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HomeMy WebLinkAbout2008 - Ferndale School District No. 502 General Obligation Bonds FAILED - Technology Capital Projects Levy PASSED Special Election March 11, 2008OFFICE OF SUPERINTENDENT OF PUBLIC INSTRUCTION K-12 Fiscal Services & Policy Old Capitol Building. PO Box 47200 OLYMPIA WA 98504-7200 (360) 725-6111 TTY (360) 664-3631 WHATCOM COUNTY AUDITOR'S SCHOOL DISTRICT FINANCING ELECTIONS REPORTING FORM �DELECTION DATE 2) ` )O 0 I. MINIMUM VOTER TURNOUT REQUIREMENTS A For excess levies: Total votes cast at last November General Election B For bond issues voted upon during the year immediately following a State General Election (odd or even number year a I Total votes cast at last qualifying State General Election II. CANVASS OF ELECTION Proposition Number Dollar Amount Type of Election* # Votes For # Votes Against Passed Failed �Q t. 19 5 .3 *Type of Election Codes BO Bond M&O Maintenance & Operation CP Capital Project TVF Transportation Vehicle Fund III. LEAD/JOINT COUNTIES SEND COMPLETED REPORT WITH A BALLOT ATTACHED TO: Jennifer Priddy Assistant Superintendent K-12 Fiscal Services & Policy Office of Super. of Public Instruction PO BOX 47200 OLYMPIA WA 98504-7200 (REV 4/05) U)O WHATCOM COUNTY AUDITOR'S OFFICE OFFICIAL CANVASS OF THE SPECIAL ELECTION HELD TUESDAY, MARCH 11, 2008, IN FERNDALE SCHOOL DISTRICT NO. 502, WHATCOM COUNTY, WASHINGTON, FOR THE PURPOSE OF SUBMITTING TO THE QUALIFIED ELECTORS OF THE DISTRICT THE PROPOSITIONS FOR $21,000,000 IN GENERAL OBLIGATION BONDS AND A TECHNOLOGY CAPITAL PROJECTS LEVY. OATH OF AUDITOR STATE OF WASHINGTON ) ) ss. COUNTY OF WHATCOM ) I do solemnly swear that the returns purporting to be the election returns of Ferndale School District No. 502, Whatcom County, Washington, from the Special Election held on March 11, 2008, have been in no way altered and that they are the same as when they were deposited in my office. Wbalticom County Chief Deputy Auditor Subscribed and sworn to before me this 26t" day of March 2008. ,Whatcom p6unty Legislative Authority CERTIFICATION OF CANVASSING BOARD STATE OF WASHINGTON ) ) ss. COUNTY OF WHATCOM ) THIS IS TO CERTIFY THAT WE, as the Whatcom County Canvassing Board have completed the canvass of votes as it pertains to the Special Election held in the precincts within the boundaries of Ferndale School District No. 502, Whatcom County, Washington, on the 11th day of March 2008 and the results are as follows: j FERNDALE 5CHGOL DISTRICT NO.502 1 PROPOSITION NO. 1 FERNDALE SCHOOL DISTRICT NO. 502 GENERAL OBLIGATION BONDS - $21.000,000 The Hoard of Directors of Ferndale Sdool Oislrlct No. 502 approved a proposition for bonds. This proposilion authorizes the District to aNulre, construct and equip replacement schools for Custer Elementary and the 1938 8unlding at North Bellingham Elementary and modernize North Bellingham Elementary School; undertake safely upgrades, make technology improvements and make other capital ingvovements; to issue $21,D00,000 of general obligation bonds malrmng within a maximum term of 17 ears; and to levy additional property taxes annually to repay the bounds, as described In Resolution A19.2007, Should this proposition be: APPROVED REJECTED PROPOSITION NO.2 FERNDALE SCHOOL DISTRICT NO. 502 TECHNOLOGY CAPITAL PROJECTS LEVY Minimum Numbers for Validation: Number of persons voting last General Election: 8,121 40% Turnout 3,249 Needs 60% Yes Vote ACTUAL RESULTS: APPROVED — 3,636 56.33% REJECTED — 2,819 43.67% BONDS FAILED 56.33% Bonds failed because it did not receive a 60% "Yes" vote - The Board of Directors of Femdale School Mstricl No. 502 adopted Resol0oa 920-2007 concerning a technology modernization levy. The proposition author"s the modemizatnn of District Weilli les by implementing [ethnology facilii es and projecs and the application and modernization of lechnology systems for operations and mslruchon; and authorizes the following excess levies for such purposes on ail taxable property wwn the Dislrid: Collection Years Approximate Levy Ralel$1.000 sled Value Levy Amount 2009 $.19 $700,000 2010 $.18 $700,000 2011 $.17 S700AN 2012 $.16 $700,000 2013 $.16 MUM 2014 $.15 $700.000 all as provided in District Resolution #20-2007. Should this proposition be approved? YES - 3,445 NO - 3,001 YES LEVY PASSED NO The canvass has been completed this 26th day of March 2008. ,jT3ITa�+�''�'•••, ,�rr�11h� 53.44% 46.56% WHATCOM COUNTY CANVASSING BOARD County Chief Deputy Auditor •�� �, r,` ,.•; I 000t1TY ,County Legislative Authority = ,: S T P, T E 0 F CDun y rosecuting Attorney Page 2 0000 , Ballot Measure Submitted Checklist == Attach to front of folder 0;1 Ballot Measure Submitted: gyp,--' o n iq .- ac p Date completed Initial _ Submitted by: 5Ka_WR r1hem -� Contact Phone #: 03kaU lb Email Address: Check signed by Commissioners 1 Copy to Shirley and 1 copy Nancy Routed to Pros Atty (county & districts only) Signed & Returned by Pros Atty (county & dist only) Reviewed by CDA and Auditor Copy sent to District Office if applicable Publish Notice of Closing Registration (40 days prior to election) Ballot Layout Prepared Publish Official Notice of Election in Newspaper (6 days prior to election) Copy of Canvass Report sent to submitter of ballot issue Obtain Receipt from Treasurer & Assessor of results If school issue, send copy of canvass report to Supt of Public Instruction (form SPI M-466) After Election hPolicies & Procedures\Elections\02_Pre-Election\02_Filing - Ballot Measures\FRM Ballot Measure CHECKLIST.doc Adopted 7/27/06 WHATCOM COUNTY AUDITOR'S OFFICE Whatcom County Courthouse 311 Grand Avenue, Suite 103 Bellingham, WA 98225-4038 Email: Auditor@co.whatcom.wa.us Internet: www.co.whatcom.wa.us/auditor �GoM Co Z,P . Gy �SHING10 MAILED VIA CERTIFIED MAIL ON JANUARY 24, 2008 January 24, 2008 Dr. Roger L. Lehnert, Superintendent Ferndale School District No. 502 P O Box 698 Ferndale WA 98248 RE: Ballot Titles: Proposition No. 1 Ferndale School District No. 502 General Obligation Bonds - $21,000,000 Proposition No. 2 Ferndale School District No. 502 Technology Capital Projects Levy Dear Dr. Lehnert SHIRLEY FORSLOF COUNTY AUDITOR DEBBIE ADELSTEIN CHIEF DEPUTY Phone: 360-676-6740 FAX: 360-738-4556 Enclosed are true copies of the ballot title for Proposition No. 1 Ferndale School District No. 502 General Obligation Bonds - $21,000,000 and Proposition No. 2 Ferndale School District No. 502 Technology Capital Projects Levy filed with the Whatcom County Auditor's Office on December 28, 2007. This notice of the exact language of the ballot title is being provided as RCW 29A.36.080. Sincerely, Shirley Forslof Whatcom County Auditor Encl: 2 cc: Shawn Flaherty Licensing Recording Elections Administration/Internal Audit Tit Licensing@comhatcornma.us Recording@comhatcornma.us Elections@comhatcornma.us 360-676-6744 360-676-6740 360-676-6740 360-676-6742 360-676-6740 ext50065 360-738-4555 OFFICIAL BALLOT FERNDALE SCHOOL DISTRICT NO. 502, WHATCOM COUNTY, WASHINGTON March 11, 2008 INSTRUCTIONS TO VOTERS: To vote in favor of the following proposition, place a cross (X). in the square opposite the word "APPROVED"; to vote against the following proposition, place a cross (X) in the square opposite the word "REJECTED." PROPOSITION NO. ONE FERNDALE SCHOOL DISTRICT NO. 502 GENERAL OBLIGATION BONDS - $21,000,000�/. The Board of Directors of Ferndale School District No.502 approved a proposition for bonds. This proposition authorizes the District to acquire, construct and equip replacement schools for Custer Elementary and the 1938 Building at North Bellingham Elementary and modernize North Bellingham Elementary School; undertake safety upgrades, make technology improvements and make other capital improvements; to issue $21,000,000 of general obligation bonds maturing within a maximum term of 17 years; and to levy additional property taxes annually to repay the bonds, as described in Resolution #19-2007. Should this proposition be: APPROVED?.......................................................................................... ❑ REJECTED?............................................................................................ ❑ PA20287 CMAA20287 7UN 12/20107 OFFICIAL BALLOT FERNDALE SCHOOL DISTRICT NO, 502 WHATCOM COUNTY, WASHINGTON March 11, 2008 INSTRUCTIONS TO VOTERS: To vote in favor of the following proposition, place a cross (X) in the square opposite the words "YES"; to vote against the following proposition, place a cross (X-) in the square opposite the words "NO." PROPOSITION NO.2 FERNDALE SCHOOL DISTRICT NO. 502 TECHNOLOGY CAPITAL PROJECTS LEVY The Board of Directors of Ferndale School District No. 502 adopted Resolution #20-2007 concerning a technology modernization levy. The proposition authorizes the modernization of District "facilities by implementing technology facilities and projects and the application and modernization of technology systems for operations and instruction; and authorizes the following excess levies for such purposes on all taxable property within the District: Approximate Collection Levy Rate/$1,000 Levy Years Assessed Value Amount 2009 $.19 $700,000 2010 $.18 $700,000 2011 $.17 $700,000 2012 $.16 $700,000 2013 $.16 $700,000 2014 $.15 $700,000 all as provided in District Resolution #20-2007. Should this proposition be approved? YES......... ❑ NO......... ❑ RQ0287 CMIM20287 7SU 12/20/07 Whatcom County<�oM�o`rA Auditor's Office` 311 Grand Avenue, Suite 103 MAN Bellingham, WA 98225-4186 360.676-6740 360-738-4556 FAX 360-738-4555 TTY and itor&o.whatcom.wa. us whatcomma.uslauditor 12/28/2007 Whatcom County Auditor Elections Division TO: Prosecuting Attorney's Office / Royce Buckingham FROM: The Office of the Whatcom County Auditor: ELECTIONS SUBJ: BALLOT TITLE Please look over this ballot title for Ferndale School District 502 General Obligation Bonds for the March 11, 2008 Special Election Please sign -off and return to the Election Department after review. Thank You ! Celeste 50063 I:\Policies & Pro cedures\Elections\02_Pre-Election\02_Filing - Ballot Measures\FRM Prosecuting Atty ballot title letter.doc FERNDALE SCHOOL DISTRICT NO. 502 WHATCOM COUNTY, WASHINGTON GENERAL OBLIGATION BONDS RESOLUTION NO. 19-2007 A RESOLUTION of the Board of Directors of Ferndale School District No. 502, Whatcom County, Washington, providing for the form of the ballot proposition and specifying certain other details concerning submission to the qualified electors of the district at a special election to be held therein on March 11, 2008, of a proposition for the issuance of its general obligation bonds in the aggregate principal amount of $21,000,000, or so much thereof as may be issued under the laws governing the indebtedness of school districts for the purpose of providing funds to construct, equip, modernize and make other capital improvements to the facilities of the District and authorizing the Superintendent to submit a request for eligibility for the Washington State School District Credit Enhancement Program. ADOPTED DECEMBER 21, 2007 K&L PRESTON GATES ELLIS LLP Seattle, Washington CERTIFICATE I, the undersigned, Secretary of the Board of Directors of Ferndale School District No. 502, Whatcom County, Washington (the "District"), and keeper of the records of the Board of Directors (the "Board"), DO HEREBY CERTIFY: 1. That the attached resolution is a true and correct copy of Resolution No. 19-2007 of the Board (herein called the "Resolution"), duly adopted at a regular meeting thereof held on the 21 st day of December, 2007. 