Loading...
HomeMy WebLinkAbout2008 - Meridian School District No. 505 M&O Levy PASSED and General Obligation Bonds FAILED Special Election February 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 E )ITOR NAME S �1� U vf� 4�v` DATE �� O I. MINIMUM VOTER TURNOUT REQUIREMENTS A For (excess levies: —r 2 b-S✓ 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 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 --- f 6 D o o *Type of Election Codes BO Bond M&O Maintenance & Operation CP Capital Project TVF Transportation Vehicle Fund III. LEADMOINT 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) WHATCOM COUNTY AUDITOR'S OFFICE OFFICIAL CANVASS OF THE SPECIAL ELECTION HELD TUESDAY, MARCH 11, 2008, IN MERIDIAN SCHOOL DISTRICT NO. 505, WHATCOM COUNTY, WASHINGTON, FOR THE PURPOSE OF SUBMITTING TO THE QUALIFIED ELECTORS OF THE DISTRICT THE PROPOSITIONS FOR A REPLACEMENT EDUCATIONAL MAINTENANCE AND OPERATIONS LEVY AND FOR $23,000,000 IN GENERAL OBLIGATION BONDS. OATH OF AUDITOR STATE OF WASHINGTON ) ) ss. COUNTY OF WHATCOM ) I do solemnly swear that the returns purporting to be the election returns of Meridian School District No. 505, 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. Whatcom County Chief Deputy Auditor Subscribed and sworn to before me this 26th day of March 2008. ,17 atcom Courgt 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 Meridian School District No. 505, Whatcom County, Washington, on the 11th day of March 2008 and the results are as follows: I MERIDIAN SCHOOL DlSTR1CT N0. 505 � 1 PROPOSITION NO. 1 MERIDIAN SCHOOL DISTRICT NO. 505 REPLACEMENT EDUCATIONAL MAINTENANCE AND OPERATIONS LEVY The Board of Direclors adopted Resolution #02.08 concerning educational funding. This proposition authorizes the District to levy the lotlawing OXOSS taxes, to repfase an expiring levy, on all.taxable property within the District, to support the Oistrlcl's educal oval maintenance and operations: Collection Approximate Levy Ratel$1,000 Levy Years Assessed Value Amount 2 2.54 $2.90.00 2010 S2.57 $2,64D,000 2011 $2.58 $2,740,00D 2012 $2.60 $2,840,000 Should this proposition be approved? PROPOSITION NO.2 MERIDIAN SCHOOL DISTRICT NO. 505 GENERAL OBLIGATION BONDS - $23,000,000 YES NO The Board of Directors of Meridian School astdd No, 505 approved a proposition for hinds. This proposition authorizes o* District to modernize and make now capital improvements to Meridian High School, to issue $23,DOD,000 of general obligation bonds maturing within a maximum tarm of 23 years; and In levy additional properly taxes annually to repay the bonds, as described to Resolution 403.D& Should this proposition be: APPROVED REJECTED YES - 1,577 59.35% NO - 1,080 40.65% LEVY PASSED Minimum Numbers for Validation: Number of persons voting last General Election: 2,805 40% Turnout 1,122 Needs 60% Yes Vote ACTUAL RESULTS: APPROVED — 1,367 51.76% REJECTED — 1,274 48.24% BONDS FAILED 51.76% Bonds failed because it did not receive a 60% "Yes" vote. The canvass has been completed this 26th day of March 2008. WHATCOM COUNTY CANVASSING BOARD County Chief Deputy ditor �' ' { I COU14TY r� unty Leg ifive AUth0fity STATE OF '+:rrstrt�� Coo4ne;i rosecuting Attorney Page 2 Ballot Measure Submitted Checklist == Attach to front of folder ■ Ballot Measure Submitted: CdAwhemaj Date completed Initial _ �(�� Submitted by: �� 0 } Contact Phone #: Email Address: �--11— Check signed by ommissioners Check that Certificate is signed by Secretary Check Document Calling for Elections is Signed by The Auditor or Deputy Auditor 1 Copy to Auditor and 1 copy Office Coordinator 1 Copy to the Office Coordinator if Primary or General Routed to Pros Atty (county & districts only) Signed & Returned by Pros Atty (county & dist only) OS JILtLT (_1,2-0� Reviewed by CDA and Auditor a o� Copy sent to District Office after Ballot approval 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) �G L\Policies & Procedures\Elections\02_Pre-Election\02_Filing - Ballot Measures\FRM Ballot Measure CHECKLIST.doc Adopted 7/27/06 ■ 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: a x ❑ Agent ❑ Addressee 8, Rece)ved by hied Name) C. Date of Delivery D. Is de[kve!ybddress different tfom Rem 17 ❑ Yes r If YES, enter delivery address below: ❑ No 3. Se ice Type l f j (� Certified Mail ❑ Express Mall LOA "j q a a () © Registered ❑ ReturnReceipt for Merchandlse ❑ Insured Mail ❑ C.O.D. 4. Restricted Delivery? (Extra Fee) ❑ Yes 2. Article Number (Transfer from set_ 7006 0810 0000 8962 0559 PS Form 3811, February 2004, Domestic Return Recelpt 10259502-WI540 U.S. Postal Service,,. CERTIFIED MAIL,., RECEIPT (Domestic Mail Only; No Insurance Coverage Provided) ru .0 m' CU Postage $ C3 0 Certified Fee rr A M C3 Rsem Receipt Fee P- ter] (Endorsement Required) C3 Resiffcted Delivery Fee rl (Endwsernent Required) Total Postage & Fees L$ ,2 p o sent To �moTHDtvnS, u r` Sirc+oi'4pr.WF;" M LT) {tfAfL cf , . Lr�►�FI WHATCOM COUNTY 'tiA AUDItOR'S OFFICE1'Whatcom G County Courthouse311 Grand Avenue, Suite 103Bellingham, o 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 Timothy Yeomans, Superintendent Meridian School District No. 505 214 W. Laurel Road Bellingham WA 98226 SHIRLEY FORSLOF COUNTY AUDITOR DEBBIE ADELSTEIN CHIEF DEPUTY Phone: 360-676-6740 FAX: 360-738-4556 RE: Ballot Titles: Proposition No. 1 Meridian School District No. 505 Replacement Educational Maintenance and Operations Levy Proposition No. 2 Meridian School District No. 505 General Obligation Bonds $23,000,000 Dear Mr. Yeomans: Enclosed are true copies of the ballot title for Proposition No. 1 Meridian School District No. 505 Replacement Educational Maintenance and Operations Levy and Proposition No. 2 Meridian School District No. 505 General Obligation Bonds $23,000,000 filed with the Whatcom County Auditor's Office on January 17, 2008. This notice of the exact language of the ballot title is being provided as RCW 29A.36.080. Sincerely, ShirleyForslof Whatcom County Auditor Encl: 2 Licensing Recording Elections Administration/Internal Audit Licensing@comhatcornma.us Recording@comhatcornma.us Elections@comhatcornma.us 360-676-6744 360-676-6740 360-676-6740 360-676-6742 360-676-6740 ext 50065 TIY 360-738-4555 Page 3 of 7 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 $2.54 per thousand dollars of assessed valuation, the estimated levy rate for the 2009 levy is $2.57 per thousand dollars of assessed valuation, the estimated levy rate for the 2010 levy is $2.58 per thousand dollars of assessed valuation; and the estimated levy rate for the 2011 levy is $2.60 per thousand dollars of assessed valuation. 