Referred To The People By The District Board

Cascade School District No. 5, General Obligation Bond Authorization.

Question: Shall the District be authorized to issue general obligation bonds in a principal amount not exceeding $19,500,000? 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: This measure may be passed only at an election with at least a 50 percent voter turnout.

The Bonds would finance capital construction and capital improvements to District facilities, including, but not limited to, providing funds to:

• construct, equip and furnish a new elementary school and related site improvements in Aumsville for approximately 400 to 450 students;

• construct, equip and furnish up to 4 new classrooms at Turner Elementary School;

• construct, equip and furnish 9 to 11 new classrooms, a new parking lot, gymnasium, stadium and related athletic fields, and auditorium of approximately 500 to 700 seats, at Cascade Senior High School;

• construct and equip a new sewage system for the Cascade Junior High School and Cascade Senior High School Campus;

• pay bond issuance costs.

Upon completion of the above purposes, the District may use any remaining bond proceeds for any capital project.

The District has experienced continuous population growth over the last three years causing overcrowded classrooms. The Bonds would fund projects to address overcrowded classrooms and prepare the District for projected student growth.