2. That said meeting was duly convened and held in all respects in accordance with law, and to the extent required by law, due and proper notice of such meeting was given; that a legal quorum was present throughout the meeting and a legally sufficient number of members of the Board voted in the proper manner for the adoption of said Resolution; that all other requirements and proceedings incident to the proper adoption of said Resolution have been duly fulfilled, carried out and otherwise observed; and that I am authorized to execute this certificate. 2007. IN WITNESS WHEREOF, I have hereunto set my hand this 21 st day of December, Secretary, Board of Directors P120287 CM020287 7UN 12/20/07 Whatcom County <�om-F iP `'ya Auditor's Office 3 ` 311 Grand Avenue, Suite 103 �9gHN`Z0r Bellingham, WA 98225-4186 360-676-6740 360-738-4556 FAX 360.738.4555 TTY auditor@comhatcomma.us whatcomma.us/auditor 12/28/2007 Whatcom County Auditor Elections Division TO: Prosecuting Attorney's Office / Royce Buckingham FROM: The Office of the Whatcom County Auditor: ELECTIONS SUBJ: BALLOT TITLE Please look over this ballot title for Ferndale School District 502 General Obligation Bonds for the March 11, 2008 Special Election Please sign -off and return to the Election Department after review. Thank You ! Celeste 50063 I:\Policies & Procedures\Elections\02_Pre-Election\02_Filing - Ballot Measures\FRM Prosecuting Atty ballot title letter,doc VERSION TWO FERNDALE SCHOOL DISTRICT NO. 502 WHATCOM COUNTY, WASHINGTON GENERAL OBLIGATION BONDS RESOLUTION NO. 19-2007 A RESOLUTION of the Board of Directors of Ferndale School District No. 502, Whatcom County, Washington, providing for the form of the ballot proposition and specifying certain other details concerning submission to the qualified electors of the district at a special election to be held therein on March 11, 2008, of a proposition for the issuance of its general obligation bonds in the aggregate principal amount of $21,000,000, or so much thereof as may be issued under the laws governing the indebtedness of school districts for the purpose of providing funds to construct, equip, modernize and make other capital improvements to the facilities of the District and authorizing the Superintendent to submit a request for eligibility for the Washington State School District Credit Enhancement Program. ADOPTED DECEMBER 21, 2007 PREPARED BY: RECEIVED K&L PRESTON GATES ELLIS LLP 20�1 UEC Seattle, Washington 2 �T 00 RESOLUTION NO. 19-2007 TABLE OF CONTENTS' Page Recitals...................................................................................................................................... 1 Section1. Findings................................................................................................................ 2 Section 2. Capital Improvements............................................................................................ 2 Section 3. Authorization of Bonds ........................................................ ........... 4 ....................... Section4. Details of Bonds...................................................................................................... 5 Section5. Election.................................................................................................................. 5 Section 6. Request for Eligibility for the Credit Enhancement Program .................................. 6 Section7. Severability............................................................................................................ 6 Section8. Effective Date........................................................................................................ 7 ' This Table of Contents and the cover page are not a part of the following resolution and are included only for the convenience of the reader. -1- P:\20287CMVV\20287 7UN 12/20/07 RESOLUTION NO. 19-2007 A RESOLUTION of the Board of Directors of Ferndale School District No, 502, Whatcom County, Washington, providing for the form of the ballot proposition and specifying certain other details concerning submission to the qualified electors of the district at a special election to be held therein on March 11, 2008, of a proposition for the issuance of its general obligation bonds in the aggregate principal amount of $21,000,000, or so much thereof as may be issued under the laws governing the indebtedness of school districts for the purpose of providing funds to construct, equip, modernize and make other capital improvements to the facilities of the District and authorizing the Superintendent to submit a request for eligibility for the Washington State School District Credit Enhancement Program. WHEREAS, improvements to school facilities are needed in Ferndale School District No. 502, Whatcom County, Washington (the "District"), in order to provide the students of the District with adequate, proper and safe educational facilities; and WHEREAS, in order to provide part of the funds to enable the District to construct, equip, modernize and make such necessary capital improvements to its facilities, it is deemed necessary and advisable that the District issue and sell its unlimited tax levy general obligation bonds in the principal amount of $21,000,000 (the "Bonds"); and WHEREAS, the Constitution and laws of the State of Washington (including RCW 28A.530.010 and RCW 84.52.056) provide that the question of whether or not such Bonds may be issued and sold for such purposes and taxes levied to pay such Bonds must be submitted to the qualified electors of the District for their ratification or rejection; and WHEREAS, in RCW ch. 39.98 (the "Credit Enhancement Act"), the State Legislature established a credit enhancement program (the "Program") for the purpose of establishing a credit enhancement program (the "Program") for voter -approved school district general obligation bonds; and WHEREAS, Section 39.98.040 of the Credit Enhancement Act authorizes the state treasurer to make a determination that a school district is eligible for participation in the Program if the state treasurer determines that the district is eligible under rules adopted by the state finance committee; and WHEREAS, the District may elect to participate in the Program upon an administrative determination that it is cost-effective; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF FERNDALE SCHOOL DISTRICT NO. 502, WHATCOM COUNTY, WASHINGTON, as follows: Section 1. Findings. This Board of Directors (the. "Board") hereby finds and declares that the best interest of the students and other inhabitants of the District require the District to carry out the plans hereinafter provided at the time or times and in the order deemed most necessary and advisable by the Board. Section 2. Capital Improvements. The District shall make the following capital improvements (the "Improvements"): • Demolish Custer Elementary School and acquire, construct and equip a new school to replace Custer Elementary School; 0 Demolish the 1938 Building at North Bellingham Elementary School and acquire, construct and equip a new replacement building and modernize the remaining facilities at North Bellingham Elementary. School; • Undertake safety upgrades at facilities throughout the District; and • If funds are sufficient, acquire and install a new telephone system for the District. -2- P:\2Q287_CMVA20237_7UN 12/20107 The cost of all necessary architectural, engineering, and other consulting services, inspection and testing, administrative and relocation expenses, on and off -site utilities, site acquisition, related improvements and other costs incurred in connection with the making of the foregoing capital Improvements shall be deemed a part of the costs of such Improvements. Such Improvements shall be complete with all necessary furniture, equipment and appurtenances. If available funds are sufficient from the proceeds of Bonds authorized for the above purposes, and state or local circumstances require, the District shall use such funds to pay the principal of or interest on the bonds or construct, equip, modernize and make other capital improvements to the facilities of the District, all as the Board of Directors may determine, after holding a public hearing thereon pursuant to RCW 28A.530.020. The District shall determine the application of available moneys as between the various Improvements set forth above so as to accomplish, as nearly as may be, all of the Improvements described or provided for in this section. The District shall determine the exact extent and specifications for construction of structures or other improvements. If the Board shall determine that it has become impractical to accomplish any of such Improvements or portions thereof by reason of state or local circumstances, including changed conditions, incompatible development or costs substantially in excess of those estimated, the District shall not be required to accomplish such Improvements and may apply the Bond proceeds or any portion thereof to other portions of the Improvements, to other capital improvements, or to payment of principal of or interest on the Bonds, as the Board may determine after holding a public hearing thereon pursuant to RCW 28A.530.020. In the event that the proceeds of sale of the Bonds, plus any other moneys of the District legally available, are insufficient to accomplish all of the Improvements provided by this section, -3- P:%20287 CMM0287 7UN 12/20/07 the District shall use the available funds for paying the cost of those Improvements for which the Bonds were approved deemed by the Board most necessary and in the best interest of the District. The District does not anticipate receiving funds from the State of Washington pursuant to Chapter 28A.525 RCW. Such funds may also be applied to pay the principal of or interest on the bonds provided for herein or to make other capital improvements to the facilities of the District as the Board may determine after holding a public hearing thereon pursuant to RCW 28A.530.020. Section 3. Authorization of Bonds: For the purpose of providing part of the funds necessary to pay the cost of the Improvements described in Section 2 hereof and/or to reimburse the District (including the General Fund if capital