NOTICE OF MEASURE ELECTION
NOTICE IS HEREBY GIVEN that the Reynolds School District board has referred the following amended measure to voters in the Reynolds School District at the 5/19/2015 Special Election. Any registered voter dissatisfied with the ballot title may file a petition with the Multnomah County Circuit Court for review on or before 5:00 PM, 3/26/2015. Any person filing a challenge must also file a copy of the challenge with the Director of Elections, 1040 SE Morrison St., Portland, by the end of the next business day after the petition is filed with the Circuit Court.
Measure #26-164
Caption: Bonds to replace and upgrade schools, security and technology improvements
Question: Shall Reynolds School District replace schools, add classrooms, make technology and security improvements by issuing $125,000,000 in general obligation bonds? 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 provide funds for capital construction and improvements to schools and pay bond issuance costs, specifically:
- Constructing, furnishing and equipping new elementary school buildings on their present sites of Fairview, Troutdale and Wilkes, including demolition and related site improvements.
- Construction, renovation, furnishing and equipping the high school including but not limited to new classrooms, modernization of science classrooms and labs, student common areas and related site improvements.
- Improvements to all schools through renovation, construction and equipment to create safe and secure vestibule entry ways and related site improvements.
- Paying bond issuance costs.
Bonds would mature in a period not to exceed twenty-one years. The overall tax rate is not intended to increase over the 2014 rate of $1.56 per $1,000 of assessed property value or $156 annually for a home with an assessed value of $100,000. Actual rates paid may differ due to changes in interest rates and/or assessed value from assumptions.
The District would establish a citizen oversight committee to ensure bond proceeds are only used for purposes indicated.
Tim Scott, Director of Elections
Multnomah County