NOTICE OF 1% SALES AND USE TAX...
NOTICE OF 1% SALES AND USE TAX...
NOTICE OF 1% SALES AND USE TAX FOR EDUCATIONAL PURPOSES ELECTION ON MARCH 19, 2019 Pursuant to a joint resolution adopted by the Board of Education of Lowndes County (the "Lowndes County Board of Education"), acting by, for, and on behalf of the Lowndes County School District (the "Lowndes County School District") on January 14, 2019, and by the Board of Education for the City of Valdosta (the "Valdosta Board of Education") acting by, for and on behalf of the City of Valdosta School System (the "Valdosta School System") on January 8, 2019, and a call of election issued by the Board of Elections and Registration for Lowndes County, as Election Superintendent, notice is hereby given as follows: 1. On March 19, 2019, an election will be held in Lowndes County to submit to the qualified voters of Lowndes County the following question: 1% SALES TAX FOR EDUCATIONAL PURPOSES ( ) YES ( ) NO Shall a one percent sales and use tax for educational purposes continue to be imposed in Lowndes County for a period of time not to exceed 20 calendar quarters and for the raising of not more than $150,000,000, (A) $83,550,000 (55.7%) of which shall be distributed to the Lowndes County School District for the purposes of (i) planning and construction of new facilities, including elementary school(s), middle school(s) and high school(s); (ii) the addition, renovation, repair, and improvement to existing school buildings, facilities, and grounds, including, but not limited to, all elementary schools, middle schools, and high school(s); (iii) equipping and furnishing system-wide new construction, additions, and renovations; (iv) acquisition of school vehicles, including but not limited to, school buses, maintenance vehicles and equipment; (v) system-wide technology improvements; (vi) acquisition of security and safety systems, equipment and/or fencing; (vii) textbooks (including ebooks) and related instructional software, band and other musical instruments, vocational equipment and physical education and athletic equipment; and (viii) renovations and modifications of athletic facilities, acquisition of any property necessary and desirable for new construction, and expansion and/or improvement of existing facilities, both real and personal; and (B) $66,450,000 (44.3%) of which shall be distributed to the City of Valdosta School System for the purposes of (i) the retirement of principal and interest on previously incurred general obligation debt in the maximum amount of $37,736,500; (ii) the addition, renovation, repair and improvement to existing school buildings, facilities and grounds, including, but not limited to, all existing elementary and middle schools; (iii) equipping and furnishing system-wide new construction, additions and renovations; (iv) acquisition of school vehicles, including but not limited to school buses, maintenance vehicles and equipment; (v) system-wide technology improvements; (vi) acquisition of security and safety equipment and/or fencing; (vii) textbooks (including e-books), band and musical instruments, vocational equipment, and physical education and athletic equipment; (viii) renovations and modifications or the relocation and replacement of the Valdosta School System Central Office complex; and (ix) acquisition of any property necessary and desirable for new construction, expansion and/or improvement of existing facilities, both real and personal? If reimposition of the tax is approved by the voters in the Lowndes County School District, such vote shall also constitute approval of the issuance of general obligation debt of the Lowndes County School District in the maximum principal amount of $40,700,000 for the purpose of financing the cost of the capital outlay projects of the Lowndes County School District described above and for the payment of capitalized interest on such debt. If reimposition of the tax is approved by the voters in the Valdosta School System, such vote shall also constitute approval of the issuance of general obligation debt of the Valdosta School System in the maximum principal amount of $8,750,000 for the purpose of financing the cost of the capital outlay projects of the Valdosta School System described above and for the payment of capitalized interest on such debt. 2. All qualified voters desiring to vote in favor of imposing the one percent sales and use tax for educational purposes (the "Educational Sales Tax") shall vote "Yes" and all qualified voters opposed to levying the Educational Sales Tax shall vote "No." If more than one-half of the votes cast are in favor of imposing the Educational Sales Tax then such tax shall be imposed beginning upon the termination of the Educational Sales Tax presently in effect and shall cease to be imposed on the earlier of (a) 20 calendar quarters after the tax is imposed or (b) as of the end of the calendar quarter during which the Commissioner of the Georgia Department of Revenue determines that the Educational Sales Tax will have raised revenues sufficient to provide to the net proceeds equal to or greater than the amount specified as the maximum amount of net proceeds to be raised by the Educational Sales Tax. 3. To the extent available, the Lowndes County School District and the Valdosta School System may combine available funds from the State of