Ballot Isue 3B - Bayfield School Disrict Debt and Tax raising

SHALL THOMPSON SCHOOL DISTRICT R2-J'S DEBT BE INCREASED $288 MILLION WITH A REPAYMENT COST OF $535.5 MILLION OR SUCH LESSER AMOUNT AS MAY BE NECESSARY, AND SHALL THOMPSON SCHOOL DISTRICT R2-J'S TAXES BE INCREASED $26.7 MILLION ANNUALLY OR SUCH LESSER AMOUNT AS MAY BE NECESSARY FOR THE PAYMENT OF SUCH DEBT, ALL FOR THE PURPOSE OF PROVIDING INFRASTRUCTURE FOR DISTRICT STUDENTS TO DEVELOP THE NECESSARY SKILLS TO COMPETE FOR THE JOBS OF THE FUTURE BY: "¢ UPGRADING SCHOOL BUILDING SAFETY, SECURITY AND FIRE ALARM SYSTEMS; "¢ EXTENDING THE USEFUL LIFE OF AGING SCHOOL BUILDINGS BY REPLACING, REPAIRING, AND UPGRADING HEATING, VENTILATION AND COOLING SYSTEMS AND MECHANICAL CONTROLS, PLUMBING, ROOFS, WINDOWS AND DOORS, REMOVING ASBESTOS AND MAKING BUILDING EXTERIOR IMPROVEMENTS; "¢ CONSTRUCTING, FURNISHING AND EQUIPPING A NEW HIGH SCHOOL AND A NEW K-8 SCHOOL, AND SCHOOL ADDITIONS AND FACILITIES, INCLUDING ADDITIONS TO BERTHOUD HIGH SCHOOL AND BERTHOUD ELEMENTARY SCHOOL AND THOMPSON VALLEY HIGH SCHOOL; "¢ RENOVATING AND REMODELING BILL REED MIDDLE SCHOOL AND THOMPSON VALLEY HIGH SCHOOL AND REMODELING THE EXISTING LOVELAND HIGH SCHOOL TO A K-8 SCHOOL; AND ALSO IMPROVING, CONSTRUCTING, EXPANDING, REPAIRING, REMODELING, EQUIPPING AND FURNISHING DISTRICT AND CHARTER SCHOOL BUILDINGS, ADDITIONS, FACILITIES AND GROUNDS; 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, WITH THE LIMITATION ON THE AMOUNT OF THE DISTRICT'S DEBT TO BE INCREASED UP TO 6% OF THE ACTUAL VALUE OF THE TAXABLE PROPERTY IN THE DISTRICT AS ALLOWED BY §22-42-104(1)(b), C.R.S.; AND IN CONNECTION THEREWITH (I) TO INCREASE THE DISTRICT'S 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?