Proposition 1 - School Building Bonds; Technology Capital Project Levy Revoke and Replace

The board of Independent School District No. 283 (St. Louis Park Public Schools), Minnesota has proposed to issue general obligation school building bonds in an amount not to exceed $50,000,000 to provide funds for the acquisition and betterment of school sites and facilities including, but not limited to, deferred capital maintenance projects and related capital improvements at various District facilities. The board of Independent School District No. 283 (St. Louis Park Public Schools), Minnesota has also proposed to revoke its existing capital project levy authorization of 4.287% times the net tax capacity of the school district and to replace that authorization with a new authorization in the maximum amount of 10.127% times the net tax capacity of the school district. The proposed new authorization will raise approximately $9,860,228 for taxes first levied in 2026, payable in 2027, and will be authorized for ten (10) years. The estimated total cost of the projects to be funded over that time period is approximately $98,602,280. The proposed authorization will provide funds for security equipment, technology related personnel and training, and acquisition, installation, support and maintenance of software, technology, technology systems and infrastructure. Shall the issuance of the general obligation school building bonds, revocation of the existing capital project levy authorization, and the new capital project levy authorization proposed by the board of Independent School District No. 283 (St. Louis Park Public Schools), Minnesota be approved?