NOTICE OF BOND ELECTION
GRACE JT. SCHOOL DISTRICT #148
CARIBOU, FRANKLIN AND BANNOCK COUNTIES, IDAHO
Public Notice is hereby given according to law, and the requisite action of the Board of Trustees of School District No. 148, Caribou, Franklin and Bannock Counties, Idaho, that a bond election will be held on Tuesday, August 29, 2017 for the purpose of submitting to the qualified electors of said District their vote and determination on a bond not to exceed $5,000,000 for the purpose of financing the costs of a new elementary school.
The polls will be open from 8:00 a.m. until 8:00 p.m. at the following location:
Franklin County Residents
6007 East Thatcher
Thatcher, ID 83283
All polling places are handicap accessible.
An elector must be a registered voter who has resided in this state and in this school district at least thirty (30) days preceding the election.
GRACE JT. SCHOOL DISTRICT NO. 148
FRANKLIN COUNTY, IDAHO
AUGUST 29, 2017
INSTRUCTIONS: To vote in favor of the of the bond, place an X in the square at the right of the words “IN FAVOR OF.” To vote against the bond, place an X in the square at the right of the word “AGAINST.” If you change your mind, tear, or make a mistake on this ballot, request a new ballot from an election worker.
JT. SCHOOL DISTRICT #148 BOND ELECTION
Shall the Board of Trustees of the Grace Jt. School District No. 148, Caribou, Franklin and Bannock Counties, Idaho, be authorized to issue general obligation school bonds of said District in the principal amount not to exceed $5,000,000 for the purpose of financing the costs of acquiring, constructing, equipping and furnishing a new elementary school, together with costs and expenses related thereto, the final installment of such bonds to fall due not later than twenty (20) years from the date of issuance thereof, all as provided in the Bond Election Resolution adopted by the Board on June 7, 2017?
The interest rate anticipated on the proposed bond issue, based upon current market rates, is three percent (3.00%) per annum. The total amount to be repaid over the life of the bonds, based on the anticipated interest rate, is $5,093,677, consisting of $5,000,000 in principal and $1,791,570 of interest, totaling $6,791,570, less $1,697,893 in estimated bond levy equalization payments.
As of August 29, 2017, the total existing bonded indebtedness of the District, including interest accrued, is $0.00.
IN FAVOR OF issuing bonds in the principal amount not to exceed $5,000,000
AGAINST issuing bonds in the principal amount not to exceed $5,000,000