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. Upon approval by the voters of the proposition substantially in the form set forth below, the District may use the proceeds of said levies during the 2008-2009, 2009-2010, 2010-2011, 2011-2012 and 2012-2013 school years by incurring an indebtedness by the issuance of short term obligations against the General Fund of the District, as authorized by Chapter 39.50 RCW, and may expend the proceeds of said levies to pay such part of the general expenses of maintenance and operations of the District during such school years as may be authorized or allowed by law for the use of excess levy funds. Section 2. It is hereby found and declared that the best interests of the District require the submission to the qualified electors of the District of the proposition of whether or not the District shall levy such excess tax for their ratification or rejection at a special election to be held therein 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 -said special election to be held by all mail -in ballot, within the District on said date and to submit to the qualified electors of the District the proposition substantially in the form hereinafter set forth. The Secretary of the Board of Directors is hereby authorized and directed to certify said proposition substantially in the following form: PROPOSITION NO. 1 MERIDIAN SCHOOL DISTRICT NO. 505 REPLACEMENT EDUCATIONAL MAINTENANCE AND OPERATIONS LEVY The Board of Directors adopted Resolution #02-08 concerning educational funding. This proposition authorizes the District to levy the following excess taxes, to replace an expiring levy, on all taxable property within the District, to support the District's educational maintenance and operations: Collection Approximate Levy Rate/$1,000 Levy Years Assessed Value Amount 2009 $2.54 $2,540,000 2010 $2.57 $2,640,000 2011 $2.58 $2,740,000 2012 $2.60 $2,840,000 Should this proposition be approved? YES Rus http://mail.google.comlalmeridian.wednet.edul?ui=1 &attid=0.2&disp=vah&view=att&th=l 176bOf679... 1/11/2008 JAN. 13, 1UU8 10:35AM MERIDIAN SCHOOL DISTRICT NO 793 P $ rage i oz i Meridian School District No, 505, Whatcom Coui ty, Washington, authorized and ordered by resolution of its Board of Directors adopted January 16, 2008, and v ill conduct said special election by mail -in ballot to be held on March 11, 2008, DATED at Bellingham, Washington, this of January, 2008. Whatcom County ,Auditor NOTICE OP SPECIAL, ELECTION MBRIDIAN SOHOOL DISTRICT NO. 505 WHATCOM WUN); Y, WASHINGTON 11, 2008 NOTICE IS HEREBY" GIVEN that on bV arch 111, 2008, a special election will be held by all mail -in ballot in the above -named school district for the submissio to the qualified electors of said school district of the following proposition: 7 U U NMRIDLAN GENERAL O The Board of Directors of Meridian Scr proposition authorizes the District to rr Nigh School, to issue $23,000,000 of gE 23 years; and to levy additional property #03-08. Should this proposition be: REJECTED? IE U NO.2 DISTRICT NO, 505 ATION BONDS - $23,000,000 � District No. 505 approved a proposition :For bonds. This 'Mize and make new capital improvements to Meridian Iobligation bonds maturing within a maximum terms of .es annually to repay the bonds, as described in Resolution http://nnE,google.coirda/meridian,wednet,edu/?ui+l&attid=0.1&disp^vah&view= att&th-1176a5db8e... 1/11/200 Whatcom County to°M °oy Auditor's Office 311 Grand Avenue, Suite 103 Whatcom County Auditor �4$Hfl1 P� Elections Division ( -� Bellingham, WA 98225-4186 �. 360-676-6740 360-738-4556 FAX 360-738-4555 TTY auditor&o.whatconn.wa.us d f whatcomma.us/auditor 1/1 7000k 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 Meridian School District No. 505 Maintenance and Operations 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 & Procedures\Elections\02_Pre-Election\02_Filing - Ballot Measures\FRM Prosecuting Atty ballot title letter.doc Page 1 of 7 MERIDIAN SCHOOL DISTRICT NO. 505 WHATCOM COUNTY, WASHINGTON REPLACEMENT EDUCATIONAL MAINTENANCE AND OPERATIONS LEVY RESOLUTION NO. 02-08 A RESOLUTION of the Board of Directors of Meridian School District No. 505, 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 the proposition of whether excess taxes should be levied of $2,540,000 in 2008 for collection in 2009, $2,640,000 in 2009 for collection in 2010, $2,740,000 in 2010 for collection in 2011, and $2,840,000 in 2011 for collection 2012, said excess taxes to pay part of the educational maintenance and operations support of the District. ADOPTED JANUARY 16, 2008 RECEIVED J PREPARED BY: AN 1 7 2008 WIRLEYY FOR" K&L Preston Gates Ellis llp WMATCO# 'COUNTY A'UD TOW - Seattle, Washington RESOLUTION NO. 02-08 A RESOLUTION of the Board of Directors of Meridian School District No. 505, 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 the proposition of whether excess taxes should be levied of $2,540,000 in 2008 for collection in 2009, $2,640,000 in 2009 for collection in 2010, $2,740,000 in 2010 for collection in 2011, and $2,840,000 in 2011 for collection 2012, said excess taxes to pay part of the educational maintenance and operations support of the District. WHEREAS, Meridian School District No. 505, Whatcom County, Washington (the "District"), for the past four years has had in effect a maintenance and operations levy in order to enable the District "to pay for its httn (mail unnole, cnm/a/mPridian.wednet.edu/7ni=1 &attid=0.2&disn=vah&view=att&th=1176bOf679... 1/11/2008 Page 2 of 7 educational programs and services, including teaching, school supplies, technology, athletics, buildings and transportation; and WHEREAS, the current maintenance and operations levies expire this year; and WHEREAS, the money in and to be paid into the General Fund of the District during the 2008-2009, 2009- 2010, 2010-2011, 2011-2012 and 2012-2013 school years will be insufficient to enable the District to pay for necessary maintenance and operations and, to properly meet the educational needs of the students attending District schools; and WHEREAS, in order to properly provide for such maintenance and operations and such educational needs, the Board of Directors of the District deems it necessary to levy the following taxes upon all of the taxable property within the District in excess of the maximum annual tax levy permitted by law to be levied within the District without a vote of the electors: A. A tax of approximately $2.54 per thousand dollars of assessed valuation to provide $2,540,000, said levy to be made in 2008 for collection in 2009; B. A tax of approximately $2.57 per thousand dollars of assessed valuation to provide $2,640,000, said levy to be made in 2009 for collection in 2010; C. A tax of approximately $2.58 per thousand dollars of assessed valuation to provide $2,740,000, said levy to be made in 2010 for collection in 2011; and D. A tax of approximately $2.60 per