E-SPLOST - Hall County Special-purpose Local-option Sales Tax

Shall a one percent sales and use tax for educational purposes be continued in Hall County for a period of time not to exceed five years, beginning with the calendar quarter following the calendar quarter in which the sales and use tax for educational purposes presently in effect expires, and for the raising of not more than $250,000,000 to be distributed between the Hall County School District, the City of Gainesville School District, and the City of Buford School District and adjusted due to applicable student enrollments of the School Districts, as provided in the Georgia Constitution, with the sales and use taxes to be used for the following purposes: For the Hall County School District, for the purpose of (i) acquiring, constructing and equipping new schools, fine arts facilities, physical education facilities, sports facilities, other student activity facilities and other school system facilities, acquiring and conducting site preparation of real estate for current and future school district purposes, constructing and equipping additional classrooms and instructional and support space, remodeling, renovating and equipping classrooms, instructional and support space, and other school district facilities at existing school system facilities, including but not limited to roofing, HVAC, security and emergency alarm systems, flooring, plumbing and electrical capacity, acquiring furnishings, equipment and fixtures for new and existing facilities system-wide, including technology equipment and infrastructure, band instruments, textbooks, library books and school buses, with the estimated cost of such projects to be financed from funds raised by the Sales Tax being $189,533,176 (net of Sales Tax funds used to pay general obligation bonds and adjusted due to applicable student enrollments of the School Districts); (ii) paying a portion of the purchase price payments due on that certain Contract between the Hall County School District and the Gainesville and Hall County Development Authority, dated as of November 1, 2007, with a maximum payment amount of $145,996; (iii) paying of a portion of the purchase price payments due on that certain Installment Sale Agreement between the Hall County School District and the Gainesville and Hall County Development Authority, dated as of September 1, 2010, with a maximum payment amount of $870,828; and (iv) paying a portion of the debt service on the general obligation bonds of the Hall County School District to be issued in 2020, 2021, or 2022 with a maximum payment amount of $50,000,000. For the City of Gainesville School District, for the purpose of (i) acquiring, constructing and equipping new schools, fine arts facilities, athletic facilities, physical education facilities, student activity facilities and other school system facilities; acquiring real estate and conducting site preparation of real estate for school district purposes; constructing and equipping additional classrooms and instructional and support space, remodeling, renovating and equipping classrooms, instructional and support space and other school district facilities at existing school system facilities; acquiring furnishings, equipment and fixtures for new and existing facilities system-wide, including safety and security equipment; acquiring new technology infrastructure and equipment, including but not limited to cyber security resources, digital resources, software, laptops, e-books, and e-book readers; and acquiring school buses, vehicles, and transportation and maintenance equipment, with the estimated cost of such projects to be financed from funds raised by the Sales Tax being $55,350,000 (net of Sales Tax funds used to pay general obligation bonds and adjusted due to applicable student enrollments of the School Districts), and (ii) paying a portion of the debt service on the general obligation bonds of the Gainesville City School District to be issued in 2020, 2021, or 2022, with a maximum payment amount of $29,000,000. For the City of Buford School District, for the purpose of acquiring new sites for the construction of new schools, support facilities and athletic facilities and the expansion of existing schools and support facilities, developing sites for constructing and equipping new schools, support facilities and athletic facilities and the expansion of existing schools and support facilities, constructing new schools, support facilities and athletic facilities, acquiring land for and making additions to, acquiring or renovating, equipping and modernizing existing schools, support facilities and athletic facilities, purchasing and refurbishing school buses and other transportation vehicles, making existing or new lease/purchase payments or payments with respect to the acquisition of new and existing schools and support facilities along with textbooks, library books and other media, modernizing technology and making system-wide technology improvement, and paying a portion of the debt service on the Series 2017 general obligation bonds of the Buford City School District, with the estimated aggregate cost of such projects and debt service payments to be financed from funds raised by the Sales Tax being $4,100,000 (adjusted due to applicable student enrollments of the School Districts).