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 Franklin City School District, passed on the 27th day of July, 2020 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 question shall bonds be issued by the Franklin City School District for the purpose of participating in the Ohio Facilities Construction Commission Expedited Local Partnership Program by raising the school district's portion of the basic project cost and additional funds required to participate in the program (including locally funded initiatives), by constructing a new grade 9-12 high school with career tech; and renovating the existing Franklin High School into a middle school to house grades 6-8; including site improvements, furniture, utilities, equipment and all necessary appurtenances, in the principal amount of $66,026,594, to be repaid annually over a maximum period of 37 years, and an annual levy of property taxes be made outside of the ten-mill limitation, estimated by the county auditor to average over the repayment period of the bond issue 6.52 mills for each one dollar of tax valuation, which amounts to $0.652 for each one hundred dollars of tax valuation, commencing in 2020, first due in calendar year 2021, to pay the annual debt charges on the bonds, 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 10-25, 11-1/2020