Shall the Board of Trustees (the “Board”) of High School District No. 2 (Stevensville), Ravalli County, Montana (the “High School District”), be authorized to sell and issue general obligation bonds of the High School District in one or more series in the aggregate principal amount of up to Nine Million Seven Hundred Forty-Five Thousand and No/100 Dollars ($9,745,000), bearing interest at rates to be determined at the time of the sale, payable semiannually, during a term as to each series of bonds of not more than twenty (20) years, for the purpose of paying the costs of designing, remodeling, equipping, and furnishing improvements to the Stevensville High School building to accommodate growth, address safety concerns, and comply with Americans with Disabilities Act requirements, to include moving and creating a new main entrance, building new parking adjacent to the new entrance on space currently occupied by the physical education and practice field, and installing a new field in replacement of the field eliminated for parking; remodeling and updating the library, science classrooms, administration space, and restrooms; converting the existing courtyard into new common and flexible classroom spaces; constructing a new hallway for access and improved flow; making significant deferred maintenance improvements to the high school facilities, including replacing the boiler, ventilation fans, windows, soffits and fascia on the exterior of the building, upgrading heating and electrical systems and converting to LED lighting, and other safety and cost-saving upgrades; related improvements and costs (the “High School Project”); paying a portion of the costs of (i) building or improving a bus barn and a maintenance building (the “Bus Barn and Maintenance Building”), (ii) making additional deferred maintenance improvements to the high school gymnasium (the “High School Gymnasium Deferred Maintenance Improvements”), and (iii) building new or improved physical education/sports facilities, to include an all-weather track, a new building housing locker rooms, concessions, restrooms, and storage, and associated improvements such as a new trail and bridge and parking for access to the building, installing new grandstands and upgrading the media booth, and refurbishing tennis courts, related improvements and costs (the “PE and Sports Facilities”); and paying costs associated with the sale and issuance of the bonds?
The costs of the Bus Barn and Maintenance Building, High School Gymnasium Deferred Maintenance Improvements, and PE and Sports Facilities (collectively, the “Shared-Cost Improvements”) would be paid with a portion of the proceeds of the above High School District bonds and a portion of the proceeds of the Stevensville Elementary School District bonds, authorization for which is sought simultaneously herewith. If the above proposition passes and the Stevensville Elementary School District bonds do not pass, the Board will be authorized to pay one or more of the Shared-Cost Improvements that can be finished to completion with the proceeds of the High School District bonds remaining after paying costs of or related to the High School Project and with funds of the Elementary School District, if available.