Ballot Issue 3B - Mapleton Public School Debt Increase

SHALL ADAMS COUNTY SCHOOL DISTRICT NO. 1 (MAPLETON PUBLIC SCHOOLS) DEBT BE INCREASED BY $150 MILLION, WITH A REPAYMENT COST OF UP TO $256 MILLION, AND SHALL DISTRICT TAXES BE INCREASED UP TO $11.9 MILLION ANNUALLY, WITH THE PROCEEDS OF SUCH DEBT TO BE USED, TOGETHER WITH ANY FINANCIAL ASSISTANCE FROM THE STATE UNDER THE BUILDING EXCELLENT SCHOOLS TODAY ACT ("BEST") OR OTHER GRANT PROGRAMS, FOR THE FOLLOWING PURPOSE WHICH MAY INCLUDE BUT ARE NOT LIMITED TO: - ACQUIRE, CONSTRUCT AND EQUIP A NEW SCHOOL FACILITY FOR ADVENTURE ELEMENTARY (PREVIOUSLY KNOWN AS WESTERN HILLS ELEMENTARY) WHICH HAS BEEN APPROVED AS A "BEST" PROJECT; - RENOVATE AND CONSTRUCT ADDITIONS TOWELBY COMMUNITY SCHOOL, VALLEY VIEW K- 8, MONTEREY COMMUNITYSCHOOL, MEADOW COMMUNITY SCHOOL AND ACHIEVE ACADEMY (PREVIOUSLY KNOWN AS BERTHA HEID ELEMENTARY) TO INCLUDE ADDITIONAL CLASSROOMS, GYMS, LIBRARIES, AND ART/MUSIC SPACES AS WELL AS ENHANCE SAFETY AND SECURITY, REMODEL RESTROOMS, AND UPGRADE NECESSARY SYSTEMS; HOWEVER, SUBJECT TO "BEST" FUNDING, REPLACE VALLEY VIEW, MONTEREY AND/OR ACHIEVE SCHOOL BUILDINGS; - ACQUIRE, CONSTRUCT AND EQUIP NEW SCHOOL FACILITIES FOR GLOBAL CAMPUS (PREVIOUSLY KNOWN AS JOHN DEWEY JUNIOR HIGH SCHOOL) TO ACCOMMODATE STUDENTS IN PRESCHOOL THROUGH 12TH GRADES AND A CAREER TECHNOLOGY CENTER; - ACQUIRE, CONSTRUCT AND EQUIP A NEW SCHOOL FACILITY NEAR 104TH AVENUE AND YORK STREET FOR EXPLORE ELEMENTARY TO ACCOMMODATE FOR GROWTH AND A PROGRAM CHANGE FROM PK-6 TO PK-8; - REMODEL AND UPGRADE EXISTING EXPLORE ELEMENTARY SCHOOL BUILDING ON CLAYTON STREET TO BECOME A DISTRICT-WIDE PRESCHOOL CENTER; - REMODEL AUXILIARY GYM AND IMPROVE PARKING AND LANDSCAPING AT SKYVIEW CAMPUS; - REMODEL DESIGN TECHNOLOGY CLASSROOM/SPACE AT YORK INTERNATIONAL K- 12; - CONSTRUCT, ACQUIRE AND EQUIP A PK-8 TWO STORY SCHOOL BUILDING IN THE MIDTOWN NEIGHBORHOOD TO ACCOMMODATE GROWTH; SUCH DEBT TO BE EVIDENCED BY THE ISSUANCE OF GENERAL OBLIGATION BONDS OR OTHER MULTIPLE FISCAL YEAR FINANCIAL OBLIGATIONS WHICH MAY BE SOLD FROM TIME TO TIME TO INVESTORS OR ISSUED TO THE STATE TREASURER UNDER THE "BEST" PROGRAM IN AN AGGREGATE AMOUNT NOT TO EXCEED THE MAXIMUM AUTHORIZED PRINCIPAL AMOUNT AND REPAYMENT COST, ON TERMS AND CONDITIONS AS THE DISTRICT MAY DETERMINE, INCLUDING PROVISIONS FOR REDEMPTION OF THE BONDS PRIOR TO MATURITY WITH OR WITHOUT PAYMENT OF THE PREMIUM NOT TO EXCEED 1%; AND SHALL THE MILL LEVY BE INCREASED IN ANY YEAR WITHOUT LIMITATION AS TO RATE (PROVIDED THAT SUCH RATE SHALL NOT PRODUCE REVENUE IN EXCESS OF $11.9 MILLION ANNUALLY AS SET FORTH ABOVE), WHICH AMOUNT SHALL BE SUFFICIENT TO PAY THE PRINCIPAL OF AND PREMIUM, IF ANY, AND INTEREST ON SUCH DEBT OR ANY REFUNDING DEBT WHEN DUE; THE AUTHORITY FOR SUCH TAX AND MILL LEVY INCREASE TO TERMINATE WHEN THE DEBT OR REFUNDING DEBT IS PAID; AND SHALL THE DISTRICT'S DEBT LIMIT BE INCREASED FROM AN AMOUNT EQUAL TO 20% OF THE DISTRICT'S ASSESSED VALUE TO AN AMOUNT EQUAL TO 6% OF THE DISTRICT'S ACTUAL VALUE, EACH AS CERTIFIED BY THE COUNTY ASSESSOR OF ADAMS COUNTY?