PROPOSITION NO. 3
GENERAL OBLIGATION BONDS - $123,000,000
The Board of Directors of Northshore School District No. 417 adopted a general obligation bond resolution. This proposition authorizes the District to modernize schools and fields, construct and equip additional classroom space, acquire sites, provide technology systems and equipment, make necessary capital improvements, to issue $123,000,000 of general obligation bonds maturing within a maximum term of 20 years, and levy excess property taxes annually to repay the bonds, as provided in District Resolution No. 505.
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