Georgia with proceeds from the Educational Sales Tax and general obligation debt, if any, and any other funds available to each school district to pay the costs of capital outlay projects, and the board of education of each school district may choose which capital outlay projects to undertake or not undertake or to delay until additional funding is available to the extent that proceeds of the Educational Sales Tax and general obligation debt, if any, together with other available funds actually received by the Lowndes County School District or the Valdosta School System, are insufficient to complete any of the capital outlay projects described in the ballot question set forth above. Plans and specifications for the capital outlay projects have not been completed and bids have not been received. Depending upon acquisition and construction costs and available funds, the Lowndes County Board of Education and the Valdosta Board of Education may each add to, modify, or delete specific projects. 4. (a) If reimposition of the Educational Sales Tax is approved, and if more than one half of the votes cast in the Lowndes County School District are in favor of the reimposition of the Educational Sales Tax, such vote shall constitute approval of the issuance of general obligation debt of the Lowndes County School District in an aggregate principal amount not to exceed $40,700,000 to finance a portion of the capital outlay projects described above and to pay capitalized interest on such debt. The maximum interest rate or rates such general obligation debt shall bear shall be 6.0% per annum. The principal to be paid in each year during the life of such general obligation debt shall not exceed the following amounts: Year Amount Year 1 $7,595,000 Year 2 7,855,000 Year 3 8,125,000 Year 4 8,410,000 Year 5 8,715,000 (b) It is anticipated that proceeds from the Educational Sales Tax received by the Lowndes County School District will be sufficient to pay all principal of and interest coming due on the above-described general obligation debt. Such general obligation debt shall be payable first from the separate account in which are to be placed the proceeds received by the Lowndes County School District from the Educational Sales Tax. Such debt, however, shall constitute a pledge of the full-faith, credit, and taxing power of the Lowndes County School District, and any liability on said debt, which is not satisfied from proceeds of the Educational Sales Tax, shall be satisfied from the general funds of the Lowndes County School District. 5. (a) If reimposition of the Educational Sales Tax is approved, and if more than one half of the votes cast in the Valdosta School System are in favor of the reimposition of the Educational Sales Tax, such vote shall constitute approval of the issuance of general obligation debt of the Valdosta School System in an aggregate principal amount not to exceed $8,750,000 to finance a portion of the capital outlay projects described above and to pay capitalized interest on such debt. The maximum interest rate or rates such general obligation debt shall bear shall be 6.0% per annum. The principal to be paid in each year during the life of such general obligation debt shall not exceed the following amounts: Year Amount Year 1 $1,375,000 Year 2 1,565,000 Year 3 1,750,000 Year 4 1,935,000 Year 5 2,125,000 (b) It is anticipated that proceeds from the Educational Sales Tax received by the Valdosta School System will be sufficient to pay all principal of and interest coming due on the above-described general obligation debt. Such general obligation debt shall be payable first from the separate account in which are to be placed the proceeds received by the Valdosta School System from the Educational Sales Tax. Such debt, however, shall constitute a pledge of the full-faith, credit, and taxing power of the Valdosta School System, and any liability on said debt, which is not satisfied from proceeds of the Educational Sales Tax, shall be satisfied from the general funds of the Valdosta School System. 6. Reference is hereby made to the Official Code of Georgia Annotated 36-82-1(d) which provides in part that any brochures, listings, or other advertisements issued by the Lowndes County Board of Education, the Valdosta Board of Education, or by any other person, firm, corporation or association with the knowledge and consent of the Lowndes County Board of Education or the Valdosta Board of Education shall be deemed to be a statement of intention of the Lowndes County Board of Education or the Valdosta Board of Education concerning the use of the proceeds of the above described general obligation debt. 7. The last day to register to vote in the election is Tuesday, February 19, 2019. Anyone desiring to register may do so by applying in person at the voter registration office located at 2808 North Oak Street, Valdosta, Georgia, telephone (229) 671-2850, or by any other method authorized by the Georgia Election Code. 8. The election will be held on Tuesday, March 19, 2019. The polls will be open from 7:00 a.m. until 7:00 p.m. 9. This Notice of Election is given pursuant to a joint resolution adopted by the Lowndes County Board of Education on January 14, 2019, and by the Valdosta Board of Education on January 8, 2019. BOARD OF ELECTIONS AND REGISTRATION FOR LOWNDES COUNTY 211586 2/15,22;03/01,08,15/19