expenditures have been made from the General Fund) for such costs to the extent that District funds have been used for such purposes, together with incidental costs and costs related to the sale and issuance of the Bonds, the District shall issue and sell its unlimited tax levy general obligation bonds in the principal amount of not to exceed $21,000,000. The balance of the cost of such Improvements shall be paid out of any moneys which the District now has or may later have on hand which are legally available for such purposes, including impact fees, and out of possible state or federal grants of money. None of the Bond proceeds shall be used for the replacement of equipment or for any other than a capital purpose. Such Bonds shall be issued in an amount not exceeding the amount approved by the qualified electors of the District as required by the Constitution and laws of the State of Washington or exceeding the amount permitted by the Constitution and laws of the State of Washington. -4- PA20287 CMW 20287 7UN 12/20/07 Section 4. Details of Bonds. The Bonds provided for in Section 3 hereof shall be sold in such amounts and at such time or times as deemed necessary and advisable by this Board and as permitted by law, shall bear interest, simple or compounding, at a rate or rates not to exceed the maximum rate permitted by law at the time the Bonds are sold, and shall mature in such amounts and at such times within a maximum term of seventeen (17) years from date of issue, but may mature at an earlier date or dates, as authorized by this Board and as provided by law. Said Bonds shall be general obligations of the District and, unless paid from other sources, both principal thereof and interest thereon shall be payable out of annual tax levies to be made upon all the taxable property within the District without limitation as to rate or amount and in excess of any constitutional or statutory tax limitations. The exact date, form, terms and maturities of said Bonds shall be as hereafter fixed by resolution of the Board of Directors. After voter approval of the bond proposition and in anticipation of the issuance of such bonds, the District may issue short term obligations as authorized and provided by Chapter 39.50 RCW. The proceeds of such Bonds may be used to redeem and retire short term obligations or to reimburse the District for expenditures previously made for such Improvements. Section 5. Election. It is hereby found and declared that the best interests of the District requires the submission to the qualified electors of the District of the proposition of whether the District shall issue the Bonds at a special election to be held on March 11, 2008. The Whatcom County Auditor as ex officio supervisor of elections in Whatcom County, Washington is hereby requested to call and conduct the special election to be held within the District and to submit to the qualified electors of the District the proposition set forth below. The Secretary of the Board is hereby authorized and directed to certify the proposition to said officials in the following form: -5- PA20287 CMIM20287 7UN 12/20107 PROPOSITION NO. ONE FERNDALE SCHOOL DISTRICT NO. 502 GENERAL OBLIGATION BONDS - $21,000,000 The Board of Directors of Ferndale School District No. 502 approved a proposition for bonds. This proposition authorizes the District to acquire, construct and equip replacement schools for Custer Elementary and the 1938 Building at North Bellingham Elementary and modernize North Bellingham Elementary School; undertake safety upgrades, make technology improvements and make other capital improvements; to issue $21,000,000 of general obligation bonds maturing within a maximum term of 17 years; and to levy additional property taxes annually to repay the bonds, as described in Resolution #19-2007. Should this proposition be: APPROVED?.......................................................................................... ❑ REJECTED?............................................................................................ ❑ The Secretary of the Board of Directors is hereby authorized to deliver a certified copy of this resolution to the Whatcom County Auditor. Section 6. Request for Eligibility for the Credit Enhancement Program. In preparation for the issuance and sale of the Bonds after approval by the voters, the Board of Directors hereby requests that the State Treasurer issue a certificate of eligibility in favor of the District for participation by the District in the Program with respect to the Bonds. The Superintendent is hereby authorized (following voter approval) to submit such applications, resolutions and certifications as shall be required by the State Treasurer in reviewing the District's request for participation. Section 7. Severability. In the event that any provision of this resolution shall be held to be invalid, such invalidity shall not affect or invalidate any other provision of this resolution or the Bonds, but they shall be construed and enforced as if such invalid provision had not been -6- P:%20287 CMVN20287 7UN 12/20/07 contained herein; provided, however, that any provision which shall for any reason be held by reason of its extent to be invalid shall be deemed to be in effect to the extent permitted by law. Section 8. Effective Date. This resolution shall become effective immediately upon its adoption. ADOPTED by the Board of Directors of Ferndale School District No. 502, Whatcom County, Washington, at a regular meeting held this 21st day of December, 2007 ATTEST: 0 V 0�;=1—H 'M. FERNDALE SCHOOL DISTRICT NO. 502, WHATCOM COUNTY, WASHINGTON By hAl President 4d Director Director Directo Director -7- P:120287 CNNN20287 7UN 12120/07 CERTIFICATE I, the undersigned, Secretary of the Board of Directors of Ferndale School District No. 502, Whatcom County, Washington (the "District"), and keeper of the records of the Board of Directors (the "Board"), DO HEREBY CERTIFY: 1. That the attached resolution is a true and correct copy of Resolution No. 19-2007 of the Board (herein called the "Resolution"), duly adopted at a regular meeting thereof held on the 21 st day of December, 2007. 2. That said meeting was duly convened and held in all respects in accordance with law, and to the extent required by law, due and proper notice of such meeting was given; that a legal quorum was present throughout the meeting and a legally sufficient number of members of the Board voted in the proper manner for the adoption of said Resolution; that all other requirements and proceedings incident to the proper adoption of said Resolution have been duly fulfilled, carried out and otherwise observed; and that I am authorized to execute this certificate. 2007. IN WITNESS WHEREOF, I have hereunto set my hand this 21 st day of December, Board of • PA20287 CMVN20287 7UN 12/20/07 OFFICIAL BALLOT FERNDALE SCHOOL DISTRICT NO. 502, WHATCOM COUNTY, WASHINGTON March 11, 2008 INSTRUCTIONS TO VOTERS: To vote in favor of the following proposition, place a cross (X) in the square opposite the word "APPROVED"; to vote against the following proposition, place a cross (X) in the square opposite the word "REJECTED." PROPOSITION NO. ONE FERNDALE SCHOOL DISTRICT NO. 502 GENERAL OBLIGATION BONDS - $21,000,000 The Board of Directors of Ferndale School District No. 502 approved a proposition for bonds. This proposition authorizes the District to acquire, construct and equip replacement schools for Custer Elementary and the 1938 Building at North Bellingham Elementary and modernize North Bellingham Elementary School; undertake safety upgrades, make technology improvements and make other capital improvements; to issue $21,000,000 of general obligation bonds maturing within a maximum term of 17 years; and to levy additional property taxes annually to repay the bonds, as described in Resolution #19-2007. Should this proposition be: APPROVED?.......................................................................................... ❑ REJECTED?............................................................................................ ❑ PA20287 C~20287 7UN 12l20ro7 NOTICE OF SPECIAL ELECTION FERNDALE SCHOOL DISTRICT NO. 502 WHATCOM COUNTY, WASHINGTON March 11, 2008 NOTICE IS HEREBY GIVEN that on Tuesday, March 11, 2008, a special election will be held in the above -named school district for the submission to the qualified electors of said school district of the following proposition: PROPOSITION NO. ONE FERNDALE SCHOOL DISTRICT NO. 502 GENERAL OBLIGATION BONDS - $21,000,000 The Board of Directors of Ferndale School District No. 502 approved a proposition for bonds. This proposition authorizes the District to acquire, construct and equip replacement schools for Custer Elementary and the 1938 Building at North Bellingham Elementary and modernize North Bellingham Elementary School; undertake safety upgrades, make technology improvements and make other capital improvements; to issue $21,000,000 of general obligation bonds maturing within a maximum term of 17 years; and to levy additional property taxes annually to repay the bonds, as described in Resolution #19-2007. Should this proposition be: APPROVED?....................................................................................................... ❑ REJECTED?......................................................................................................... ❑ Whatcom County Auditor P120287 CMVV120287 7UN 12I20l07 OFFICE OF THE WHATCOM COUNTY AUDITOR WHEREAS, the undersigned as the duly elected, qualified and acting Auditor of Whatcom County, Washington, has jurisdiction of and is required by law to conduct all special elections for school districts within the County; and WHEREAS, Ferndale School District No. 502, Whatcom County, Washington, lies entirely within the boundaries of Whatcom County; and WHEREAS, the Board of Directors of said district by resolution adopted December 21, 2007, a certified copy of which has been delivered to the undersigned, has found that has found that the best interests of the District require the holding of a special election on March 11, 2008; and WHEREAS, said district by said resolution has authorized and directed the undersigned to assume jurisdiction of and conduct said special election; NOW, THEREFORE, it is hereby authorized and ordered as follows: The undersigned hereby assumes jurisdiction within Whatcom County of the above - mentioned special election of Ferndale School District No. 502, Whatcom County, Washington, authorized and ordered by resolution of its Board of Directors adopted on December 21, 2007, and will conduct said special election to be held on March 11, 2008. DATED at Bellingham, Washington, this J-1— day of 120(8. County P:120287 CMM20287 7UN 12/20/07 FERNDALE SCHOOL DISTRICT NO. 502 WHATCOM COUNTY, WASHINGTON GENERAL OBLIGATION BONDS RESOLUTION NO. 19-2007 A RESOLUTION of the Board of Directors of Ferndale School District No. 502, Whatcom County, Washington, providing for the form of the ballot proposition and specifying certain other details concerning submission to the qualified electors of the district at a special election to be held therein on March 11, 2008, of a proposition for the issuance of its general obligation bonds in the aggregate principal amount of $21,000,000, or so much thereof as may be issued under the laws governing the indebtedness of school districts for the purpose of providing funds to construct, equip, modernize and make other capital improvements to the facilities of the District and authorizing the Superintendent to submit a request for eligibility for the Washington State School District Credit Enhancement Program. ADOPTED DECEMBER 21, 2007 PREPARED BY: K&L PRESTON GATES ELLIS LLP Seattle, Washington RF.CEIVED OEC 2 S Z007 wIRLEY "AMATC� ��Pk)DMW RESOLUTION NO. 19-2007 TABLE OF CONTENTS* Page Recitals.............................................................................................. ................ 