thousand dollars of assessed valuation to provide $2,840,000, said levy to be made in 2011 for collection in 2012. WHEREAS, the Constitution and laws of the State of Washington require that the question of whether or not such excess taxes may be levied must be submitted to the qualified electors of the District for their ratification or rejection; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF MERIDIAN SCHOOL DISTRICT NO. 505, WHATCOM COUNTY, WASHINGTON, as follows: Section 1. The following taxes for the District's General Fund should be levied upon all of the taxable property within the District in excess of the maximum annual tax levy permitted by law to be levied within the District without a vote of the electors: A. $2,540,000, said levy to be made in 2008 for collection in 2009; B. $2,640,000, said levy to be made in 2009 for collection in 2010; C. $2,740,000, said levy to be made in 2010 for collection in 2011; and D. $2,840,000, said levy to be made in 2011 for collection in 2012. hrr.,•//ma;� r.r ncrlP onm/a/mPT;rli`]n ivPrinat Pciu/?ui_]knttid=0 7.kriicn=vnhk.vic.w=,qttk-th=I 176bnf679_.. 1/11/2008 Page 3 of 7 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 $2.54 per thousand dollars of assessed valuation, the estimated levy rate for the 2009 levy is $2.57 per thousand dollars of assessed valuation, the estimated levy rate for the 2010 levy is $2.58 per thousand dollars of assessed valuation; and the estimated levy rate for the 2011 levy is $2.60 per thousand dollars of assessed valuation. 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. Upon approval by the voters of the proposition substantially in the form set forth below, the District may use the proceeds of said levies during the 2008-2009, 2009-2010, 2010-2011, 2011-2012 and 2012-2013 school years by incurring an indebtedness by the issuance of short term obligations against the General Fund of the District, as authorized by Chapter 39.50 RCW, and may expend the proceeds of said levies to pay such part of the general expenses of maintenance and operations of the District during such school years as may be authorized or allowed by law for the use of excess levy funds. Section 2. It is hereby found and declared that the best interests of the District require the submission to the qualified electors of the District of the proposition of whether or not the District shall levy such excess tax for their ratification or rejection at a special election to be held therein 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 said special election to be held by all mail -in ballot, within the District on said date and to submit to the qualified electors of the District the proposition substantially in the form hereinafter set forth. The Secretary of the Board of Directors is hereby authorized and directed to certify said proposition substantially in the following form: PROPOSITION NO. 1 MERIDIAN SCHOOL DISTRICT NO. 505 REPLACEMENT EDUCATIONAL MAINTENANCE AND OPERATIONS LEVY The Board of Directors adopted Resolution #02-08 concerning educational funding. This proposition authorizes the District to levy the following excess taxes, to replace an expiring levy, on all taxable property within the District, to support the District's educational maintenance and operations: Collection Approximate Levy Rate/$1,000 Levy Years Assessed Value Amount 2009 $2.54 $2,540,000 2010 $2.57 $2,640,000 2011 $2.58 $2,740,000 2012 $2.60 $2,840,000 Should this proposition be approved? YES NO I,««-.ii. :i -- Flo ..,o l—f R,QftiA-n 1 76h0f679 1 /1 1 Page 4 of 7 The Secretary of the Board of Directors of the District is hereby directed to deliver a certified copy of this resolution to the Whatcom County Auditor. ADOPTED by the Board of Directors of Meridian School District No. 505, Whatcom County, Washington, at a regular meeting thereof, held on the 16th day of January, 2008. ATTEST: MERIDIAN SCHOOL DISTRICT NO. 505, WHATCOM COUNTY, WASHINGTON n air and Director D r for Director Director Secretary, Board of Directors CERTIFICATE I, the undersigned, Secretary of the Board of Directors of Meridian School District No. 505, 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. 02-08 of the Board (the httn•//mail annalP. nnm/n/mPridian wednPt edn/?n1=1 k..attid=02&disn=vah&view=att&th=1176bOf679... 1/11/2008 Page 5 of 7 "Resolution"), duly adopted at a regular meeting thereof held on the 16th day of January, 2008. 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 passage of the Resolution have been duly fulfilled, carried out and otherwise observed; and that I am authorized to execute this certificate. IN WITNESS WHEREOF, I have hereunto set my hand this 16th day of January, 2008. Secretary, Board of irectors OFFICIAL BALLOT MERIDIAN SCHOOL DISTRICT NO. 505 WHATCOM COUNTY, WASIENGTON 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. 1 MERIDIAN SCHOOL DISTRICT NO. 505 REPLACEMENT EDUCATIONAL MAINTENANCE AND OPERATIONS LEVY The Board of Directors adopted Resolution #02-08 concerning educational funding. This proposition authorizes the District to levy the following excess taxes, to replace an expiring levy, on all taxable property within the District, to support the District's educational maintenance and operations: Collection Approximate Levy Rate/$1,000 Levy Years Assessed Value Amount 2009 $2.54 $2,540,000 2010 $2.57 $2,640,000 2011 $2.58 $2,740,000 2012 $2.60 $2,840,000 • �.�� ;� .�� �TM �Y �;� „-A-1 X,ntr;rl—n 176h0f679 1/11/2009 Should this proposition be approved? Page 6 of 7 YES NO NOTICE MERIDIAN SCHOOL DISTRICT NO. 505 WHATCOM COUNTY, WASHINGTON March 11, 2008 NOTICE IS HEREBY GIVEN that on March 11, 2008, a special election will be held by mail ballot in the above - named school district for the submission to the qualified electors of said school district of the following proposition: PROPOSITION NO. 1 MERIDIAN SCHOOL DISTRICT NO. 505 REPLACEMENT EDUCATIONAL MAINTENANCE AND OPERATIONS LEVY The Board of Directors adopted Resolution #02-08 concerning educational funding. This proposition authorizes the District to levy the following excess taxes, to- replace an expiring levy, on all taxable property within the District, to support the District's educational maintenance and operations: Collection Years 2009 2010 2011 2012 Approximate Levy Rate/$1,000 Assessed Value $2.54 $2.57 $2.58 $2.60 Should this proposition be approved? YES Levy Amount $2,540,000 $2,640,000 $2,740,000 $2, 840,000 htt„•//„��;I rt—rrla nrr/o/mPr Sian \xlPAn.