Amount: $52,650,000
Question
Shall Arlington County contract a debt and issue its general obligation bonds in the maximum principal amount of $52,650,000 to finance, together with other available funds, the cost of various capital projects for Arlington Public Schools?
Explanation
This proposal will make funds available for the Arlington Public Schools’ capital improvement program. The proposed bonds are expected to fund the following projects:
- Design funds to meet ten-year projected seat needs ($24,300,000)
- Major infrastructure projects ($15,400,000)
- Building refresh and kitchen renovations at Arlington Traditional School, Key Elementary School, and McKinley Elementary School ($7,650,000), and
Entrance renovations at Taylor Elementary School, Gunston Middle School, Thomas Jefferson Middle School, Williamsburg Middle School, and Wakefield High School ($5,300,000)
The School Board may reallocate bond funds among other school projects within the School Board’s Capital Improvement Plan, as amended from time to time, to the extent necessary or desirable.