NOTICE OF BOND ELECTION
UNIFIED SCHOOL DISTRICT NO. 261,
SEDGWICK COUNTY, KANSAS (HAYSVILLE)
The Board of Education of Unified School District No. 261, Sedgwick County, Kansas (Haysville) (the “District”), has heretofore, pursuant to resolutions duly adopted, declared it advisable to make and finance certain improvements to District facilities pursuant to the provisions of K.S.A. 10‑101 et seq., K.S.A. 25‑2018(f), K.S.A. 72‑5457, and K.S.A. 72‑5458 et seq. Notice is hereby given to the qualified electors of the District that a bond election has been called and will be held on April 8, 2025, for the purpose of submitting to the qualified electors of the District the following proposition:
Shall the following be adopted?
Shall Unified School District No. 261, Sedgwick County, Kansas (Haysville), issue general obligation bonds in an amount not to exceed $79,725,000 to pay a portion of the estimated $80,150,000 costs to: (a) construct, equip and furnish additions to existing buildings within the District; (b) make improvements, repairs or upgrades to District buildings as needed for roofing, mechanical and other infrastructure systems, and building interiors and exteriors; (c) make needed improvements to District playgrounds and parking lots; (d) construct and equip improvements to existing physical education/athletic facilities within the District; (e) make all other necessary improvements appurtenant thereto (the “Project”); and pay financing costs of issuance affiliated with the general obligation bonds of the District; all pursuant to the provisions of K.S.A. 10‑101 et seq., K.S.A. 25‑2018(f), K.S.A. 72‑5457, and K.S.A. 72‑5458 et seq.? The balance of the estimated costs of the Project will be paid with interest earned on the reinvestment of bond proceeds prior to expenditure.
To vote in favor of any question submitted on this ballot, press the word “Yes” on the voting machine or completely darken the oval to the left of the word “Yes” on the paper ballot. To vote against it, press the word “No” on the voting machine or completely darken the oval to the left of the word “No” on the paper ballot.
YES
NO
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The polls will open at 7:00 o'clock A.M. and will close at 7:00 o'clock P.M., on April 8, 2025, the election day. The voting places in the District, and the area each voting place will serve, will be as follows:
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Voters Residing In Precinct |
Will Vote At |
Location |
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315, 316, 326, 425, 450, RI01, RI10, RI11, RI12, RI14 |
Colonial Heights Church |
5200 S Broadway, Wichita |
|
HA17, HA21, HA24, HA25, SA01, SA03, SA04, SA06 |
First Baptist Haysville |
125 S Delos Ave, Haysville |
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HA11, HA12, HA15, HA35, HA41, HA43, HA44, HA45, HA46, OH01, OH03, WA01 |
Haysville Activity Center |
523 Sarah Ln, Haysville |
|
HA26, HA27, HA31, HA33, HA42 |
Haysville Library |
210 Hays Ave, Haysville |
|
412, 415, 416, 424, 432, 433, 434, 435, 436, 437, 438, 439, 440, 446, WA02, WA05, WA06, WA08, WA13 |
Glenville Church |
4604 S Seneca St, Wichita |
Early voting is available at the Sedgwick County Election Office during regular business hours, beginning April 1, 2025. Early voting will end at Noon on April 7, 2025.
The election will be conducted by the officers and/or persons provided by law for holding elections, and the method of voting will be by ballot. Registered voters are eligible to vote by advance voting ballot upon application to the Sedgwick County Election Commissioner at the address set forth below pursuant to K.S.A. 25‑1117 et seq.
ADDITIONAL INFORMATION
The Capital Improvement Fund (“CIF”) has been established in the treasury of the State of Kansas to assist school districts with making principal and interest payments on voted general obligation bond issues. The amount of CIF funding each school district receives is based on a formula prescribed by statute and implemented by the State Board of Education (“Bond State Aid”). Based on the current formula, the District expects to receive Bond State Aid in the approximate amount set forth below to assist with making the principal and interest payments on the Bonds. No assurance can be given that Bond State Aid will continue at this or any amount in future years.
The following additional information is provided by the District with respect to compliance with the provisions of K.S.A. 10-120a and K.S.A. 12-6,122. This information has been obtained from sources deemed reliable by the District. Certain portions of this information are based upon projections. No assurances can be given that these projections will be accurate as of the date of issuance of the Bonds due to changing market conditions, any changes in assessed valuation of the District, changes in the amount of state financial aid received by the District and other matters unknown or unavailable at this time. The projected rates of property taxation to be used to pay the principal of and interest on the Bonds are based upon the current assessed valuation of the District, the assumed principal repayment schedule and the average interest rates from recent bond issues for similar types of financings and the current level of Bond State Aid the District would receive with respect to the Bonds, all as shown below.
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Projected Summary of Project Costs |
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Sources of Funds |
Uses of Funds |
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Bonds to be Issued |
$79,725,000 |
Project Costs (including architectural/engineering services) |
$80,150,000 |
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Interest Earnings |
1,603,000 |
Issuance Expenses (including attorney fees, printing costs, rating agency fees, financial advisor fees, underwriting fees and other miscellaneous expenses) |
1,178,000 |
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Total |
$81,328,000 |
Total |
$81,328,000 |
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Projected Summary of Bond Issue Repayments |
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Principal payments over 20 years |
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Average Interest Rate 4.25% |
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Total Interest Cost to Maturity $41,662,750 |
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Assessed Valuation (2024) $251,981,840 |
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Average Annual Principal and Interest Payments |
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$6,069,388 |
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Portion of average annual principal and interest payments from Bond State Aid |
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$1,330,172 |
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Portion of average annual principal and interest payments from District funds |
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$4,739,215 |
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Average Annual Property Tax Mill Levy Rate for Principal and Interest Payments |
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Total (without any Bond State Aid) |
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16.71 Mills |
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District Portion (with current level of Bond State Aid) |
|
13.05 Mills |
The election officer conducting the election will be the Sedgwick County Election Commissioner of Sedgwick County, Kansas, whose address is Sedgwick County Historic Courthouse, 510 N. Main, Suite 101, Wichita, Kansas 67203.
Laura Rainwater, Sedgwick County Election Commissioner
Sedgwick County, Kansas