NOTICE OF 1% SALES AND USE TAX FOR EDUCATIONAL PURPOSES ELECTION ON MARCH 19, 2019 Pursuant to a joint resolution adopted by the Board of Education of Lowndes County (the "Lowndes County Board of Education"), acting by, for, and on behalf of the Lowndes County School District (the "Lowndes County School District") on January 14, 2019, and by the Board of Education for the City of Valdosta (the "Valdosta Board of Education") acting by, for and on behalf of the City of Valdosta School System (the "Valdosta School System") on January 8, 2019, and a call of election issued by the Board of Elections and Registration for Lowndes County, as Election Superintendent, notice is hereby given as follows: 1. On March 19, 2019, an election will be held in Lowndes County to submit to the qualified voters of Lowndes County the following question: 1% SALES TAX FOR EDUCATIONAL PURPOSES ( ) YES ( ) NO Shall a one percent sales and use tax for educational purposes continue to be imposed in Lowndes County for a period of time not to exceed 20 calendar quarters and for the raising of not more than $150,000,000, (A) $83,550,000 (55.7%) of which shall be distributed to the Lowndes County School District for the purposes of (i) planning and construction of new facilities, including elementary school(s), middle school(s) and high school(s); (ii) the addition, renovation, repair, and improvement to existing school buildings, facilities, and grounds, including, but not limited to, all elementary schools, middle schools, and high school(s); (iii) equipping and furnishing system-wide new construction, additions, and renovations; (iv) acquisition of school vehicles, including but not limited to, school buses, maintenance vehicles and equipment; (v) system-wide technology improvements; (vi) acquisition of security and safety systems, equipment and/or fencing; (vii) textbooks (including ebooks) and related instructional software, band and other musical instruments, vocational equipment and physical education and athletic equipment; and (viii) renovations and modifications of athletic facilities, acquisition of any property necessary and desirable for new construction, and expansion and/or improvement of existing facilities, both real and personal; and (B) $66,450,000 (44.3%) of which shall be distributed to the City of Valdosta School System for the purposes of (i) the retirement of principal and interest on previously incurred general obligation debt in the maximum amount of $37,736,500; (ii) the addition, renovation, repair and improvement to existing school buildings, facilities and grounds, including, but not limited to, all existing elementary and middle schools; (iii) equipping and furnishing system-wide new construction, additions and renovations; (iv) acquisition of school vehicles, including but not limited to school buses, maintenance vehicles and equipment; (v) system-wide technology improvements; (vi) acquisition of security and safety equipment and/or fencing; (vii) textbooks (including e-books), band and musical instruments, vocational equipment, and physical education and athletic equipment; (viii) renovations and modifications or the relocation and replacement of the Valdosta School System Central Office complex; and (ix) acquisition of any property necessary and desirable for new construction, expansion and/or improvement of existing facilities, both real and personal? If reimposition of the tax is approved by the voters in the Lowndes County School District, such vote shall also constitute approval of the issuance of general obligation debt of the Lowndes County School District in the maximum principal amount of $40,700,000 for the purpose of financing the cost of the capital outlay projects of the Lowndes County School District described above and for the payment of capitalized interest on such debt. If reimposition of the tax is approved by the voters in the Valdosta School System, such vote shall also constitute approval of the issuance of general obligation debt of the Valdosta School System in the maximum principal amount of $8,750,000 for the purpose of financing the cost of the capital outlay projects of the Valdosta School System described above and for the payment of capitalized interest on such debt. 2. All qualified voters desiring to vote in favor of imposing the one percent sales and use tax for educational purposes (the "Educational Sales Tax") shall vote "Yes" and all qualified voters opposed to levying the Educational Sales Tax shall vote "No." If more than one-half of the votes cast are in favor of imposing the Educational Sales Tax then such tax shall be imposed beginning upon the termination of the Educational Sales Tax presently in effect and shall cease to be imposed on the earlier of (a) 20 calendar quarters after the tax is imposed or (b) as of the end of the calendar quarter during which the Commissioner of the Georgia Department of Revenue determines that the Educational Sales Tax will have raised revenues sufficient to provide to the net proceeds equal to or greater than the amount specified as the maximum amount of net proceeds to be raised by the Educational Sales Tax. 3. To the extent available, the Lowndes County School District and the Valdosta School System may combine available funds from the State of Georgia with proceeds from the Educational Sales Tax and