1 ........................ Section1. Findings................................................................................................................. 2 Section2. Capital Improvements............................................................................................ 2 Section 3. Authorization of Bonds.......................................................................................... 4 Section 4. Details of Bonds..................................................................................................... 5 Section5. Election.................................................................................................................. 5 Section 6. Request for Eligibility for the Credit Enhancement Program .................................. 6 Section7. Severability............................................................................................................ 6 Section8. Effective Date........................................................................................................ 7 * This Table of Contents and the cover page are not a part of the following resolution and are included only for the convenience of the reader. -1- P:120287 CMM20287 7UN 12/20/07 RESOLUTION NO. 19-2007 A RESOLUTION of the Board of Directors of Ferndale School District No. 502, Whatcom County, Washington, providing for the form of the ballot proposition and specifying certain other details concerning submission to the qualified electors of the district at a special election to be held therein on March 11, 2008, of a proposition for the issuance of its general obligation bonds in the aggregate principal amount of $21,000,000, or so much thereof as may be issued under the laws governing the indebtedness of school districts for the purpose of providing funds to construct, equip, modernize and make other capital improvements to the facilities of the District and authorizing the Superintendent to submit a request for eligibility for the Washington State School District Credit Enhancement Program. WHEREAS, improvements to school facilities are needed in Ferndale School District No. 502, Whatcom County, Washington (the "District"), in order to provide the students of the District with adequate, proper and safe educational facilities; and WHEREAS, in order to provide part of the funds to enable the District to construct, equip, modernize and make such necessary capital improvements to its facilities, it is deemed necessary and advisable that the District issue and sell its unlimited tax levy general obligation bonds in the principal amount of $21,000,000 (the "Bonds"); and WHEREAS, the Constitution and laws of the State of Washington (including RCW 28A.530.010 and RCW 84.52.056) provide that the question of whether or not such Bonds may be issued and sold for such purposes and taxes levied to pay such Bonds must be submitted to the qualified electors of the District for their ratification or rejection; and WHEREAS, in RCW ch. 39.98 (the "Credit Enhancement Act"), the State Legislature established a credit enhancement program (the "Program") for the purpose of establishing a credit enhancement program (the "Program") for voter -approved school district general obligation bonds; and WHEREAS, Section 39.98.040 of the Credit Enhancement Act authorizes the state treasurer to make a determination that a school district is eligible for participation in the Program if the state treasurer determines that the district is eligible under rules adopted by the state finance committee; and WHEREAS, the District may elect to participate in the Program upon an administrative determination that it is cost-effective; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF FERNDALE SCHOOL DISTRICT NO. 502, WHATCOM COUNTY, WASHINGTON, as follows: Section 1. Findings. This Board of Directors (the. `Board") hereby finds and declares that the best interest of the students and other inhabitants of the District require the District to carry out the plans hereinafter provided at the time or times and in the order deemed most necessary and advisable by the Board. Section 2. Capital Improvements. The District shall make the following capital improvements (the "Improvements"): • Demolish Custer Elementary School and acquire, construct and equip a new school to replace Custer Elementary School; • Demolish the 1938 Building at North Bellingham Elementary School and acquire, construct and equip a new replacement building and modernize the remaining facilities at North Bellingham Elementary. School, • Undertake safety upgrades at facilities throughout the District; and • If funds are sufficient, acquire and install a new telephone system for the District. -2- RQ0287 CMM0287 7UN 12/20/07 The cost of all necessary architectural, engineering, and other consulting services, inspection and testing, administrative and relocation expenses, on and off -site utilities, site acquisition, related improvements and other costs incurred in connection with the making of the foregoing capital Improvements shall be deemed a part of the costs of such Improvements. Such Improvements shall be complete with all necessary furniture, equipment and appurtenances. If available funds are sufficient from the proceeds of Bonds authorized for the above purposes, and state or local circumstances require, the District shall use such funds to pay the principal of or interest on the bonds or construct, equip, modernize and make other capital improvements to the facilities of the District, all as the Board of Directors may determine, after holding a public hearing thereon pursuant to RCW 28A.530.020. The District shall determine the application of available moneys as between the various Improvements set forth above so as to accomplish, as nearly as may be, all of the Improvements described or provided for in this section. The District shall determine the exact extent and specifications for construction of structures or other improvements. If the Board shall determine that it has become impractical to accomplish any of such Improvements or portions thereof by reason of state or local circumstances, including changed conditions, incompatible development or costs substantially in excess of those estimated, the District shall not be required to accomplish such Improvements and may apply the Bond proceeds or any portion thereof to other portions of the Improvements, to other capital improvements, or to payment of principal of or interest on the Bonds, as the Board may determine after holding a public hearing thereon pursuant to RCW 28A.530.020. In the event that the proceeds of sale of the Bonds, plus any other moneys of the District legally available, are insufficient to accomplish all of the Improvements provided by this section, -3- PA20287 CMM20287 7UN 12720/07 the District shall use the available funds for paying the cost of those Improvements for which the Bonds were approved deemed by the Board most necessary and in the best interest of the District. The District. does not anticipate receiving funds from the State of Washington pursuant to Chapter 28A.525 RCW. Such funds may also be applied to pay the principal of or interest on the bonds provided for herein or to make other capital improvements to the facilities of the District as the Board may determine after holding a public hearing thereon pursuant to RCW 28A.530.020. Section 3. Authorization of Bonds. For the purpose of providing part of the funds necessary to pay the cost of the Improvements described in Section 2 hereof and/or to reimburse the District (including the General Fund if capital expenditures have been made from the General Fund) for such costs to the extent that District funds have been used for such purposes, together with incidental costs and costs related to the sale and issuance of the Bonds, the District shall issue and sell its unlimited tax levy general obligation bonds in the principal amount of not to exceed $21,000,000. The balance of the cost of such Improvements shall be paid out of any moneys which the District now has or may later have on hand which are legally available for such purposes, including impact fees, and out of possible state or federal grants of money. None of the Bond proceeds shall be used for the replacement of equipment or for any other than a capital purpose. Such Bonds shall be issued in an amount not exceeding the amount approved by the qualified electors of the District as required by the Constitution and laws of the State of Washington or exceeding the amount permitted by the Constitution and laws of the State of Washington. -4- PA20257 CMW\202a7 7UN 12/20/07 Section 4. Details of Bonds. The Bonds provided for in Section 3 hereof shall be sold in such amounts and at such time or times as deemed necessary and advisable by this Board and as permitted by law, shall bear interest, simple or compounding, at a rate or rates not to exceed .the maximum rate permitted by law at the time the Bonds are sold, and shall mature in such amounts and at such times within a maximum term of seventeen (17) years from date of issue, but may mature at an earlier date or dates, as authorized by this Board and as provided by law. Said Bonds shall be general obligations of the District and, unless paid from other sources, both principal thereof and interest thereon shall be payable out of annual tax levies to be made upon all the taxable property within the District without limitation as to rate or amount and in excess of any constitutional or statutory tax limitations. The exact date, form, terms and maturities of said Bonds shall be as hereafter fixed by resolution of the Board of Directors. After voter approval of the bond proposition and in anticipation of the issuance of such bonds, the District may issue short term obligations as authorized