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Thursday, October 4, 2018

School Expansion Bond Election

September 25, 2018

Dear Rich County Resident:
On November 6, as part of the general election, there will be a chance for all registered voters to cast a vote for or against a proposed general obligation bond, promoted by the Rich Board of Education.  If the bond passes, the board intends to begin work on an important building project.  Included in this mailing is a tri-fold brochure, which details the proposed building project. 
The School Board wants to make every effort to ensure that the public is informed relative to the proposed project.  Therefore, they will be holding four community meetings as scheduled below:
               October 1, 2018                 Woodruff Town Hall                                                       6:00 p.m.
               October 15, 2018                              Garden City Offices/Lakeview Room                            6:00 p.m.
               October 22, 2018                              Rich High School Auditorium                                        6:00 p.m.
               October 29, 2018                              Rich Middle School                                                         6:00 p.m.
The public is invited to attend any or all of the scheduled meetings.  The meetings are designed to address any questions relative to the construction and financing of the project.


The board has approved a bond election resolution to hold a special bond election, at the upcoming general election, to authorize the issuance of up to $8,500,000 in general obligation bonds.  The table below shows the property tax increase required to pay the annual and monthly debt service associated with the cost of the bonds. As you can see, the table below illustrates property tax increase for primary homes (and property), secondary homes (property) and business properties.  The table uses 2017 property values and does not include future property value increases. 
On behalf of the Board, I invite and encourage you to attend at least one of the meetings.  Our goal is to inform the public and answer questions prior to the November 6 election.
Respectfully,

Dale Lamborn

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