-f Pl111/911i-1R�nttiA—f1 1176ihnf67Q 1/11/7()nR Ous Page 7 of 7 Whatcom County Auditor ! ` -A-19.,,—, Q-+�;a_r, 1 7�hflf�7Q 1 ii 1 ignnR Page 1 of 7 MERIDIAN SCHOOL DISTRICT NO. 505 WHATCOM COUNTY, WASHINGTON REPLACEMENT EDUCATIONAL MAINTENANCE AND OPERATIONS LEVY RESOLUTION NO. 02-08 A RESOLUTION of the Board of Directors of Meridian School District No. 505, 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 the proposition of whether excess taxes should be levied of $2,540,000 in 2008 for collection in 2009, $2,640,000 in 2009 for collection in 2010, $2,740,000 in 2010 for collection in 2011, and $2,840,000 in 2011 for collection 2012, said excess taxes to pay part of the educational maintenance and operations support of the District. ADOPTED JANUARY 16, 2008 RECEIVED J PREPARED BY: AN 1 i 2008 SHIRLEY FORS K&L Preston Gates Ellis llp MIAT OOUNTy AUK : Seattle, Washington RESOLUTION NO. 02-08 A RESOLUTION of the Board of Directors of Meridian School District No. 505, 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 the proposition of whether excess taxes should be levied of $2,540,000 in 2008 for collection in 2009, $2,640,000 in 2009 for collection in 2010, $2,740,000 in 2010 for collection in 2011, and $2,840,000 in 2011 for collection 2012, said excess taxes to pay part of the educational maintenance and operations support of the District. WHEREAS, Meridian School District No. 505, Whatcom County, Washington (the "District"), for the past four years has had in effect a maintenance and operations levy in order to enable the District 'to pay for its http://mail.google.comlalmen'dian.wednet.edul?ui=1 &attid=0.2&disp=vah&view=att&th=l 176bOf679... 1/11/2008 Page 2 of 7 educational programs and services, including teaching, school supplies, technology, athletics, buildings and transportation; and WHEREAS, the current maintenance and operations levies expire this year; and WHEREAS, the money in and to be paid into the General Fund of the District during the 2008-2009, 2009- 2010, 2010-2011, 2011-2012 and 2012-2013 school years will be insufficient to enable the District to pay for necessary maintenance and operations and to properly meet the educational needs of the students attending District schools; and WHEREAS, in order to properly provide for such maintenance and operations and such educational needs, the Board of Directors of the District deems it necessary to levy the following taxes upon all of the taxable property within the District in excess of the maximum annual tax levy permitted by law to be levied within the District without a vote of the electors: A. A tax of approximately $2:54 per thousand dollars of assessed valuation to provide $2,540,000, said levy to be made in 2008 for collection in 2009; B. A tax of approximately $2.57 per thousand dollars of assessed valuation to provide $2,640,000, said levy to be made in 2009 for collection in 2010; C. A tax of approximately $2.58 per thousand dollars of assessed valuation to provide $2,740,000, said levy to be made in 2010 for collection in 2011; and D. A tax of approximately $2.60 per thousand dollars of assessed valuation to provide $2,840,000, said levy to be made in 2011 for collection in 2012. WHEREAS, the Constitution and laws of the State of Washington require that the question of whether or not such excess taxes may be levied must be submitted to the qualified electors of the District for their ratification or rejection; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF MERIDIAN SCHOOL DISTRICT NO. 505, WHATCOM COUNTY, WASHINGTON, as follows: Section 1. The following taxes for the District's General Fund should be levied upon all of the taxable property within the District in excess of the maximum annual tax levy permitted by law to be levied within the District without a vote of the electors: A. $2,540,000, said levy to be made in 2008 for collection in 2009; B. $2,640,000, said levy to be made in 2009 for collection in 2010; C. $2,740,000, said levy to be made in 2010 for collection in 2011; and D. $2,840,000, said levy to be made in 2011 for collection in 2012. http://mail.google.comlalmeridian.wednet.edul?ui=1 &attid=0.2&disp=vah&view=att&th=l 176bOf679... 1/11/2008 Page 3 of 7 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 $2.54 per thousand dollars of assessed valuation, the estimated levy rate for the 2009 levy is $2.57 per thousand dollars of assessed valuation, the estimated levy rate for the 2010 levy is $2.58 per thousand dollars of assessed valuation; and the estimated levy rate for the 2011 levy is $2.60 per thousand dollars of assessed valuation. 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. Upon approval by the voters of the proposition substantially in the form set forth below, the District may use the proceeds of said levies during the 2008-2009, 2009-2010, 2010-2011, 2011-2012 and 2012-2013 school years by incurring an indebtedness by the issuance of short term obligations against the General Fund of the District, as authorized by Chapter 39.50 RCW, and may expend the proceeds of said levies to pay such part of the general expenses of maintenance and operations of the District during such school years as may be authorized or allowed by law for the use of excess levy funds. Section 2. It is hereby found and declared that the best interests of the District require the submission to the qualified electors of the District of the proposition of whether or not the District shall levy such excess tax for their ratification or rejection at a special election to be held therein 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 said special election to be held by all mail -in ballot, within the District on said date and to submit to the qualified electors of the District the proposition substantially in the form hereinafter set forth. The Secretary of the Board of Directors is hereby authorized and directed to certify said proposition substantially in the following form: PROPOSITION NO. 1 MERIDIAN SCHOOL DISTRICT NO. 505 REPLACEMENT EDUCATIONAL MAINTENANCE AND OPERATIONS LEVY The Board of Directors adopted Resolution #02-08 concerning educational funding. This proposition authorizes the District to levy the following excess taxes, to replace an expiring levy, on all taxable property within the District, to support the District's educational maintenance and operations: Collection Approximate Levy Rate/$1,000 Levy Years Assessed Value Amount 2009 $2.54 $2,540,000 2010 $2.57 $2,640,000 2011 $2.58 $2,740,000 2012 $2.60 $2,840,000 Should this proposition be approved? YES Que http://mail.google.comlalmeridian.wednet.edu/?ui=1 &attid=0.2&disp=vah&view=att&th=l 176bOf679... 1/11/2008 Page 4 of 7 The Secretary of the Board of Directors of the District is hereby directed to deliver a certified copy of this resolution to the Whatcom County Auditor. ADOPTED by the Board of Directors of Meridian School District No. 505, Whatcom County, Washington, at a regular meeting thereof, held on the 16th day of January, 2008. ATTEST: MERIDIAN SCHOOL DISTRICT NO. 505, WHATCOM COUNTY, WASHINGTON air and Director Dir for u� Director r I Director Secretary, Board of Directors CERTIFICATE I, the undersigned, Secretary of the Board of Directors of Meridian School District No. 505, 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. 