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Fairborn Local School District Proposed Bond Issue

Fairborn Local School District Proposed Bond Issue And Tax Levy ----------------------------------------------------------------------------------------- Notice is hereby given that in pursuance of a Resolution of the of Fairborn Local School District, passed on, there will be submitted to a vote of the people at the General Election to be held at the regular places of voting on Tuesday, the 3rd day of November, 2020 the following question: Shall the Fairborn City School District be authorized to do the following: (1) Issue bonds for the purpose of constructing, renovating and improving school facilities in collaboration with the Ohio Facilities Construction Commission, including safety and security improvements; furnishing and equipping the same; improving the sites thereof, and acquiring land and interests in land in the principal amount of $58,275,000, to be repaid annually over a maximum period of 37 years, and levy a property tax outside the ten-mill limitation, estimated by the county auditor to average over the bond repayment period 4.0 mills for each one dollar of tax valuation, which amounts to $0.40 for each $100 of tax valuation, to pay the annual debt charges on the bonds, and to pay debt charges on any notes issued in anticipation of those bonds? (2) Levy an additional property tax to provide funds for the acquisition, construction, enlargement, renovation, and financing of permanent improvements at a rate not exceeding 1.83 mills for each one dollar of tax valuation, which amounts to $0.183 for each$100 of tax valuation, for a continuing period of time? ----------------------------------------------------------------------------------------- Precincts affected: MR - 1 split 2 only ----------------------------------------------------------------------------------------- Run dates: October 23 & 30, 2020
October 23, 2020
November 3, 2020
November 3, 2020 8:05pm