and provided by Chapter 39.50 RCW. The proceeds of such Bonds may be used to redeem and retire short term obligations or to reimburse the District for expenditures previously made for such Improvements. Section 5. Election. It is hereby found and declared that the best interests of the District requires the submission to the qualified electors of the District of the proposition of whether the District shall issue the Bonds at a special election to be held on March 11, 2008. The Whatcom County Auditor as ex officio supervisor of elections in Whatcom County, Washington is hereby requested to call and conduct the special election to be held within the District and to submit to the qualified electors of the District the proposition set forth below. The Secretary of the Board is hereby authorized and directed to certify the proposition to said officials in the following form: -5- P:120287 CMM20287 7UN 12f20107 PROPOSITION NO. ONE FERNDALE SCHOOL DISTRICT NO. 502 GENERAL OBLIGATION BONDS - $21,000,000 The Board of Directors of Ferndale School District No. 502 approved a proposition for bonds. This proposition authorizes the District to acquire, construct and equip replacement schools for Custer Elementary and the 1938 Building at North Bellingham Elementary and modernize North Bellingham Elementary School; undertake safety upgrades, make technology improvements and make other capital improvements; to issue $21,000,000 of general obligation bonds maturing within a maximum term of 17 years; and to levy additional property taxes annually to repay the bonds, as described in Resolution #19-2007. Should this proposition be: APPROVED?.......................................................................................... ❑ REJECTED?............................................................................................ ❑ The Secretary of the Board of Directors is hereby authorized to deliver a certified copy of this resolution to the Whatcom County Auditor. Section 6. Request for Eligibility for the Credit Enhancement Program. In preparation for the issuance and sale of the Bonds after approval by the voters, the Board of Directors hereby requests that the State Treasurer issue a certificate of eligibility in favor of the District for participation by the District in the Program with respect to the Bonds. The Superintendent is hereby authorized (following voter approval) to submit such applications, resolutions and certifications as shall be required by the State Treasurer in reviewing the District's request for participation. Section 7. Severability. In the event that any provision of this resolution shall be held to be invalid, such invalidity shall not affect or invalidate any other provision of this resolution or the Bonds, but they shall be construed and enforced as if such invalid provision had not been -6- P:Q0287 CMWx2oze7 SUN 12/2=7 contained herein; provided, however, that any provision which shall for any reason be held by reason of its extent to be invalid shall be deemed to be in effect to the extent permitted by law. Section 8. Effective Date. This resolution shall become effective immediately upon its adoption. ADOPTED by the Board of Directors of Ferndale School District No. 502, Whatcom County, Washington, at a regular meeting held this 21 st day of December, 2007 ATTEST: FERNDALE SCHOOL DISTRICT NO. 502, WHATCOM COUNTY, WASHINGTON By President d Director Director Directo Director -7- P:=87 CNNIA20287 7UN 12f20/07 CERTIFICATE I, the undersigned, Secretary of the Board of Directors of Ferndale School District No. 502, Whatcom County, Washington (the "District"), and keeper of the records of the Board of Directors (the "Board"), DO HEREBY CERTIFY: 1. That the attached resolution is a true and correct copy of Resolution No. 1.9-2007 of the Board- (herein called the "Resolution"), duly adopted at a regular meeting thereof held on the 21st day of December, 2007. 2. That said meeting was duly convened and held in all respects in accordance with law, and to the extent required by law, due and proper notice of such meeting was given; that a legal quorum was present throughout the meeting and a legally sufficient number of members of the Board voted in the proper manner for the adoption of said Resolution; that all other requirements and proceedings incident to the proper adoption of said Resolution have been duly fulfilled, carried out and otherwise observed; and that I am authorized to execute this certificate. 2007. IN WITNESS WHEREOF, I have hereunto set my hand this 21 st day of December, Secretary, Board of Directors P120287 CNW20287 7UN 1212OM7 OFFICE OF THE WHATCOM COUNTY AUDITOR WHEREAS, the undersigned as the duly elected, qualified and acting Auditor of Whatcom County, Washington, has jurisdiction of and is required by law to conduct all special elections for school districts within the County; and WHEREAS, Ferndale School District No. 502, Whatcom County, Washington, lies entirely within the boundaries of Whatcom County; and WHEREAS, the Board of Directors of said district by resolution adopted December 21, 2007, a certified copy of which has been delivered to the undersigned, has found that has found that the best interests of the District require the holding of a special election on March 11, 2008; and WHEREAS., said district by said resolution has authorized and directed the undersigned to assume jurisdiction of and conduct said special election; NOW, THEREFORE, it is hereby authorized and ordered as follows: The undersigned hereby assumes jurisdiction within Whatcom County of the above - mentioned special election of Ferndale School District No. 502, Whatcom County, Washington, authorized and ordered by resolution of its Board of Directors adopted on December 21, 2007, and will conduct said special election to be held on March 11, 2008. DATED at Bellingham, Washington, this day of 20CS. County P:Q0287 CMVN20287 7UN 1=0107 OFFICIAL BALLOT FERNDALE SCHOOL DISTRICT NO.502, WHATCOM COUNTY, WASHINGTON March 11, 2008 INSTRUCTIONS TO VOTERS. To vote in favor of the following proposition, place a cross (X) in the square opposite the word "APPROVED"; to vote against the following proposition, place a cross (X) in the square opposite the word "REJECTED." PROPOSITION NO. ONE I FERNDALE SCHOOL DISTRICT NO. 502 GENERAL OBLIGATION BONDS - $21,000,000 �v The Board of Directors of Ferndale School District No.502 approved a proposition for bonds. This proposition authorizes the District to acquire, construct and equip replacement schools for Custer Elementary and the 1938 Building at North Bellingham EIementary and modernize North Bellingham Elementary School; undertake safety upgrades, make technology improvements and make other capital improvements; to issue $21,000,000 of general obligation bonds maturing within a maximum term of 17 years; and to Ievy additional property taxes annually to repay the bonds, as described in Resolution #19-2007. Should this proposition be: APPROVED?.......................................................................................... ❑ REJECTED?............................................................................................ ❑ RU0287 CMVM20297 7UN 12120/07 NOTICE OF SPECIAL ELECTION FERNDALE SCHOOL DISTRICT NO. 502 WHATCOM COUNTY, WASHINGTON March 11, 2008 NOTICE IS HEREBY GIVEN that on Tuesday, March 11, 2008, a special election will be held in the above -named school district for the submission to the qualified electors of said school district of the following proposition: PROPOSITION NO. ONE FERNDALE SCHOOL DISTRICT NO. 502 GENERAL OBLIGATION BONDS - $21,000,000 The Board of Directors of Ferndale School District No. 502 approved a proposition for bonds. This proposition authorizes the District to acquire, construct and equip replacement schools for Custer Elementary and the 1938 Building at North Bellingham Elementary and modernize North Bellingham Elementary School; undertake safety upgrades, make technology improvements and make other capital improvements; to issue $21,000,000 of general obligation bonds maturing within a maximum term of 17 years; and to levy additional property taxes annually to repay the bonds, as described in Resolution # 19-2007. Should this proposition be: APPROVED?....................................................................................................... ❑ REJECTED?......................................................................................................... ❑ Whatcom County Auditor P:\20287_CMV1A20287_7UN 12l20107 Ballot Measure Submitted Checklist == Attach to front of folder tl Ballot Measure Submitted: Pjaw( ,Dn Date completed Initial G 90d 1 O o I o 1' k-.X-0 Qk , Submitted by:{- \ Contact Phone #:b Email Address: 'afI GLiI �-,� 'TS U-10-, Lt Check signed by Commissioners 1 Copy to Shirley and 1 copy Nancy Routed to Pros Atty (county & districts only) {- a• 0 Signed & Returned by Pros Atty (county & dist only) _ Y ,p�AAj Reviewed by CDA and Auditor Copy sent to District Office if applicable Publish Notice of Closing Registration (40 days prior to election) Ballot Layout Prepared Publish Official Notice of Election in Newspaper (6 days prior to election) After Election Copy of Canvass Report sent to submitter of ballot issue Obtain Receipt from Treasurer & Assessor of results If school issue, send copy of canvass report to Supt of Public Instruction (form SPI M-466) l:\Policies & Procedures\Elections\02_Pre-Election\02_Filing - Ballot Measures\FRM Ballot Measure CHECKLIST.doc Adopted 7/27/06 a Complete items 1, 2, and 3. Also complete item 4 if Restricted Delivery is desired. ■ Print your name and address on the reverse so that we can return the card to you. ■ Attach this card to the back of the mailpiece, or on the front if space permits. 1. Article Addressed to: kEw Su m 10 A. Signatt*e X v.