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Notice of Election on Tax Levy in Excess

NOTICE OF ELECTION ON TAX LEVY IN EXCESS OF THE TEN MILL LIMITATION R.C. 3501.11(G), 5705.19, 5705.25 Notice is hereby given that in pursuance of a Resolution of the Board of Education of the Kings City School District, County of Warren, Ohio, passed on the 18th day of July 2019, 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 5th day of November, 2019, the question shall bonds be issued by the Board of Education of the Kings Local School District, for the purpose of site acquisition, new construction, improvements, renovations and additions to school facilities and providing equipment, furnishings and site improvements therefor, in the principal amount of $89,975,000 to be repaid annually over a maximum period of thirty-seven years, and an annual levy of property taxes be made outside the ten mill limitation, estimated by the county auditor to average over the repayment period of the bond issue 4.96 mills for each one dollar of tax valuation, which amounts to $0.496 for each one hundred dollars of tax valuation, to pay the annual debt charge on the bonds, commencing in 2019, first due in 2020, and to pay debt charges on any notes issued in anticipation of those bonds? The polls for the election will open at 6:30 a.m. and remain open until 7:30 p.m. on Election Day By order of the Board of Elections, of Warren County, Ohio. Jeff Monroe, Chairman Brian Sleeth, Director 10-27, 11-3/2019
October 27, 2019
November 26, 2019
November 26, 2019 8:05pm