election has been called and will be held on May 21, 2024, for the purpose of submitting to the qualified electors of the District the following proposition:

Shall the following be adopted?

Shall Unified School District No. 200, Greeley County, Kansas (Greeley County Schools) (the “District”) be authorized to issue general obligation bonds in an amount not to exceed $4,600,000 (the “Bonds”) to pay the costs to:  (a) construct, furnish, equip and acquire improvements, additions and renovations to the District’s Elementary and Junior/Senior High School facility, including safety and security improvements, playground improvements, locker room additions and renovations, a gymnasium addition, and ADA improvements, (b) construct, furnish, equip and acquire other necessary renovations and improvements to District facilities; (c) make all other necessary improvements appurtenant thereto (collectively the “Project”); and (d) pay costs of issuance and interest on the Bonds during construction of the Project, all pursuant to the provisions of K.S.A. 10101 et seq., K.S.A. 25-2018(f), K.S.A. 72-5457, and K.S.A. 72-5458 et seq.?

To vote in favor of any question submitted on this ballot, press the word “Yes” on the voting machine or completely darken the oval to the left of the word “Yes” on the paper ballot.  To vote against it, press the word “No” on the voting machine or completely darken the oval to the left of the word “No” on the paper ballot.

 YES

 NO

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The polls will open at 7:00 o’clock A.M. and will close at 7:00 o’clock P.M., on May 21, 2024, the election day.  The voting places in the District, and the area each voting place will serve, will be as follows:  

Voters Residing In

Greeley County, Tribune City & Horace

Will Vote At
Location

Greeley County Courthouse
616 Second Street

Tribune, Kansas  67879

 

The election will be conducted by the officers and/or persons provided by law for holding elections, and the method of voting will be by ballot.  Registered voters are eligible to vote by advance voting ballot upon application to the County Clerk at the address set forth below pursuant to K.S.A. 251117 et seq.

 

ADDITIONAL INFORMATION

 

The Capital Improvement Fund (“CIF”) has been established in the treasury of the State of Kansas to assist school districts with making principal and interest payments on voted general obligation bond issues.  The amount of CIF funding each school district receives is based on a formula prescribed by statute and implemented by the State Board of Education (“Bond State Aid”).  Based on the current formula, the District expects to receive Bond State Aid in the approximate amount set forth below to assist with making the principal and interest payments on the Bonds.  No assurance can be given that Bond State Aid will continue at this or any amount in future years.

 

The following additional information is provided by the District with respect to compliance with the provisions of K.S.A. 10-120a and K.S.A. 12-6,122.  This information has been obtained from sources deemed reliable by the District.  Certain portions of this information are based upon projections.  No assurances can be given that these projections will be accurate as of the date of issuance of the Bonds due to changing market conditions, any changes in assessed valuation of the District, changes in the amount of state financial aid received by the District and other matters unknown or unavailable at this time.  The projected rates of property taxation to be used to pay the principal of and interest on the Bonds are based upon the current assessed valuation of the District, the assumed principal repayment schedule and the average interest rates from recent bond issues for similar types of financings and the current level of Bond State Aid the District would receive with respect to the Bonds, all as shown below.