� ❑ Agent r n arlrim�Q� B. R�geived 4 (PAn dir� C. Date of Delivery D. Is delivery address different from item 1? ❑ Yes If YES, enter delivery address below: ❑ No 3. S rvlce Type Certified Mail ❑ Express Mall ❑ Registered ❑ Return Receipt for Merchandise ❑ Insured Mail ❑ C.O.D. 4. Restricted Delivery? (Extra Fee) ❑ Yes 2. Article Number (Transfer from sen 7006 0810 0000 8962 0566 PS Form 3811, February M4 Domestic Return Receipt 102595-02-M-1540 L;LHTIFIED MAIL, RECEIF (Domestic Mail Only; No Insurance Coverai ru Er co Postage $ !1 O p Certified Fee ' , C7 p Return Receipt Fee (Endorsement Required) hJ / l r,9 Restricted Delivery Fee (Endorsement Required) p(s Total Postage & Fees $� C7 f 2"iar. �.y���Q� �t I+��I A1� or po s2xNo A67. ;�� WHATCOM COUNTY AUDITOR'S OFFICE Whatcom County Courthouse 311 Grand Avenue, Suite 103 Bellingham, WA 98225-4038 Email: Auditor@co.whatcom.wa.us Internet: www.co.whatcom.wa.us/auditor MAILED VIA CERTIFIED MAIL ONJANUARY24, 2008 January 24, 2008 Dr. Roger L. Lehnert, Superintendent Ferndale School District No. 502 P O Box 698 Ferndale WA 98248 RE: Ballot Titles: Proposition No. 1 Ferndale School District No. 502 General Obligation Bonds - $21,000,000 Proposition No. 2 Ferndale School District No. 502 Technology Capital Projects Levy Dear Dr. Lehnert SHIRLEY FORSLOF COUNTY AUDITOR DEBBIE ADELSTEIN CHIEF DEPUTY Phone: 360-676-6740 FAX: 360-738-4556 Enclosed are true copies of the ballot title for Proposition No. 1 Ferndale School District No. 502 General Obligation Bonds - $21,000,000 and Proposition No. 2 Ferndale School District No. 502 Technology Capital Projects Levy filed with the Whatcom County Auditor's Office on December 28, 2007. This notice of the exact language of the ballot title is being provided as RCW 29A.36.080. Sincerely, Shirley Forslof Whatcom County Auditor Encl: 2 cc: Shawn Flaherty Licensing Recording Elections Administration/Internal Audit Licensing@comhatcom.wa.us Record ing@co.whatcomma us Elections@co.whatcom.wa.us 360-676-6744 360-676-6740 360-676-6740 360-676-6742 360-676-6740 ext50065 Niel 360-738-4555 OFFICIAL BALLOT FERNDALE SCHOOL DISTRICT N0.502, WHATCOM COUNTY, WASHINGTON March 11, 2008 INSTRUCTIONS TO VOTERS: To vote in favor of the following proposition, place a cross (X) in the square opposite the word "APPROVED"; to vote against the following proposition, place a cross (X) in the square opposite the word "REJECTED." PROPOSITION NO. ONE I FERNDALE SCHOOL DISTRICT NO. 502 + GENERAL OBLIGATION BONDS - $21,000,000 - The Board of Directors of Ferndale School District No.502 approved a proposition for bonds. This proposition authorizes the District to acquire, construct and equip replacement schools for Custer Elementary and the 1938 Building at North Bellingham Elementary and modernize North Bellingham Elementary School; undertake safety upgrades, make technology improvements and make other capital improvements; to issue $21,000,000 of general obligation bonds maturing within a maximum term of 17 years; and to levy additional property taxes annually to repay the bonds, as described in Resolution #19-2007: Should this proposition be: APPROVED?.......................................................................................... ❑ REJECTED?............................................................................................ ❑ P:%20287 CMMO287 7UN 12/20107 OFFICIAL BALLOT FERNDALE SCHOOL DISTRICT NO. 502 WHATCOM COUNTY, WASHINGTON March 11, 2008 INSTRUCTIONS TO VOTERS: To vote in favor of the following proposition, place a cross (X-) in the square opposite the words "YES"; to vote against the following proposition, place a cross (X-) in the square opposite the words "NO." PROPOSITION NO.2 FERNDALE SCHOOL DISTRICT NO. 502 TECHNOLOGY CAPITAL PROJECTS LEVY The Board of Directors of Ferndale School District No. 502 adopted Resolution #20-2007 concerning a technology modernization levy. The proposition authorizes the modernization of District "facilities by implementing technology facilities and projects and the application and modernization of technology systems for operations and instruction; and authorizes the following excess levies for such purposes on all taxable property within the District: Approximate Collection Levy Rate/$1,000 Levy Years Assessed Value Amount 2009 $.19 $700,000 2010 $.18 $700,000 2011 $.17 $700,000 2012 $.16 $700,000 2013 $.16 $700,000 2014 $.15 $700,000 all as provided in District Resolution #20-2007 approved? YES......... ❑ NO......... ❑ Should this proposition be PA20287 CMVAA20287 7SU 1=0107 Whatcom County Auditor's Office Y- 311 Grand Avenue, Suite 103 Bellingham, WA 98225-4186 360-676-6740 360-738.4556 FAX 360-738-4555 TTY auditor@co.whatcom.wa.us whatcomma.us/auditor 12/28/2007 Whatcom County Auditor Elections Division TO: Prosecuting Attorney's Office / Royce Buckingham FROM: The Office of the Whatcom County Auditor: ELECTIONS SUBJ: BALLOT TITLE Please look over this ballot title for Ferndale School District 502 Technology Capital Projects Levy for the March 11, 2008 Special Election Please sign -off and return to the Election Department after review. Thank You ! Celeste 50063 I:\Policies & Pro cedures\Elections\02_Pre-Election\02_Filing - Ballot MeasuresTRM Prosecuting Atty ballot title letter.doc FERNDALE SCHOOL DISTRICT NO.502 WHATCOM COUNTY, WASHINGTON V SCHOOL DISTRICT TECHNOLOGY LEVY 1 -0 lfelwkwe]lt,[e� A RESOLUTION of the Board of Directors of Ferndale School District No. 502, Whatcom County, Washington, providing for the submission to the qualified electors of the district at a special election to be held therein on March 11, 2008, of a proposition to authorize the district to levy an additional tax to provide a total of $4,200,000 for the District's Capital Projects Fund for technology improvements and equipment, such levies to be made for six years commencing in 2008 for collection in the school years from 2008-2009 through 2014-2015, ADOPTED DECEMBER 21, 2007 Prepared by: K&L PRESTON GATES ELLIS LLP Seattle, Washington RECEIVED DEC 2 8 Z007 8HIALEY FORStOF A"TjXM 00ATY AUDITOR RESOLUTION NO.20-2007 A RESOLUTION of the Board of Directors of Ferndale School District No. 502, Whatcom County, Washington, providing for the submission to the qualified electors of the district at a special election to be held therein on March 11, 2008, of a proposition to authorize the district to levy an additional tax to provide a total of $4,200,000 for the District's Capital Projects Fund for technology improvements and equipment, such levies to be made for six years commencing in 2008 for collection in the school years from 2008-2009 through 2014-2015. WHEREAS, the educational facilities of Ferndale School District No. 502, Whatcom County, Washington (the "District"), including technology facilities are in need of modernization, improvements and expansion to meet the current and fixture educational needs for its students; and WHEREAS, funds available to the District will be insufficient to enable the District to implement such projects; and WHEREAS, in order to support the cost of these projects as found necessary by the Board of Directors, it is deemed advisable that the District levy a tax. upon all the taxable property within the District in excess of the annual tax the District is permitted by law to levy without a vote of the people, such levy to be made for six years commencing in 2008 for collection in the school years from 2008-2009 through 2014-2015, inclusive, as authorized by Article VII, Section 2 of the State Constitution and RCW 84.52.053; and WHEREAS, the question of whether or not such excess tax may be levied must be submitted to the qualified electors of the District for their ratification or rejection; and WHEREAS, the conditions here and above set forth require the holding of a special election in the District; NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF FERNDALE SCHOOL DISTRICT NO. 502, WHATCOM, COUNTY, WASHINGTON as follows: Section i . Finding". It is hereby found and declared that the welfare of the students and other residents of the District requires the District to carry out the improvements hereinafter provided. Section 2. Authorization of Improvements. The District shall modernize its educational facilities through the acquisition and installation of technology systems, facilities and projects, including acquiring hardware, licensing software, and online applications and training related to the installation of the foregoing as an integral par of the District's technology systems, facilities, or projects; and the application and modernization of technology systems for operations and instruction including, but not limited to, the ongoing fees for online applications, subscriptions, or software licenses, including upgrades and incidental services; and ongoing training related to the installation and integration of these products or services, and shall make other capital expenditures as found necessary by the Board of Directors. The District may repay any obligations hereafter incurred for the foregoing purposes. If available funds are sufficient, the District shall acquire, construct, equip and make other capital improvements to the facilities of the District, all as the Board of Directors finds necessary; provided that such funds may be used only to support the construction, modernization, replacement, and remodeling of school facilities or implementation of the District's technology facilities plan. If the District shall determine that it has become impracticable to accomplish any of such improvements or portions thereof by reason of changed conditions or needs, incompatible -2- PA20297 CMW%20287 7su 12120/07 development, costs substantially in excess of those estimated, or acquisition by a superior governmental authority, the District shall not be required to accomplish such improvement and may apply levy proceeds as set forth in this section. If any or all of the improvements have been completed, or their completion duly provided for, or their completion found to be impractical, the District may apply the levy proceeds or any portion thereof to other portions of the improvements or to other capital purposes of the District, as the District in its discretion shall determine. Notwithstanding any provision of this resolution to the contrary, levy proceeds may only ,be used to support the construction, modernization or remodeling of school facilities or implementation of the District's technology facilities plan. Section 3. Authorization of Levies. It is hereby found and declared that best interests of the District require the District to submit the proposition whether the District shall make the Capital Projects Fund levies for their ratification or rejection at a special election to be held on March 11, 2008. For the purpose of providing funds necessary for the needs described in Section 2 above, the Whatcom County Auditor, as ex-officio supervisor of elections in Whatcom County, is hereby requested to call and conduct such special election to be held by all mail -in ballot within the District on such day and to submit to the qualified electors of the District for their approval or rejection, a proposition providing for tax levies for the Capital Projects Fund for six years, commencing in 2008, producing dollar amounts at estimated tax rates per thousand dollars of assessed value to produce such amounts, in excess of the maximum amount tax levy permitted by law to be levied within the District without a vote of the electors, all as follows: A. $700,000, said levy to be made in 2008 for collection in 2009; B. $700,000, said levy to be made in 2009 for collection in 2010; C. $700,000, said levy to be made in 2010 for collection in 2011; -3- P:\20287 CMM20297 75U 12I20107 D. $700,000, said levy to be made in 2011 for collection in 2012; E. $700,000, said levy to be made in 2012 for collection in 2013; and F. $700,000, said levy to be made in 