02-08 of the Board (the http://mail.google.com/a/meiidian.wednet.edu/?ui=1 &attid=0.2&disp=vah&view=att&th=l 176bOf679... 1/11/2008 Page 5 of 7 "Resolution"), duly adopted at a regular meeting thereof held on the 16th day of January, 2008. 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 passage of the Resolution have been duly fulfilled, carried out and otherwise observed; and that I am authorized to execute this certificate. IN WITNESS WHEREOF, I have hereunto set my hand this 16th day of January, 2008. Secretary, Board of irectors S'�" OFFICIAL BALLOT MERIDIAN SCHOOL DISTRICT NO. 505 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. 1 MERIDIAN SCHOOL DISTRICT NO. 505 REPLACEMENT EDUCATIONAL MAINTENANCE AND OPERATIONS LEVY The Board of Directors adopted Resolution #02-08 concerning educational funding. This proposition authorizes the District to levy the following excess taxes, to replace an expiring levy, on all taxable property within the District, to support the District's educational maintenance and operations: Collection Approximate Levy Rate/$1,000 Levy Years Assessed Value Amount 2009 $2.54 $2,540,000 2010 $2.57 $2,640,000 2011 $2.58 $2,740,000 2012 $2.60 $2,840,000 http://mail.google.comlalmeridian.wednet.edu/?ui=1 &attid=0.2&disp=vah&view=att&th=l 176b0f679... 1/11/2008 Should this proposition be approved? Page 6 of 7 1 WK NOTICE MERIDIAN SCHOOL DISTRICT NO. 505 WHATCOM COUNTY, WASHINGTON March 11, 2008 NOTICE IS HEREBY GIVEN that on March 11, 2008, a special election will be held by mail ballot in the above - named school district for the submission to the qualified electors of said school district of the following proposition: PROPOSITION NO. 1 MERIDIAN SCHOOL DISTRICT NO. 505 REPLACEMENT EDUCATIONAL MAINTENANCE AND OPERATIONS LEVY The Board of Directors adopted Resolution #02-08 concerning educational funding. This proposition authorizes the District to levy the following excess taxes, to replace an expiring levy, on all taxable property within the District, to support the District's educational maintenance and operations: Collection Approximate Levy Rate/$1,000 Years Assessed Value 2009 $2.54 2010 $2.57 2011 $2.58 2012 $2.60 Should this proposition be approved? YES Levy Amount $2,540,000 $2,640,000 $2,740,000 $2, 840,000 http://mail.google.comlalmeridian.wednet.edul?ui=1 &attid=0.2&disp=vah&view=att&th=l 176b0f679... 1/11/2008 NO Page 7 of 7 Whatcom County Auditor http://mail.google.comlalmeridian.wednet.edul?ui=1 &attid=0.2&disp=vah&view=att&th=l 176bOf679... 1/11/2008 Ballot Measure Submitted Checklist == Attach to front of folder r.,z Ito Ballot Measure Submitted: Gmeo�j Date completed Initial Submitted by: Gt�Q Contact Phone #: Email Address: -fr- '4,n , ca Check signed by C mmissioners Check that Certificate is signed by Secretary Check Document Calling for Elections is Signed by The Auditor or Deputy Auditor _ 1 Copy to Auditor and 1 copy Office Coordinator t� 1 Copy to the Office Coordinator if Primary or General Routed to Pros Atty (county & districts only) b Signed & Returned by Pros Atty (county & dist only) Reviewed by CDA and Auditor Copy sent to District Office after Ballot approval 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) I After Election I:\Policies & Procedures\Elections\02_Pre-Election\02_Filing - Ballot Measures\FRM Ballot Measure CHECKLIST.doc Adopted 7/27/06 Whatcom County Auditor's Office 311 Grand Avenue, Suite 103 Bellingham, WA 98225-4186 360-676-6740 360-738-4556 FAX 360.738-4555 TTY auditor&o.wh atc o m. wa. u s whatcomma.uslauditor 1/170009 V Whatcom County Auditor �1 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 Meridian School District No. 505 General Obligation Bond 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 WHATCOM COUNTY AUDITOR'S OFFICE e Whatcom County Courthouse 311 Grand Avenue, Suite 103Bellingham, 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 Timothy Yeomans, Superintendent Meridian School District No. 505 214 W. Laurel Road Bellingham WA 98226 SHIRLEY FORSLOF COUNTY AUDITOR DEBBIE ADELSTEIN CHIEF DEPUTY Phone: 360-676-6740 FAX: 360-738-4556 RE: Ballot Titles: Proposition No. 1 Meridian School District No. 505 Replacement Educational Maintenance and Operations Levy Proposition No. 2 Meridian School District No. 505 General Obligation Bonds $23,000,000 Dear Mr. Yeomans: Enclosed are true copies of the ballot title for Proposition No. 1 Meridian School District No. 505 Replacement Educational Maintenance and Operations Levy and Proposition No. 2 Meridian School District No. 505 General Obligation Bonds $23,000,000 filed with the Whatcom County Auditor's Office on January 17, 2008. 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 Licensing Recording Elections Administration/Internal Audit Licensing@comhatcom.wa.us Recording@co.whatcornma.us Elections@co.whatcomwa.us 360-676-6744 360-676-6740 360-676-6740 360-676-6742 360-676-6740 ext50065 TTY 360-738-4555 Page 3 of 7 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 $2.54 per thousand dollars of assessed valuation, the estimated levy rate for the 2009 levy is $2.57 per thousand dollars of assessed valuation, the estimated levy rate for the 2010 levy is $2.58 per thousand dollars of assessed valuation; and the estimated levy rate for the 2011 levy is $2.60 per thousand dollars of assessed valuation. 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. Upon approval by the voters of the proposition substantially in the form set forth below, the District may use the proceeds of said levies during the 2008-2009, 2009-2010, 2010-2011, 2011-2012 and 2012-2013 school years by incurring an indebtedness by the issuance of short term obligations against the General Fund of the District, as authorized by Chapter 39.50 RCW, and may expend the proceeds of said levies to pay such part of the general expenses of maintenance and operations of the District during such school years as may be authorized or allowed by law for the use of excess levy funds. Section 2. It is hereby found and declared that the best interests of the District require the submission to the qualified electors of the District of the proposition of whether or not the District shall levy such excess tax for their ratification or rejection at a special election to be held therein 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 said special election to be held by all mail -in ballot; within the District on said date and to submit to the qualified electors of the District the proposition substantially in the form hereinafter set forth. The Secretary of the Board of Directors is hereby authorized and directed to certify said proposition substantially in the following form: PROPOSITION NO. 1 MERIDIAN SCHOOL DISTRICT NO. 505 REPLACEMENT EDUCATIONAL MAINTENANCE AND OPERATIONS LEVY The Board of Directors adopted Resolution #02-08 concerning educational funding. This proposition authorizes the District to levy the following excess taxes, to replace an expiring levy, on all taxable property within the District, to support the District's educational maintenance and operations: Collection Approximate Levy Rate/$1,000 Levy Years Assessed Value Amount 2009 $2.54 $2,540,000 2010 $2.57 $2,640,000 2011 $2.58 $2,740,000 2012 $2.60 $2,840,000 Should this proposition be approved? YES NO http://mail.google.comlalmeridian.wednet.edul?ui=1 &attid=0.2&disp=vah&view=att&th=l 176bOf679... 