Election Office

NOTICE OF BOND ELECTION

Notice of Election
February 21, 2019

UNIFIED SCHOOL DISTRICT NO. 267,

SEDGWICK COUNTY, KANSAS (RENWICK)

The Board of Education of Unified School District No. 267, Sedgwick County, Kansas (Renwick) (the “District”), has adopted a resolution declaring it advisable to: (a) at the existing Andale Elementary School, construct, equip and furnish additions to create a new multi-purpose classroom to also function as a storm shelter, new locker rooms for Gym B, renovate the second floor grade 6-8 classroom area, restrooms, and a portion of the gymnasium for improved storage and make other improvements to HVAC systems, entrances and upgrades for safety and security and educational purposes; (b) at the existing Andale High School, construct, equip and furnish additions to provide classrooms for Vo-Ag educational programs, a new Physical Education/Gym area, and other improvements to HVAC systems, the main entrance, office areas, and upgrades to address safety and security and educational purposes in the building; (c) at the existing Colwich Elementary School, construct, equip and furnish two new classrooms, upgrade the HVAC system, provide a new handicap accessible playground, and make other improvements to address safety and security and educational purposes in the building; (d) at the existing Garden Plain Elementary School, construct, equip and furnish additions to create a new band room to also function as a storm shelter, a new music room, a new controlled-access entrance, improvements to HVAC systems, and make improvements to locker rooms, restrooms, playgrounds, and other areas for safety, security, and ADA compliance issues; (e) at the existing Garden Plain High School, construct, equip and furnish additions to create four new classrooms to replace the FACS building, a new Fine Arts Auditorium, additional Industrial Arts space, and corridors to connect buildings, and make improvements to upgrade the HVAC system and improvements for enhanced safety and security and educational purposes; (f) at the existing St. Marks Elementary School, construct, equip and furnish a new addition to provide a new competition gymnasium as well as make improvements to upgrade the building entrance, HVAC system, parking areas and improvements for safety and security; (g) make all other necessary improvements appurtenant thereto (collectively, the “Project”); and (h) pay the costs of issuance and interest on said general obligation bonds of the District during construction of the Project, at an estimated cost of $28,000,000, to be paid from general obligation bonds (the “Bonds”) of the District. Notice is hereby given to the qualified electors of the District that a bond election has been called and will be held on April 2, 2019, 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. 267, Sedgwick County, Kansas (Renwick), issue general obligation bonds in an amount not to exceed $28,000,000, to pay the costs to: (a) at the existing Andale Elementary School, construct, equip and furnish additions to create a new multi-purpose classroom to also function as a storm shelter, new locker rooms for Gym B, renovate the second floor grade 6-8 classroom area, restrooms, and a portion of the gymnasium for improved storage and make other improvements to HVAC systems, entrances and upgrades for safety and security and educational purposes; (b) at the existing Andale High School, construct, equip and furnish additions to provide classrooms for Vo-Ag educational programs, a new Physical Education/Gym area, and other improvements to HVAC systems, the main entrance, office areas, and upgrades to address safety and security and educational purposes in the building; (c) at the existing Colwich Elementary School, construct, equip and furnish two new classrooms, upgrade the HVAC system, provide a new handicap accessible playground, and make other improvements to address safety and security and educational purposes in the building; (d) at the existing Garden Plain Elementary School, construct, equip and furnish additions to create a new band room to also function as a storm shelter, a new music room, a new controlled-access entrance, improvements to HVAC systems, and make improvements to locker rooms, restrooms, playgrounds, and other areas for safety, security, and ADA compliance issues; (e) at the existing Garden Plain High School, construct, equip and furnish additions to create four new classrooms to replace the FACS building, a new Fine Arts Auditorium, additional Industrial Arts space, and corridors to connect buildings, and make improvements to upgrade the HVAC system and improvements for enhanced safety and security and educational purposes; (f) at the existing St. Marks Elementary School, construct, equip and furnish a new addition to provide a new competition gymnasium as well as make improvements to upgrade the building entrance, HVAC system, parking areas and improvements for safety and security; (g) make all other necessary improvements appurtenant thereto (collectively, the “Project”); and (h) pay the costs of issuance and interest on said general obligation bonds of the District 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.

Ο YES

Ο NO

**********************

The polls will open in Sedgwick County at 6:00 o'clock A.M. and will close at 7:00 o'clock P.M., on April 2, 2019, the election day. The polls will open in Reno County at 7:00 o'clock A.M. and will close at 7:00 o'clock P.M., on April 2, 2019, the election day. The voting places in the District, and the area each voting place will serve, will be as follows:

Voters Residing In Precinct	Will Vote At	Location
Sherman	Andale City Building	326 N Main, Andale, KS 67001
539 & Attica 21	Pathway Church	2001 N Maize Rd Wichita, KS 67212
Grand River & Morton	Cheney Baptist Church	1502 N Main, Cheney, KS 67025
Eagle	Bentley City Hall	150 S Wichita, Bentley, KS 67016
Union 1	Colwich City Building	310 S 2^nd St, Colwich, KS 67030
Greeley	Larsen Community Center	105 S Ohio, Mount Hope, KS 67108
Viola	Viola Community Hall	100 N Grice, Viola, KS 67149
Afton & Attica 3	Goddard Pathway Church	18800 W Kellogg Dr, Goddard, KS 67052
Garden Plain	Garden Plain Senior Center	1006 N Main, Garden Plain, KS 67050
527, 528 & Attica 5	Evangel Assembly of God	11444 W 21^st St, Wichita, KS 67205
Summner Township (Reno County)	Fire District #9 Building	23917 S Rayl Rd, Mount Hope, KS 67108

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.

Projected Summary of Project Costs

*Sources of Funds*		*Uses of Funds*

Bonds to be Issued	$28,000,000	Project Costs (including architectural/engineering services)	$27,350,000
District Funds	0	Interest During Construction	433,500
Interest Earnings	273,500	Issuance Expenses (including attorney fees, printing costs, rating agency fees, financial advisor fees, underwriting fees and other miscellaneous expenses)	490,000
*Total*	*$28,273,500*	*Total*	*$28,273,500*

Projected Summary of Bond Issue Repayments

Principal payments over 20 years		Average Interest Rate 4.25%

Total Interest Cost to Maturity $17,642,600		Assessed Valuation (2018) $146,342,286

Average Annual Principal and Interest Payments		$2,282,130

Portion of average annual principal and interest payments from Bond State Aid		$182,570

Portion of average annual principal and interest payments from District funds		$2,099,560

Average Annual Property Tax Mill Levy Rate for Principal and Interest Payments

Total (without any Bond State Aid)		16.22 Mills

District Portion (with current level of Bond State Aid)		14.92 Mills

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

DATED: February 21, 2019

Tabitha Lehman, Election Commissioner

Sedgwick County, Kansas

(Seal)

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