Notice of Bond Election Unified School District No. 262 Sedgwick County, Kansas (Valley Center)

(First published in The Ark Valley News on March 14, 2024 and subsequently on March 21, 2024)

NOTICE OF BOND ELECTION

UNIFIED SCHOOL DISTRICT NO. 262,

SEDGWICK COUNTY, KANSAS (VALLEY CENTER)

The Board of Education of Unified School District No. 262, Sedgwick County, Kansas (Valley Center) (the “District”), has heretofore, pursuant to resolution 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 May 7, 2024, 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. 262, Sedgwick County, Kansas (Valley Center), issue general obligation bonds in an amount not to exceed $58,900,000, to pay the costs to:  (a) construct, furnish, and equip a new elementary school and a supplemental program center; (b) construct, furnish, and equip renovations, additions and improvements to Valley Center High School including additional classrooms, an addition for career and technical education, and improvements to the kitchen and serving areas; (c) construct, furnish, and equip improvements at Valley Center Middle School including bathroom addition; (d) construct, furnish, and equip improvements at Valley Center Intermediate School including additional classrooms; and (e) make all other necessary improvements related thereto (collectively the “Project”), and to pay costs of issuance and interest on said general obligation bonds during construction of the Project; 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.?

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 6:00 o'clock A.M. and will close at 7:00 o'clock P.M., on May 7, 2024, the election day.  The voting places in the District, and the area each voting place will serve, will be as follows: 

Early voting is available at the Sedgwick County Election Office during regular business hours, beginning April 29, 2024.  Early voting will end at Noon on May 6, 2024.

            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 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. 

            The election officer conducting the election will be the Election Commissioner of Sedgwick County, Kansas, whose address is Sedgwick County Historic Courthouse, 510 N. Main, Suite 101, Wichita, Kansas 67203.

            DATED:  March 14, 2024.

(Seal)                                                                           Laura Rainwater, Election Commissioner

                                                                                    Sedgwick County, Kansas