On November 7, voters will be asked to approve two different measures related to our bond. The first question will ask that the school district be able to borrow the $90 million. The second will ask if the school district can raise the levy up to $4.05. As previously stated, this is common language and current estimations are that the actual levy will be $3.60.
Below is the actual language you will see on the ballot:
That an election is called of the qualified electors of the Lewis Central Community School District in the Counties of Pottawattamie and Mills, State of Iowa, on Tuesday, November 7, 2023. The following Proposition is approved, and the Secretary is authorized and directed to submit and file the Proposition for the Ballot with the Pottawattamie County Commissioner of Elections no later than 12:00 noon on the day following the last day on which nomination petitions can be filed.
Shall the Board of Directors of the Lewis Central Community School District in the Counties of Pottawattamie and Mills, State of Iowa, be authorized to contract indebtedness and issue General Obligation Bonds in an amount not to exceed $90,000,000 to provide funds to build, furnish and equip an elementary facility, including an early childhood center, and improve the site therefore; to build, furnish and equip an addition to and remodel, repair, improve, furnish, and equip the existing Middle School facility, including related site improvements; and to remodel, repair, improve, furnish, and equip the existing High School, Titan Hill, and Kreft facilities, including improvements to the sites therefore?
Because it is necessary to approve a tax levy for the payment of principal and interest on the above Proposition, the following question also will be submitted to the qualified electors at the special election held on Tuesday, November 7, 2023:
Shall the Board of Directors of the Lewis Central Community School District in the Counties of Pottawattamie and Mills, State of Iowa, be authorized to levy annually a tax exceeding Two Dollars and Seventy Cents ($2.70) per Thousand Dollars ($1,000), but not exceeding Four Dollars and Five Cents ($4.05) per Thousand Dollars ($1,000) of the assessed value of the taxable property within said school corporation to pay the principal of and interest on bonded indebtedness of said school corporation, it being understood that the approval of this proposition shall not limit the source of payment of the bonds and interest, but shall only operate to restrict the amount of bonds which may be issued?