(First published in the Gardner News on December 30, 2015, and subsequently on January 6, 2016)
NOTICE OF BOND ELECTION
UNIFIED SCHOOL DISTRICT NO. 231,
JOHNSON COUNTY, KANSAS (GARDNER-EDGERTON)
The Board of Education of Unified School District No. 231, Johnson County, Kansas (Gardner-
Edgerton) (the “District”), has heretofore, pursuant to resolution duly adopted, declared it advisable to
construct, equip, furnish, repair, remodel or make additions to buildings used for school district purposes
including: (a) constructing, equipping and furnishing additions to the existing high school, (b) repairing,
renovating, remodeling, making additions to and equipping and furnishing existing school district facilities,
(c) making technology upgrades and improvements, and (d) making all other necessary improvements to
school district facilities and paying fees and expenses incidental thereto in the District and make all other
necessary improvements appurtenant thereto (the “Project”) at an estimated cost of $29,700,000. Notice is
hereby given to the qualified electors of the District that a bond election has been called and will be held
on February 2, 2016, 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. 231, Johnson County, Kansas (Gardner-Edgerton), issue
general obligation bonds in an amount not to exceed $29,700,000, to pay the costs to
construct, equip and furnish, repair, remodel or make additions to buildings used for school
district purposes, including: (a) constructing, equipping and furnishing additions to the
existing high school, (b) repairing, renovating, remodeling, making additions to and
equipping and furnishing existing school district facilities, (c) making technology upgrades
and improvements, and (d) making all other necessary improvements to school district
facilities and paying fees and expenses incidental thereto in the District and make all other
necessary improvements appurtenant thereto; all pursuant to the provisions of K.S.A. 10-
101 et seq.; K.S.A. 25-431 et seq.; K.S.A. 25-2018(f); K.S.A. 72-6761; and K.S.A. 75-
2315 et seq.?
This election will be conducted in accordance with K.S.A. 25-431 et seq. (the “Mail Ballot Election
Act”). The County Election Commissioner shall conduct the election by mailing an official ballot to each
qualified elector in the District registered at least thirty (30) days prior to the date of election, not sooner
than the 20th day before the date of the election and not later than the 10th day before the election. The
County Election Commissioner anticipates mailing ballots for this bond election to all qualified voters on
or about January 13, 2016. Instructions on how to mark the ballot to vote either for or against the
proposition submitted thereon will accompany the ballots, together with a stamped, addressed return
identification envelope in which the marked ballot must be placed.
__________________________________________
IT IS IMPORTANT FOR EACH QUALIFIED VOTER TO NOTE THAT YOUR BALLOT CANNOT
BE COUNTED UNLESS YOU TAKE THE APPROPRIATE STEPS:
(1) You must personally sign and place your correct address on the return identification
envelope;
(2) If you choose to mail your ballot, you must put it in the identification envelope and place
it in the United States mail early enough so that it will be received by the Johnson County Election
Commissioner not later than February 2, 2016;
(3) If you elect not to mail your ballot, (a) voters residing in Johnson County must
PERSONALLY deliver it in the return identification envelope to the office of the County Election
Commissioner, 2101 East Kansas City Road, Olathe, Kansas 66061, at any time during regular business
hours from 8:00 A.M. to 5:00 P.M., Monday through Friday, but before 12:00 Noon on February 2, 2016,
and (b) voters residing in Miami County must PERSONALLY deliver their ballot in the return identification
envelope to the office of the County Clerk in the Miami County Adminsitration Building, 201 South Pearl,
Suite 102, Paola, Kansas 66071, at any time during regular business hours from 8:00 A.M. to 4:30 P.M.,
Monday through Friday, but before 12:00 Noon on February 2, 2016.
__________________________________________
If the ballot of a qualified elector is destroyed, spoiled, lost or not received in the mail by the
qualified elector, or if an elector registers within thirty (30) days of the election, a ballot or replacement
ballot may be obtained from the Johnson County Election Commissioner or the Miami County Clerk, as
applicable. Persons qualified to receive a replacement ballot may do so by signing an application prepared
by the Johnson County Election Commissioner or the Miami County Clerk and submitting the application
by mail or in person at the office of the Johnson County Election Commissioner or the Miami County Clerk
at the above addresses.
The authority to conduct this bond election called by the District under the provisions of the Mail
Ballot Election Act, does not authorize the use of voting machines or written ballots located at the usual
polling places for the District. Consequently, all qualified electors of the District are hereby notified that
no polling places will be open during the bond election, and all ballots must be cast in the manner specified
herein and in accordance with the voting instructions which will be sent to all qualified electors with the
official mail ballot.
Telephone inquiries from qualified electors having additional questions about the procedure to
follow in order to vote in this election may be made by calling the Johnson County Election Commissioner
at (913)782-3441 or the Miami County Clerk at (913)294-3976, as applicable.
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ADDITIONAL INFORMATION
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 state
financial 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 $ 29,700,000 Project Costs (including
architectural/engineering
services)
$ 29,677,000
District Funds $ – Interest During Construction $ –
Interest Earnings $ 53,000 Issuance Expenses (including
attorney fees, printing costs,
rating agency fees, financial
advisor fees, underwriting fees
and other miscellaneous
expenses)
$ 76,000
Total $ 29,753,000 Total $ 29,753,000
Projected Summary of Bond Issue Repayments
Principal payments over 20 years Average Interest Rate 4.75%
Total Interest Cost to Maturity $26,395,275 Assessed Valuation (2014) $279,766,043
Average Annual Principal and Interest Payments $ 2,804,764
Portion of average annual principal and interest payments from State aid $ 841,429
Portion of average annual principal and interest payments from District funds $ 1,963,335
Average Annual Property Tax Mill Levy Rate for Principal and Interest Payments
Total (without any State financial Aid) 4.354 Mills*
District Portion (with current level of State financial aid) 3.016 Mills*
* Represents the anticipated property tax rate increase in the District’s Bond and Interest Fund needed to
provide for payment of the proposed Bonds. This does not include property taxes to be levied to provide
for the payment of bonds previously issued by the District. Based on current plans, the District anticipates
using cash reserves to reduce the future tax rate in the Bond and Interest Fund, as well as reducing the tax
rate in certain other funds, in order to keep the District’s aggregate tax rate after the issuance of the proposed
Bonds at or below the level of its 2015/16 fiscal year budget.
The election officer conducting the election will be the County Election Commissioner of Johnson
County, Kansas, whose address is 2101 East Kansas City Road, Olathe, Kansas 66061.
DATED: December 1, 2015.
(Seal) Brian D. Newby, County Election Commissioner
Johnson County, Kansas