2013 for collection in 2014. The estimated levy rate depends upon the final dollar amount of assessed value of the property within the District. At this time, based upon information provided by the Whatcom County Assessor's office, the estimated levy rate for the 2008 levy is $.19 per thousand dollars of assessed valuation ($3,691,834,000 of assessed value), the estimated levy rate for the 2009 levy is $.18 per thousand dollars of assessed valuation ($3,802,589,000 of assessed value), the estimated levy rate for the 2010 levy is $.17 per thousand dollars of assessed valuation ($4,182,848,000 of assessed value),the estimated levy rate for the 2011 levy is $.16 per thousand dollars of assessed valuation ($4,308,334,000 of assessed value), the estimated levy rate for the 2012 levy is $.16 per thousand dollars of assessed valuation ($4,437,584,000 of assessed value), and the estimated levy rate for the 2013 levy is $.15 per thousand dollars of assessed valuation ($4,570,711,000 of assessed value). The exact levy rate shall be adjusted based upon the actual assessed value of the property within the District at the time of the levy. Section 4. Approval of Form of Ballot. The Secretary of the Board of Directors is hereby authorized and directed to certify said proposition to the Whatcom County Auditor, as ex- officio supervisor of elections in Whatcom County, substantially in the following form: -4- PA20287 crmnnz0287 7SU 12r2=7 PROPOSITION NO. TWO FERNDALE SCHOOL DISTRICT NO. 502 TECHNOLOGY CAPITAL PROJECTS LEVY The Board of Directors of Ferndale School District No. 502 adopted Resolution #20-2007 concerning a technology modernization levy. The proposition authorizes the modernization of District facilities by implementing technology facilities and projects and the application and modernization of technology systems for operations and instruction; and authorizes the following excess levies for such purposes on all taxable property within the District: Approximate Collection Levy Rate/$1,000 Levy Years Assessed Value Amount 2009 $.19 $700;000 2010 $.18 $700,000 2011 $.17 $700,000 2012 $.16 $700,000 2013 $.16 $700,000 2014 $.15 $700,000 all as provided in District Resolution #20-2007 Should this proposition be approved? YES......... F. NO......... ❑ The Secretary of the Board of Directors is hereby authorized to deliver a certified copy of this resolution to the Whatcom County Auditor. -5- PA20287 CMW%20287 7SU 12120l07 ADOPTED by the Board of Directors of Ferndale School District No. 502, Whatcom County, Washington, at a regular meeting thereof; held this 21 st day of December, 2007. ATTEST: 1 , oar. of AKRUors FERNDALE SCHOOL DISTRICT NO. 502, WHATCOM COUNTY, WASHINGTON Pre ident and Director Director jo, Director Director -6- PA20287CMM2oze7_7su 12rMO7 CERTIFICATE I, the undersigned, Secretary of the Board of Directors of Ferndale School District No, 502, Whatcom County, Washington (the "District"), and keeper of the records of the Board of Directors (the "Board"), DO HEREBY CERTIFY: 1. That the attached resolution is a true and correct copy of Resolution NO. 20-2007 of the Board (the "Resolution"), duly adopted at a regular meeting thereof held on the 21st day of December, 2007. 2. That said meeting was duly convened and held in all respects in accordance with law, and to the extent required by law, due and proper notice of such meeting was given; that a legal quorum was present throughout the meeting and a legally sufficient number of members of the Board voted in the proper manner for the adoption of the Resolution; that all other requirements and proceedings incident to the proper adoption of the. Resolution have been duly fdlfilled, carried out and otherwise observed; and that I am authorized to execute this certificate. 2007. IN WITNESS WHEREOF, I have hereunto set my hand this 21 st day of December, Secretary, Board of Directors PA20287 cnnM0287 Hsu 12r20ro7 OFFICIAL BALLOT FERNDALE SCHOOL DISTRICT NO. 502 WHATCOM COUNTY, WASHINGTON March 11, 2008 INSTRUCTIONS TO VOTERS: To vote in favor of the following proposition, place a cross (X) in the square opposite the words "YES"; to vote against the following proposition, place a cross (X) in the square opposite the words "NO." PROPOSITION NO.2 FERNDALE SCHOOL DISTRICT NO. 502 TECHNOLOGY CAPITAL PROJECTS LEVY The Board of Directors of Ferndale School District No. 502 adopted Resolution #20-2007 concerning a technology modernization levy. The proposition authorizes the modernization of District "facilities by implementing technology facilities and projects and the application and modernization of technology systems for operations and instruction; and authorizes the following excess levies for such purposes on all taxable property within the District: Approximate Collection Levy Rate/$1,000 Levy Years Assessed Value Amount 2009 $.19 $700,000 2010 $.18 $700,000 2011 $.17 $700,000 2012 $.16 $700,000 2013 $.16 $700,000 2014 $.15 $700,000 all as provided in District Resolution #20-2007. Should this proposition be approved? YES......... ❑ NO......... ❑ PA20287 CMdA20287 7SU 12120107 NOTICE FERNDALE SCHOOL DISTRICT NO. 502 WHATCOM COUNTY, WASHINGTON March 11, 2008 NOTICE IS HEREBY GIVEN that on March 11, 2008, a special election will be held by mail in the above -named school district for the submission to the qualified electors of said school district of the following proposition: PROPOSITION NO. 2 FERNDALE SCHOOL DISTRICT NO. 502 TECHNOLOGY CAPITAL PROJECTS LEVY The Board of Directors of Ferndale School District No. 502 adopted Resolution #20-2007 concerning a technology modernization levy. The proposition authorizes the modernization of District facilities by implementing technology facilities and projects and the application and modernization of technology systems for operations and instruction; and authorizes the following excess levies for such purposes on all .taxable property within the District: Approximate Collection Levy Rate/$1,000 Levy Years Assessed Value Amount 2009 $.19 $700,000 2010 $.18 $700,000 2011 $.17 $700,000 2012 $.16 $100,000 2013 $.16 $700,000 2014 $.15 $700,000 all as provided in District Resolution #20-2007. Should this proposition be approved? YES......... ❑ NO......... ❑ Whatcom County Auditor PA20287 CMNA20287 7SU 12/20/07 FERNDALE SCHOOL DISTRICT NO. 502 WHATCOM COUNTY, WASHINGTON SCHOOL DISTRICT TECHNOLOGY LEVY RESOLUTION NO.20-2007 A RESOLUTION of the Board of Directors of Ferndale School District No. 502, Whatcom County, Washington, providing for the submission to the qualified electors of the district at a special election to be held therein on March 11, 2008, of a proposition to authorize the district to levy an additional tax to provide a total of $4,200,000 for the District's Capital Projects Fund for technology improvements and equipment, such levies to be made for six years commencing in 2008 for collection in the school years from 2008-2009 through 2014-2015. ADOPTED DECEMBER 21, 2007 Prepared by: K&L PRESTON GATES ELLIS LLP Seattle, Washington CERTIFICATE I, the undersigned, Secretary of the Board of Directors of Ferndale School District No, 502, Whatcom County, Washington (the "District"), and keeper of the records of the Board of Directors (the "Board"), DO HEREBY CERTIFY: 1. That the attached resolution is a true and correct copy of Resolution NO. 20-2007 of the Board (the "Resolution"), duly adopted at a regular meeting thereof held on the 21st day of December, 2007. 2. That said meeting was duly convened and held in all respects in accordance with law, and to the extent required by law, due and proper notice of such meeting was given; that a legal quorum was present throughout the meeting and a legally sufficient number of members of the Board voted in the proper manner for the adoption of the Resolution; that all other requirements and proceedings incident to the proper adoption of the Resolution have been duly fulfilled, carried out and otherwise observed; and that I am authorized to execute this certificate. 2007. IN WITNESS WHEREOF, I have hereunto set my hand this 21st day of December, Secretary, Board of Directors PA20287 CMM0287 7su 12120/07 Whatcom County Auditor's Office 311 Grand Avenue, Suite 103 '`gsHHG�or Bellingham, WA 98225-4186 360-676-6740 360-738.4556 FAX 360-738.4555 TTY auditor&o.whatcom.wa. us whatcom.wa.uslauditor Whatcom County Auditor Elections Division TO: Prosecuting Attorney's Office / Royce Buckingham FROM: The Office of the Whatcom County Auditor: ELECTIONS SUBJ: BALLOT TITLE Please look over this ballot title for Ferndale School District 502 Technology Capital Projects Levy for the March 11, 2008 Special Election Please sign -off and return to the Election Department after review. Thank You ! Celeste 50063 I:\Policies & Pro cedures\Elections\02_Prc-Election\02_Filing - Ballot Measures\FRM Prosecuting Atty ballot title letter.doc FERNDALE SCHOOL DISTRICT NO.502 WHATCOM COUNTY, WASHINGTON SCHOOL DISTRICT TECHNOLOGY LEVY RESOLUTION NO. 20-2007 A RESOLUTION of the Board of Directors of Ferndale School District No. 502, Whatcom County, Washington, providing for the submission to the qualified electors of the district at a special election to be held therein on March 11, 2008, of a proposition to authorize the district to levy an additional tax to provide a total of $4,200,000 for the District's Capital Projects Fund for technology improvements and equipment, such levies to be made for six years commencing in 2008 for collection in the school years from 2008-2009 through 2014-2015. ADOPTED DECEMBER 21, 2007 Prepared by: K&L PRESTON GATES ELLIS LLP Seattle, Washington RECEIVED U E C 2 S 2907 st- mEY PCM9L011 RESOLUTION NO.20-2007 A RESOLUTION of the Board of Directors of Ferndale School District No. 502, Whatcom County, Washington, providing for the submission to the qualified electors of the district at a special election to be held therein on March 11, 2008, of a proposition to authorize the district to levy an additional tax to provide a total of $4,200,000 for the District's Capital Projects Fund for technology improvements and equipment, such levies to be made for six years commencing in 2008 for collection in the school years from 2008-2009 through 2014-2015. WHEREAS, the educational facilities of Ferndale School District No. 502, Whatcom County, Washington (the "District'), including technology facilities are in need of modernization, improvements and expansion to meet the current and future educational needs for its students; and WHEREAS, funds available to the District will be insufficient to enable the District to implement such projects; and WHEREAS, in order to support the cost of these projects as found necessary by the Board of Directors, it is deemed advisable that the District levy a tax upon all the taxable property within the District in excess of the annual tax the District is permitted by law to levy without