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Notice of Election on Tax Levy in Excess

NOTICE OF ELECTION ON TAX LEVY IN EXCESS OF THE TEN MILL LIMITATION R.C. 3501.11(G), 5705.19, 5705.25 Notice is hereby given that in pursuance of a Resolution of the Board of Education of the Kings Local School District, passed on the 26th day of November 2019, there will be submitted to a vote of the people at the Primary Election to be held at the regular places of voting on Tuesday, the 17th day of March, 2019, the question shall bonds be issued by the Board of Education of the Kings Local School District, for the purpose of site acquisition, new construction, improvements, renovations and additions to school facilities and providing equipment, furnishings and site improvements therefor, in the principal amount of $89,975,000 to be repaid annually over a maximum period of thirty-seven years, and an annual levy of property taxes be made outside the ten mill limitation, estimated by the county auditor to average over the repayment period of the bond issue 4.7 mills for each one dollar of tax valuation, which amounts to $0.47 for each one hundred dollars of tax valuation, to pay the annual debt charge on the bonds, commencing in 2020, first due in calendar year 2021, and to pay debt charges on any notes issued in anticipation of those bonds? The polls for the election will open at 6:30 a.m. and remain open until 7:30 p.m. on Election Day By order of the Board of Elections, of Warren County, Ohio. Jeff Monroe, Chairman Brian Sleeth, Director 3-8,3-15/2020
March 8, 2020
April 7, 2020
April 7, 2020 8:05pm