KSD Bond Issue Question

Shall Reorganized School District R-1, Clay County, Kearney, Missouri borrow money in the amount of $27,000,000 for the purpose of constructing, renovating, improving, furnishing and equipping school facilities of the District, including:

•           constructing, renovating, furnishing and equipping an early childhood and district education center;

•           constructing additions to, remodeling, renovating, improving, furnishing and equipping Kearney High School;

•           constructing additions to, remodeling, renovating, improving, furnishing and equipping Kearney Middle School; and

•           improving district playgrounds, including the installation of artificial soft play surfaces;

and issue bonds for the payment thereof resulting in no increase to the debt service levy?

If this question is approved, the debt service levy of the District is estimated to remain unchanged at $1.1902 per one hundred dollars assessed valuation of real and personal property.

The authorization of the Bonds will authorize the levy and collection of an annual tax in addition to the other taxes provided for by law on all taxable tangible property in the District sufficient to pay the interest and principal of the Bonds as they fall due.

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