Question: Shall the District be authorized to issue general obligation bonds in an amount not exceeding $1,350,000? 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, bond funds would be used to:

Construct a new connecting road from Hoffman Road in Monmouth to 16th Street near Talmadge Middle School to give access to the new District School to be constructed in Monmouth. The proceeds will be used to pay for road improvements such as culverts or bridges, other than the road itself. The connecting road will meet all requirements for a city street in Monmouth, which includes sidewalks and lighting.

Pay issuance cost, and other bond costs.

The bonds will mature in 20 years or less.