NOTICE OF RECEIPT OF BALLOT TITLE Oregon City School District CAPTION: Bonds for safety, security, repairs, overcrowding; renovation, efficiencies and construction QUESTION: Shall Oregon City School District address safety, security, overcrowding, repairs, construct/improve classrooms; issue $158 million in general obligation bonds? If the bonds are approved, they will be payable from taxes on property or property ownership that are not subject to the limits of sections 11 and 11b, Article XI of the Oregon Constitution. SUMMARY: If approved, bond and grant funds are expected to: — Improve safety and security at every school and facility: Build secure entries at all schools Install and upgrade emergency, security and camera systems — Address current and future school overcrowding: Replace Gardiner Middle School Renovate Ogden Middle School Reduce portable classrooms Expand classrooms and CTE facilities — Update schools built 1938 to 1975 including energy efficiencies, heating, ventilation, air conditioning, roofing and plumbing — Fund site improvements, furnishings and equipment — Fund capitalized interest, land acquisition, and bond issuance costs, and refinance borrowings for capital costs District will receive $3,700,000 to $8,000,000 in state grants if these bonds are approved. Citizen oversight committee will ensure proceeds are used for purposes indicated. Bonds would mature in 31 years or less from issuance and may be issued in series. The estimated tax rate is $1.24 per $1,000 of assessed property value, an increase of $0.10 over the current rate. Actual levy rate may differ due to changes in interest rates and/or assessed value. This ballot title was filed with the County Clerk of Clackamas County on Thursday, August 16, 2018. Voters have until 5:00 p.m. on Monday, August 27, 2018 to petition for review of the ballot title in the Clackamas County Circuit Court. Any voter filing a petition for review must also file a copy of the petition with the Elections Division, 1710 Red Soils Ct., Ste. 100, Oregon City, not later than 5:00 p.m. on the next business day after the petition is filed with the Circuit Court. Published in Business Tribune on Aug. 21, 2018. Published in Clackamas Review & Oregon City News on Aug. 22, 2018. CLK64409

ad: 64409

Publication: Miscellaneous 2

Section: Legals

Start Date: 2018/08/22

End Date: 2018/08/22

Owner: Clackamas COunty Elections


County: Clackamas