a vote of the people, such levy to be made for six years commencing in 2008 for collection in the school years from 2008-2009 through 2014-2015, inclusive, as authorized by Article VII, Section 2 of the State Constitution and RCW 84.52.053; and WHEREAS, the question of whether or not such excess tax may be levied must be submitted to the qualified electors of the District for their ratification or rejection; and WHEREAS, the conditions here and above set forth require the holding of a special election in the District; NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF FERNDALE SCHOOL DISTRICT NO. 502, WHATCOM, COUNTY, WASHINGTON as follows: Section 1. I indiIl�. It is hereby found and declared that the welfare of the students and other residents of. the District requires the District to carry out the improvements hereinafter provided. Section 2. Authorization of improvements. The District shall modernize its educational facilities through the acquisition and installation of technology systems, facilities and projects, including acquiring hardware, licensing software, and online applications and training related to the installation of the foregoing as an integral par of the District's technology systems, facilities, or projects; and the application and modernization of technology systems for operations and instruction including, but not limited to, the ongoing fees for online applications, subscriptions, or software licenses, including upgrades and incidental services, and ongoing training related to the installation and integration of these products or services, and shall make other capital expenditures as found necessary by the Board of Directors. The District may repay any obligations hereafter incurred for the foregoing purposes. If available funds are sufficient, the District shall acquire, construct, equip and make other capital improvements to the facilities of the District, all as the Board of Directors finds necessary; provided that such funds may be used only to support the construction, modernization, replacement, and remodeling of school facilities or implementation of the District's technology facilities plan. If the District shall determine that it has become impracticable to accomplish any of such improvements or portions thereof by reason of changed conditions or needs, incompatible -2- P:%20287 CMVN20287 7SU 12/20/07 development, costs substantially in excess of those estimated, or acquisition by a superior governmental authority, the District shall not be required to accomplish such improvement and may apply levy proceeds as set forth in this section. If any or all of the improvements have been completed, or their completion duly provided for, or their completion found to be impractical, the District may apply the levy proceeds or any portion thereof to other portions of the improvements or to other capital purposes of the District, as the District in its discretion shall determine. Notwithstanding any provision of this resolution to the contrary, levy proceeds may only be used to support the construction, modernization or remodeling of school facilities or implementation of the District's technology facilities plan. Section 3. Authorization of Levies. It is hereby found and declared that best interests of the District require the District to submit the proposition whether the District shall male the Capital Projects Fund levies for their ratification or rejection at a special election to be held on March 11, 2008. For the purpose of providing funds necessary for the needs described in Section 2 above, the Whatcom County Auditor, as ex-officio supervisor of elections in Whatcom County, is hereby requested to call and conduct such special election to be held by all mail -in ballot within the District on such day and to submit to the qualified electors of the District for their approval or rejection, a proposition providing for tax levies for the Capital Projects Fund for six years, commencing in 2008, producing dollar amounts at estimated tax rates per thousand dollars of assessed value to produce such amounts, in excess of the maximum amount tax levy permitted by law to be levied within the District without a vote of the electors, all as follows: A. $700,000, said levy to be made in 2008 for collection in 2009; B. $700,000, said levy to be made in 2009 for collection in 2010; C. $700,000, said levy to be made in 2010 for collection in 2011; -3- P:%20287 CMV%A2o287 7su 12/20/07 D. $700,000, said levy to be made in 2011 for collection in 2012; E. $700,000, said levy to be made in 2012 for collection in 2013; and F. $700,000, said levy to be made in 2013 for collection in 2014. The estimated levy rate depends upon the final dollar amount of assessed value of the property within the District. At this time, based upon information provided by the Whatcom County Assessor's office, the estimated levy rate for the 2008 levy is $.19 per thousand dollars of assessed valuation ($3,691,834,000 of assessed value), the estimated levy rate for the 2009 levy is $.18 per thousand dollars of assessed valuation ($3,802,589,000 of assessed value), the estimated levy rate for the 2010 levy is $.17 per thousand dollars of assessed valuation ($4,182,848,000 of assessed value), the estimated levy rate for the 2011 levy is $.16 per thousand dollars of assessed valuation ($4,308,334,000 of assessed value), the estimated levy rate for the 2012 levy is $.16 per thousand dollars of assessed valuation ($4,437,584,000 of assessed value), and the estimated levy rate for the 2013 levy is $.15 per thousand dollars of assessed valuation ($4,570,711,000 of assessed value). The exact levy rate shall be adjusted based upon the actual assessed value of the property within the District at the time of the levy. Section 4. Approval of Form of Ballot. The Secretary of the Board of Directors is hereby authorized and directed to certify said proposition to the Whatcom County Auditor, as ex- officio supervisor of elections in Whatcom County, substantially in the following form: -4- P:\20287CMM20287 >su 12MV07 PROPOSITION NO. TWO FERNDALE SCHOOL DISTRICT NO. 502 TECHNOLOGY CAPITAL PROJECTS LEVY The Board of Directors of Ferndale School District No. 502 adopted Resolution #20-2007 concerning a technology modernization levy. The proposition authorizes the modernization of District facilities by implementing technology facilities and projects and the application and modernization of technology systems for operations and instruction; and authorizes the following excess levies for such purposes on all taxable property within the District: Approximate Collection Levy Rate/$1,000 Levy Years Assessed Value Amount 2009 $.19 $700,000 2010 $.18 $700,000 2011 $.17 $700,000 2012 $.16 $700,000 2013 $.16 $700,000 2014 $.15 $700,000 all as provided in District Resolution 920-2007 Should this proposition be approved? YES......... ❑ NO......... ❑ The Secretary of the Board of Directors is hereby authorized to deliver a certified copy of this resolution to the Whatcom County Auditor. -5- PA20287 CMVN20267 7SU 12120/07 ADOPTED by the Board of Directors of Ferndale School District No. 502, Whatcom County, Washington, at a regular meeting thereof, held this 21 st day of December, 2007. ATTEST: FERNDALE SCHOOL DISTRICT NO.502, WHATCOM COUNTY, WASHINGTON Pre dent and Director Director Director Director -6- P:t20287 CMW%20287 7SU 12/20/07 CERTIFICATE I, the undersigned, Secretary of the Board of Directors of Ferndale School District No. 502, Whatcom County, Washington (the "District'), and keeper of the records of the Board of Directors (the "Board"), DO HEREBY CERTIFY: 1. That the attached resolution is a true and correct copy of Resolution NO. 20-2007 of the Board (the "Resolution"), duly adopted at a regular meeting thereof held on the 21 st day of December, 2007. 2. That said meeting was duly convened and held in all respects in accordance with law, and to the extent required by law, due and proper notice of such meeting was given; that a legal quorum was present throughout the meeting and a legally sufficient number of members of the Board voted in the proper manner for the adoption of the Resolution; that all other requirements and proceedings incident to the proper adoption of the Resolution have been duly fulfilled, carried out and otherwise observed; and that I am authorized to execute this certificate. 2007. IN WITNESS WHEREOF, I have hereunto set my hand this 21st day of December, te—cii:Wl, Board of Directors PA20287 CM1M20287 7SU 12/20/07 OFFICIAL BALLOT FERNDALE SCHOOL DISTRICT NO. 502 WHATCOM COUNTY, WASHINGTON March 11, 2008 INSTRUCTIONS TO VOTERS: To vote in favor of the following proposition, place a cross (X-) in the square opposite the words "YES"; to vote against the following proposition, place a cross (X) in the square opposite the words "NO." PROPOSITION NO.2 FERNDALE SCHOOL DISTRICT NO. 502 TECHNOLOGY CAPITAL PROJECTS LEVY The Board of Directors of Ferndale School District No. 502 adopted Resolution #20-2007 concerning a technology modernization levy. The proposition authorizes the modernization of District facilities by implementing technology facilities and projects and the application and modernization of technology systems for operations and instruction; and authorizes the following excess levies for such purposes on all taxable property within the District: Approximate Collection Levy Rate/$1,000 Levy Years Assessed Value Amount 2009 $.19 $700,000 2010 $.18 $700,000 2011 $.17 $700,000 2012 $.16 $700,000 2013 $.16 $700,000 2014 $.15 $700,000 all as provided in District Resolution #20-2007. Should this proposition be approved? YES......... ❑ NO......... ❑ PA20287 CM=20287 7SU 12/20/07 NOTICE FERNDALE SCHOOL DISTRICT NO. 502 WHATCOM COUNTY, WASHINGTON March 11, 2008 NOTICE IS HEREBY GIVEN that on March 11, 2008, a special election will be held by mail in the above -named school district for the submission to the qualified electors of said school district of the following proposition: PROPOSITION NO. 2 FERNDALE SCHOOL DISTRICT NO. 502 TECHNOLOGY CAPITAL PROJECTS LEVY The Board of Directors of Ferndale School District No. 502 adopted Resolution #20-2007 concerning a technology modernization levy. The proposition authorizes the modernization of District facilities by implementing technology facilities and projects and the application and modernization of technology systems for operations and instruction; and authorizes the following excess levies for such purposes on all taxable property within the District: Approximate Collection Levy Rate/$1,000 Levy Years Assessed Value Amount 2009 $.19 $700,000 2010 $.18 $700,000 2011 $.17 $700,000 2012 $.16 $700,000 2013 $.16 $700,000 2014 $.15 $700,000 all as provided in District Resolution #20-2007 approved? YES......... ❑ NO......... ❑ Should this proposition be Whatcom County Auditor P:Q0287 CMNA20297 7su 12120/07