Amount: $83,990,000
Question
Shall Arlington County contract a debt and issue its general obligation bonds in the maximum principal amount of $83,990,000 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 anticipated costs of the projects that may be financed under this proposal are:
• Major Infrastructure Projects ($24,600,000)
• Kenmore Synthetic Turf Field ($2,440,000)
• Refresh Legacy Career Center Building to House Montessori Public School of Arlington ($45,470,000)
• Kitchen and Entrance Renovations ($11,480,000)
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.