1/ 11/2008 JAN 23 1UU8 10:35AM MERIDIAN SCHOOL DISTRICT NO 7V P $ rage i OT I Mtridian School District No. 505, Whatcom Co ty, Washinbton, authorized and ordered by resolution of its Board of Directors adopted January 16, 2008, and ill conduct said special election by mail -in ballot to be held on March 11, 2008. U DATED at Bellingham, Washington, this 4ay of January, 2008. Whatcom County Auditor NOTICE O1P SPECIAL:, ELECTION MERIDIAN SOHOOL DISTRICT NO. 505 WHATCOM OOUNT'Y, WASHINGTON 11, 2008 NOTICE IS HEREBY" GIVEN that on March 111, 2008, a special election will be held by all mail -in ballot in the above -named school district for the submissio to the qualified electors of said school district of the following proposition: U MERIDLA N GENERAL - The Board of Directors of Meridian Set, proposition authorizes the District to n High School, to issue $23,000,000 of gi 23 years; and to levy additional property #03-0& Should this proposition be; APPROVED? C REJECTED? IE U NO.2 DISTRICT NO, 505 TION BONDS - $23,000,000 Distract No. 505 approved a proposition for bonds. This rnize and make new capital improver ntents to Meridian al obligation bonds maturing within a maximum term. of ;s annually to repay the bonds, as described in Resolution http://mail.goo-le.coinla/meridian,wednet.edu/?ui+1&attid=o.1&lisp=vah&vzew= att&th=1116a.5db8e... 1/11/200� -JAN,23,2008 10:33AM MERIDIAN SCHOOL EREDIAN School District January 23, 2008 Shirley Forslof Whatcom County Auditor 311 Grand Ave. Bellingham, WA 98225 Dear Shirley; DISTRICT NO- 793 P. 1 214 W. Laurel Road • Bellingbarn, OVA 93226 360.398-7111 • FAX 360-398-8966 www mezidian.wedact.edu ... Student Achievement At the Center. RECEIVED JAN Y 8 ZUU6 SHIRLEY FORSLOF "iATGO! COUNTY AUDITOR Please make the following correction to Resolution No. 3-08, Bond Proposal. The resolution should read Proposition 2. We have made the correction on our resolution and we are faxing the correction along with this letter authorizing the change, Thank you so much for bringing this to our attention. Sincerer, Timothy S. Yeomans Supe-rintendent The minion of the Meridian Public Sebools is to meet the diverse educational needs of all learners so they can become ethical, competent and productive contributors to a dersmocratic society in Rn ever chancing world. JAN, 21 2008 10:34AM MERIDIAN SCHOOL DISTRICT N0, 793 P. 2 Page 1 or.r MERIDIAN SCHOOL DISTRICT NO. 505 \1/ -Za g e WHATCOM COUNTY, WASIHINGTON GENERAL OBLIGATION BONDS RESOLUTION NO, 03-08 RECEIVED JAN 2 � 2008 SHIRLEY FORKOF VWATCOu COUNTY AUDITOR A RESOLUTION of the Board of Directors of Mleridian School District No. 505, Whatoom County, 'Washington, providing for the form of the ballot proposition and specifying certain other details concerning submission to the qualified elector's 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 $23,000,000, or so much there of as may be issued under the laws governing the indebtedness of school districts for the purpose of providing funds to construct, equip, modernize and remodel Meridian High School and make other capital improvewmts 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. K&L Preston Gates Ellis LLP Seattle, Washington MERIDIAN SCHOOL DISTRICT NO. 505 RESOLUTION NO. 03 08 TABLE OF CONTENTS: RF.SOLLMON NO.03-08 A RESOLUTION of the Board of Directors of Meridian School District No. 505, Whateom 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 http://mail.gougle.comlalmeridian.wednet.edul?ui=l &attid=O. I &disp=vale&view=att&th=11.76a5db8e_.. 1/11/200 ,JAN,23,2008 10:34AM MERIDIAN SCHOOL DISTRICT NO. 793 P. 3 Page 2 ox .7 issuance of its general obligation bonds in the aggregate principal amount of $23,000,000, or so much there of as may be issued under the laws governing the indebtedness of school districts for the purpose of providing funds to construct, equip, modernize and remodel Meridian High School 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 Meridian School District No. 505, 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 modernize and make new construction improvements Meridian High School and make such additional and improved school 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 $23,000,000 (the `Bonds"); and VaMRI✓.A.S, 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, RCW ch. 39.98 (the "Credit Enhancement Act"), the State Legislature established a credit enhancement program (the "Program") for voter -approved school district general obligation bonds; and V,gMREAS, 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 he district is eligible under rules adopted by the state finance committee; and WHEREAS, the District znay 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 MERIDIAN SCHOOL. DISTRICT NO. 505, WHATCOM COUNTY, WASE[IN TON, as follows: Section 1. Findings . This Board of Directors (the "Board") hereby finds and declares that the best interests 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. sectioll 2. Capital Improvements . The District shall modernize and make new capital improvements to Meridian High School_ In the event that the foregoing Improvements have been completed or otherwise provided for, the District may, at its option, utilize remaining Bond proceeds for any other capital purpose of the District as hereinafter provided. The cost of all necessary planning, architectural, engineering, and other consulting services, inspection and testing, management, administrative and relocation expenses, portable classrooms, site acquisition, on and off -site utilities, related improvements and other costs incurred in connection with the making of the foregoing Improvements shall be r 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 http://mail,googlo.com/aimeridian.we,dnet.edu/?ui=l &attid=0.1 &disp=vah&view=att&th=l 176a5db8e... 1/11/200 ,JAN,23.2008 10:34AM MERIDIAN SCHOOL DISTRICT NO, 7 9 3 P. 4 Page 3 of 7 local circumstances require, the District shall use such funds to pay the principal of or interest on the bonds or acquire, 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- u 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 sate 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 heating 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, 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 anticipates 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 pursuant to RCW 28A.530.020. ection 3. Authorization of Bonds �i 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 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 $23,000,000. 