Ballot Issue 3F - Weld County School District Debt Increase

SHALL WELD COUNTY SCHOOL DISTRICT RE-3(J)'S DEBT BE INCREASED $61 MILLION WITH A REPAYMENT COST OF $98.9 MILLION OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, AND SHALL WELD COUNTY SCHOOL DISTRICT RE-3(J)'S TAXES BE INCREASED $6.6 MILLION ANNUALLY OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PAYMENT OF SUCH DEBT, ALL FOR THE FOLLOWING PURPOSES: "¢ UPGRADING SAFETY AND SECURITY IN SCHOOL BUILDINGS; "¢ IMPROVING SCHOOL BUILDINGS BY REPAIRING AND/OR REPLACING OUTDATED LIGHTING, PLUMBING, ELECTRICAL, HEATING AND COOLING SYSTEMS AND ROOFS TO REDUCE ENERGY COSTS, EXTEND THE LIFE OF EXISTING BUILDINGS, AND REDUCE COSTLY EMERGENCY REPAIRS; "¢ IMPROVING INSTRUCTIONAL SPACES TO ENHANCE SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) INSTRUCTION AND PROVIDE EARLY CHILDHOOD AND FULL-DAY KINDERGARTEN SPACES; "¢ CONSTRUCTING, FURNISHING AND EQUIPPING A NEW ELEMENTARY SCHOOL IN LOCHBUIE, REBUILDING, RENOVATING, FURNISHING AND EQUIPPING HUDSON ACADEMY OF ARTS & SCIENCE, AND CONSTRUCTING AND EQUIPPING A NEW TRANSPORTATION FACILITY IN KEENESBURG TO IMPROVE SAFETY AND EFFICIENCY; "¢ MAKING PAVING AND CONCRETE REPAIRS DISTRICT-WIDE AND IMPROVING PLAYGROUNDS AT ELEMENTARY SCHOOLS; AND ALSO ACQUIRING, PURCHASING, CONSTRUCTING, EQUIPPING, IMPROVING, EXPANDING, REPAIRING, REMODELING AND FURNISHING DISTRICT BUILDINGS, FACILITIES AND GROUNDS AND SUPPORTING CHARTER SCHOOL CAPITAL CONSTRUCTION AT CARDINAL COMMUNITY ACADEMY; WITH THE EXPENDITURE OF THE PROCEEDS OF SUCH DEBT TO BE REVIEWED BY THE DISTRICT ACCOUNTABILITY COMMITTEE AND TO BE SUBJECT TO AN ANNUAL INDEPENDENT AUDIT TO BE PUBLISHED ON THE DISTRICT'S WEBSITE; AND WITH SUCH DEBT TO MATURE, BE SUBJECT TO REDEMPTION, WITH OR WITHOUT PREMIUM, AND BE ISSUED, DATED AND SOLD AT, ABOVE OR BELOW PAR, AND AT SUCH TIME OR TIMES AND IN SUCH MANNER AND CONTAINING SUCH TERMS, NOT INCONSISTENT HEREWITH, AS THE BOARD OF EDUCATION MAY DETERMINE; AND IN CONNECTION THEREWITH (I) TO INCREASE THE DISTRICT'S AD VALOREM PROPERTY TAXES IN ANY YEAR AS STATED ABOVE IN AN AMOUNT SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON SUCH DEBT WHEN DUE AND TO FUND ANY RESERVES FOR THE PAYMENT THEREOF, AND (II) TO COLLECT AND SPEND THE PROCEEDS OF SUCH DEBT AND THE REVENUES FROM SUCH TAXES AND THE SPECIFIC OWNERSHIP TAXES ATTRIBUTABLE THERETO AND ANY EARNINGS FROM THE INVESTMENT OF SUCH PROCEEDS AND REVENUES AS A VOTER APPROVED REVENUE AND SPENDING CHANGE WITHOUT LIMITATION BY THE REVENUE AND SPENDING LIMITS OF, AND WITHOUT AFFECTING THE DISTRICT'S ABILITY TO COLLECT AND SPEND ANY OTHER REVENUES OR FUNDS UNDER, ARTICLE X, SECTION 20 OF THE COLORADO CONSTITUTION OR ANY OTHER LAW?