Silver Falls School District No. 4J, General Obligation Bond Authorization

Question: Shall the District be authorized to issue general obligation bonds in an amount not exceeding $19,290,000? 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:

Make site improvements;

Complete construction and furnishing of high school within the District;

Remodel and upgrade elementary and secondary schools within the District; and

Pay bond issuance costs related thereto.

The Bonds will mature in 30 years or less.