general obligation debt, if any, and any other funds available to each school district to pay the costs of capital outlay projects, and the board of education of each school district may choose which capital outlay projects to undertake or not undertake or to delay until additional funding is available to the extent that proceeds of the Educational Sales Tax and general obligation debt, if any, together with other available funds actually received by the Lowndes County School District or the Valdosta School System, are insufficient to complete any of the capital outlay projects described in the ballot question set forth above. Plans and specifications for the capital outlay projects have not been completed and bids have not been received. Depending upon acquisition and construction costs and available funds, the Lowndes County Board of Education and the Valdosta Board of Education may each add to, modify, or delete specific projects. 4. (a) If reimposition of the Educational Sales Tax is approved, and if more than one half of the votes cast in the Lowndes County School District are in favor of the reimposition of the Educational Sales Tax, such vote shall constitute approval of the issuance of general obligation debt of the Lowndes County School District in an aggregate principal amount not to exceed $40,700,000 to finance a portion of the capital outlay projects described above and to pay capitalized interest on such debt. The maximum interest rate or rates such general obligation debt shall bear shall be 6.0% per annum. The principal to be paid in each year during the life of such general obligation debt shall not exceed the following amounts: Year Amount Year 1 $7,595,000 Year 2 7,855,000 Year 3 8,125,000 Year 4 8,410,000 Year 5 8,715,000 (b) It is anticipated that proceeds from the Educational Sales Tax received by the Lowndes County School District will be sufficient to pay all principal of and interest coming due on the above-described general obligation debt. Such general obligation debt shall be payable first from the separate account in which are to be placed the proceeds received by the Lowndes County School District from the Educational Sales Tax. Such debt, however, shall constitute a pledge of the full-faith, credit, and taxing power of the Lowndes County School District, and any liability on said debt, which is not satisfied from proceeds of the Educational Sales Tax, shall be satisfied from the general funds of the Lowndes County School District. 5. (a) If reimposition of the Educational Sales Tax is approved, and if more than one half of the votes cast in the Valdosta School System are in favor of the reimposition of the Educational Sales Tax, such vote shall constitute approval of the issuance of general obligation debt of the Valdosta School System in an aggregate principal amount not to exceed $8,750,000 to finance a portion of the capital outlay projects described above and to pay capitalized interest on such debt. The maximum interest rate or rates such general obligation debt shall bear shall be 6.0% per annum. The principal to be paid in each year during the life of such general obligation debt shall not exceed the following amounts: Year Amount Year 1 $1,375,000 Year 2 1,565,000 Year 3 1,750,000 Year 4 1,935,000 Year 5 2,125,000 (b) It is anticipated that proceeds from the Educational Sales Tax received by the Valdosta School System will be sufficient to pay all principal of and interest coming due on the above-described general obligation debt. Such general obligation debt shall be payable first from the separate account in which are to be placed the proceeds received by the Valdosta School System from the Educational Sales Tax. Such debt, however, shall constitute a pledge of the full-faith, credit, and taxing power of the Valdosta School System, and any liability on said debt, which is not satisfied from proceeds of the Educational Sales Tax, shall be satisfied from the general funds of the Valdosta School System. 6. Reference is hereby made to the Official Code of Georgia Annotated 36-82-1(d) which provides in part that any brochures, listings, or other advertisements issued by the Lowndes County Board of Education, the Valdosta Board of Education, or by any other person, firm, corporation or association with the knowledge and consent of the Lowndes County Board of Education or the Valdosta Board of Education shall be deemed to be a statement of intention of the Lowndes County Board of Education or the Valdosta Board of Education concerning the use of the proceeds of the above described general obligation debt. 7. The last day to register to vote in the election is Tuesday, February 19, 2019. Anyone desiring to register may do so by applying in person at the voter registration office located at 2808 North Oak Street, Valdosta, Georgia, telephone (229) 671-2850, or by any other method authorized by the Georgia Election Code. 8. The election will be held on Tuesday, March 19, 2019. The polls will be open from 7:00 a.m. until 7:00 p.m. 9. This Notice of Election is given pursuant to a joint resolution adopted by the Lowndes County Board of Education on January 14, 2019, and by the Valdosta Board of Education on January 8, 2019. BOARD OF ELECTIONS AND REGISTRATION FOR LOWNDES COUNTY 211586 2/15,22;03/01,08,15/19
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