NOTICE OF SPECIAL GENERAL OBLIGATION BOND ELECTION
Pursuant to the laws of the State of Idaho and the Bond Election Resolution of the Board of Trustees of Joint School District No. 331, Minidoka, Cassia, Jerome and Lincoln Counties, State of Idaho (the “District”), adopted on December 17, 2018, notice is hereby given that a Special General Obligation Bond Election will be held in the District on Tuesday, March 12, 2019, beginning at the hour of 8:00 A.M. and closing at the hour of 8:00 P.M. on said date, on the question whether the District shall be empowered to issue general obligation school bonds of said District in the principal amount not to exceed $21,000,000, to be repaid not later than twenty (20) years from the date of issuance thereof.
Said election shall be held at the regular polling places for elections in Minidoka, Cassia, Jerome and Lincoln Counties, Idaho [or by mail], as indicated below:
March 12, 2019
Precincts Polling Places
Acequia Acequia Elementary School, 360 N 350 E (Acequia), Rupert
Emerson Burley Inn (Rear Entrance) 800 N Overland, Burley
Heyburn 1 Minidoka County Fire Protection District 1120 21st St., Heyburn
Heyburn 2 Heyburn City Office 941 18th St, Heyburn
Paul Paul City Office 152 S 600 W, Paul
Pioneer & Rupert 5 Rupert Elementary School 202 18th St., Rupert
Rupert 1 & 4 Rupert Civic Building, 7th & F St., Rupert
Rupert 2 & 3 Rupert Civic Building, 7th & F St., Rupert
AB/Early Voting Minidoka County Courthouse, 715 G St., Rupert
114 Jackson- Leo Robbins’ Residence, 1199 E 600 N, Jackson
Absentee/Mail/Early Vote-1459 Overland Ave, Burley
Hazelton-Mail Ballot Only
Absentee-300 N Lincoln, Room 301, Jerome
Kimama-Mail Ballot Only
Absentee-111 W B St. Suite C, Shoshone
The following information is required by Section 34-439, Idaho Code:
The project to be financed by the sale of the proposed bonds is the costs of (i) upgrading and remodeling existing schools focusing on safety, security and other identified needed building and site improvements; (ii) constructing, furnishing and equipping of additional classrooms at Heyburn Elementary, Paul Elementary and West Minico Middle School; (iii) constructing, furnishing and equipping of a second gymnasium at Heyburn Elementary; (iv) upgrading or replacing HVAC systems at Paul Elementary, Rupert Elementary, Mt. Harrison Jr./Sr. High School, and Minico High School gymnasium; (v) improvements to Minico High School, including installing a new gymnasium floor, constructing new concessions and restrooms at softball and tennis facilities, and acquiring land for and constructing and equipping a new agriculture education building; and (vi) upgrading other existing facilities for career and technical education; such bonds to become due in such installments as may be fixed by the Board, the final installment of such bonds to fall due not later than twenty (20) years from the date of issuance of such bonds, all as provided in the Bond Election Resolution adopted by the Board on December 17, 2018.
The interest rate anticipated on the proposed bond issue, based upon current market rates, is three and eighty-three hundredths percent (3.83%) per annum. The total amount to be repaid over the life of the bonds, based on the anticipated interest rate, is $28,319,273, consisting of $21,000,000 in principal and $10,819,408 of interest, totaling $31,819,408, less $3,500,135 in estimated bond levy equalization payments.
The estimated average annual cost to the taxpayer on the proposed bond is a tax of $98 per $100,000 of taxable assessed value based on current conditions and the data above.
As of March 12, 2019, the total existing bonded indebtedness of the District, including interest accrued, is $13,995,178.
NOTICE IS FURTHER GIVEN that in accordance with the Help America Vote Act of 2002, each of the polling places includes parking spaces, path of travel, entrances, exits and voting areas accessible to individuals with disabilities
PUBLISH: Thursday, February 28, 2019
PUBLISH: Thursday, March 7, 2019 (w/sample ballot)
Tonya Page, Minidoka County Clerk