Ballot Language:
Shall the Board of Education of the Grain Valley R-V School District, Missouri, without an estimated increase in the current debt service property tax levy, borrow money in the amount of Forty Million Dollars ($40,000,000) for the purpose of providing funds to make construction and renovation improvements to Matthews Elementary, including but not limited to, new entrance(s), additional classrooms, gymnasium, restrooms, parking, and improved traffic flow; to construct Middle School outdoor athletic facilities; to provide District-wide security upgrades; to construct, equip, and furnish additional classrooms (standard and/or high-needs special education) at other elementary school(s); to pay off a lease financing for land purchase; to the extent funds are available, complete other repairs and improvements to existing facilities of the District; and issue general obligation bonds for the payment thereof? If this proposition is approved, the adjusted debt service levy of the School District is estimated to remain unchanged at $1.3000 per one hundred dollars of assessed valuation of real and personal property.