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. Section 4. Detai_ls 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 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 twenty-three (23) years from date of issue, but may mature at an earlier date or dates, all 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 �f 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, http://n)ail.google.com/almeridian.weduet.edul?ul=l &attid=0.1 &disp=vah&view=att&th=l 1.76a5db 8 e... 1/11/20O € JAN, 23. 2008 10:34AM MERIDIAN )'CHOOL DISTRICT N0, 793 P, 5 Page. 4of7 Sectizi 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 .,_.,ield on March 11, 2008. The Whatcom County Auditor as ex offieio supervisor of elections in Whatcom County, Washington is hereby requested to call and conduct the special election to be held by all mail -in ballot 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: PROPOSITION NO, 2 ` MERIDIAN SCki00L DISTRICT NO. 505 GENERAL OBLIGATION BONDS - $23,000,000 The Board of Directors of Meridian School District No. 505 approved a proposition for bonds. This proposition authorizes the District to modernize and make new capital improvements to Meridian High School, to issue $23,000,000 of general obligation bonds maturing within a maximum term of 23 years; and to levy additional property taxes annually to repay the bonds, as described in Resolution #03-08. Should this proposition be: APPROVED? REJECTED? C '\—� 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 Eli qibjlj,ty fort e 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 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. SectioU S. Effective Date This resolution shall become effective Uwnediat�ly upon its adoption. ADOPTED by the Board of Directors of Meridian School District No. 505, Whatcom County, Washington, at a regular meeting held on January 16, 2008_ htip://mail.google.com/a-lineridian.wednet.edu/?ui=1 &attid=0.1&disp=vah&vie'w=att&th=1176a5db 8e... 1/11/2M JAN, 23. 2008 10:34AM MERIDIAN SCHOOL DISTRICT MERIDIAN SPI:IOOL DISTRICT NO. 505 WHATCOM COUNTY, WASPHNGTON NO. 793 P. 6 Page 5 of 7 - -: <-:, > air and Direct r Direc I rl� LIJAM W ATTEST: / Secretary, Board of Directors TIFICATE U 1, the undersigned, Secretary of the Board of Directors of Meridian School District No. 505, Viatcom County, Washington (the "District"), and keeper of the records of the Board of Directors (the "Board"), DO I-MREBY CERTIFY: 1. That the attached resolution is a true and correct copy of Resolution No. 03-08 of Board (herein called the "Resolution"), duly adopted at a regular meeting thereof held on the 16th day of January, 2008. 1 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 mariner for the adoption of said Resolution; that all other requirements and roceedings 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. IN WITNESS WHEREOI~, I have hereunto set my hand this 16th day of January, 2008. Secretary, Board of Directors 1 Ok'FI�IAL BALLOT MERIDIAN SCHOOL DISTRICT NO. 505 http://mail.google.comlatmeiidian.wednet.edul9m'1&attid=0.1&disp=vah&view=att&th=l176a5db8e... 1/111200E JAN, 23. 2008 10:34AM MERIDIAN SCHOOL DISTRICT WHATCOM , WASHINGTON NO, 793 P. 7 Page 6 of 7 u 11, 2008 STR CTIONS TO VOTERS: To vote in favor of the following proposition, place a cross (X) in the square opposi the word "APPROVED"; to vote against the follow' g proposition, place a cross (X) in the square oanosi the word "REJECTED." MERIDIAN GENERAL The Board of Directors of Meridian School proposition authorizes the District to mod( High School, to issue $23,000,000 of genet 23 years; and to levy additional property tax #03-08. Should this proposition be: APPROVED? f REJECTED? OFFICE OF THE ON NO. 2 DISTRICT NO. 505 TION BONDS - $23,000,000 istrict No. 505 approved a proposition for bonds. This ize and maize new capital improvements to Meridian obligation bonds maturing within a maximurn team of annually to repay the bonds, as described in Resolution TCOM COUNTY AUDITOR WHEREAS, the undersigned as the duly lected, 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, Meridian School District No. boundaries of Whatcom County; and WI3EREAS, the Board of Directors of said i of which has been delivered to the undersigned, of a special election on March 11, 2008; and W-BEREAS, said district by said resolution of and conduct said special election within Wh, U NOW, THEREFORE, it is hereby authorized The undersigned assumes jurisdiction Whatcom County, Washington, lies entirely within the ct by resolution adopted on January 16, 2008, a certified copy found that the best interests of the District require the holding authorized and directed the undersip,, ed to assume jurisdiction a County; ordered as follows: Whatcom County of the above -mentioned special election of http_Ilmail.google.com/a/meridian.wednet.edu/?ui� I &attid=0.1 &disp--vah&view=att&th=.I 176a5dbSe... 1111/200L� ` JAN-23.2008 10:35AM MERIDIAN SCHOOL DISTRICT NO M P 8 Page nor i Meridian School District No. 505, Whatcom Co ty, Washington, authorized and ordered by resolution of its Board of Directors adopted January 16, 2008, and ill conduct said special election 17y mail -in ballot to be held on March 11, 2008, U DATED at Bellingham, Washington, this + of January, 2008. Whatcom County Auditor NOTICE OlP SPECIAL ELECTION MERIDIAN SCHOOL DISTRICT NO. 505 WHATCOM COUNTY, WASHINGTON 11, 2008 NOTICE IS HEREBY" GIVEN that on March 111, 2008, a special election will be held by all mail -in ballot in the above -named school district for the subrmssio to the qualified electors of said school district of the following proposition: U MERIDIAN GENERAL The Board of Directors of Meridian Sch proposition authorizes the District to rr High School, to issue $23,000,000 of ge 23 years; and to levy additional property #03-08. Should this proposition be; APPROVED? C REJECTED? f U NO.2 DISTRICT NO. 505 TION BONDS - $23,000,000 District No. 505 approved a proposition for bonds. This rmize and make new capital improvements to Meridian ral obligation bonds maturing within a maximum