Salem-Keizer School District No. 24J, General Obligation Bond Authorization

Question: Shall the District be authorized to issue general obligation bonds in an amount not exceeding $177,100,000? 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: If approved, this measure provides funds to the District to finance the costs of capital construction and capital improvements, including, but not limited to, providing funds to:

Acquire land and make site improvements;

Construct and furnish a 1600-student high school in the West Salem area;

Construct and furnish a 925-student middle school in the Keizer/Northeast Salem area;

Construct and furnish elementary schools within the District;

Upgrade wiring, electrical and cables to operate necessary instructional technology within the District;

Modernize classrooms and instructional areas and safety and security improvements to District facilities;

Improve school safety by realigning office and corridor configurations to improve supervision, add security fencing, student lockers and bleachers;

Make improvements required by the Americans With Disabilities Act, and fire and safety code mandates;

Provide for short-term overcrowding solutions; and

Pay bond issuance costs related thereto.

The Bonds will mature in 30 years or less.