Proposition I - General Obligation Bonds

For the purposes of updating safety and security systems and classroom technology, improving, maintaining, repairing and renovating school classrooms and buildings, funding other needed upgrades to facilities including energy efficiency improvements and refinancing existing leases for capital improvements, shall the Board of Education of the Ritenour School District, St. Louis County, Missouri, borrow money in the amount of Forty-Two Million Dollars ($42,000,000) and issue general obligation bonds for the payment thereof, resulting in a zero rate change to the debt service property tax levy. If this proposition is approved, the adjusted debt service levy of the District will remain $0.84 per $100 of assessed valuation of real and personal property. (Note: If Propositions I and N are both approved, the District's adjusted debt service levy is estimated to be $0.69 per $100 of assessed valuation of real and personal property in 2027 and $0.54 per $100 of assessed valuation of real and personal property in 2030)