terra of .es annually to repay the bonds, as described in Resolution Whatcom County Auditor http://mail.google.coin/almeridian, wednet.edu.l`?ui+l&attid=0.1 &disp=vah&vzew= att&th=1176a5db8e... 1/11/200: Page 1 of 7 MERIDIAN SCHOOL DISTRICT NO. 505 WHATCOM COUNTY, WASHINGTON GENERAL OBLIGATION BONDS RESOLUTION NO. 03-08 A RESOLUTION of the Board of Directors of Meridian School District No. 505, 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 $23,000,000, or so much there of as may be issued under the laws governing the indebtedness of school districts for the purpose of providing funds to construct, equip, modernize and remodel Meridian High School 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. PREPARED BY: K&L Preston Gates Ellis LLP Seattle, Washington MERIDIAN SCHOOL DISTRICT NO. 505 RESOLUTION NO. 03-08 TABLE OF CONTENTS' RECEN F Page JAN 1 7 2008 WIRLEY FORSLOR WHATCOM COUNTY AUDITOW~- RESOLUTION NO. 03-08 A RESOLUTION of the Board of Directors of Meridian School District No. 505, 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 http://mail.google.comlalmeridian.wednet.edu/?ui=1 &attid=0.1 &disp=vah&view=att&th=1176a5db8e... 1/ 11/2008 Page 2 of 7 issuance of its general obligation bonds in the aggregate principal amount of $23,000,000, or so much there of as may be issued under the laws governing the indebtedness of school districts for the purpose of providing funds to construct, equip, modernize and remodel Meridian High School 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 Meridian School District No. 505, 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 modernize and make new construction improvements Meridian High School and make such additional and improved school 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 $23,000,000 (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, RCW ch. 39.98 (the "Credit Enhancement Act"), the State Legislature established 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 MERIDIAN SCHOOL DISTRICT NO. 505, WHATCOM COUNTY, WASHINGTON, as follows: Section 1. Findings . This Board of Directors (the "Board") hereby finds and declares that the best interests 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 modernize and make new capital improvements to Meridian High School. In the event that the foregoing Improvements have been completed or otherwise provided for, the District may, at its option, utilize remaining Bond proceeds for any other capital purpose of the District as hereinafter provided. The cost of all necessary planning, architectural, engineering, and other consulting services, inspection and testing, management, administrative and relocation expenses, portable classrooms, site acquisition, on and off -site utilities, related improvements and other costs incurred in connection with the making of the foregoing 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 http://mail. google.comlalmeridian.wednet.edu/?ui=1 &attid=0.1 &disp=vah&view=att&th=l 176a5db8e... 1/ 11/2008 Page 3 of 7 local circumstances require, the District shall use such funds to pay the principal of or interest on the bonds or acquire, 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 sate 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, 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 anticipates 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 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 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 $23,000,000. 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. 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 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 twenty-three (23) years from date of issue, but may mature at an earlier date or dates, all 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. http://mail.google.comlalmeridian.wednet.edu/?ui=1 &attid=0.1 &disp=vah&view=att&th=l 176a5db8e... 1/ 11/2008 Page 4 of 7 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 by all mail -in ballot 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: PROPOSITION NO. 1 MERIDIAN SCHOOL DISTRICT NO. 505 GENERAL OBLIGATION BONDS - $23,000,000 The Board of Directors of Meridian School District No. 505 approved a proposition for bonds. This proposition authorizes the District to modernize and make new capital improvements to Meridian High School, to issue $23,000,000 of general obligation bonds maturing within a maximum term of 23 years; and to levy additional property taxes annually to repay the bonds, as described in Resolution #03-08. Should this proposition be: APPROVED? REJECTED? C 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 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 Meridian School District No. 505, Whatcom County, Washington, at a regular meeting held on January 16, 2008. http://mail.google.com/a/meridian.wednet.edu/?ul=l&attid=O. 1&disp=vah&view=att&th=1176a5db8e... 1/11/2008 Page 5 of 7 ATTEST: Secretary, Board of Directors MERIDIAN SCHOOL DISTRICT NO. 505 WHATCOM COUNTY, WASHINGTON CERTIFICATE �J. Ch 'r and Director, Direct" C—L I, the undersigned, Secretary of the Board of Directors of Meridian School District No. 505, 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. 03-08 of Board (herein called the "Resolution"), duly adopted at a regular meeting thereof held on the 16th day of January, 2008. 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. IN WITNESS WHEREOF, I have hereunto set my hand this 16th day of January, 2008. Secretary, Board of irectors OFFICIAL BALLOT MERIDIAN SCHOOL DISTRICT NO. 505 http://mail.google.com/a/meridian.wednet.edu/?ui=l&attid=O. I&disp=vah&view=att&th=1176a5db8e... 1/11/2008 Page 6 of 7 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. 1 MERIDIAN SCHOOL DISTRICT NO. 505 GENERAL OBLIGATION BONDS - $23,000,000 The Board of Directors of Meridian School District No. 505 approved a proposition for bonds. This proposition authorizes the District to modernize and make new capital improvements to Meridian High School, to issue $23,000,000 of general obligation bonds maturing within a maximum term of 23 years; apd to levy additional property taxes annually to repay the bonds, as described in Resolution #03-08. Should this proposition be: APPROVED? REJECTED? 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, Meridian School District No. 505, Whatcom County, Washington, lies entirely within the boundaries of Whatcom County; and WHEREAS, the Board of Directors of said district by resolution adopted on January 16, 2008, a certified copy of which has been delivered to the undersigned, 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 within Whatcom County; NOW, THEREFORE, it is hereby authorized and ordered as follows: The undersigned assumes jurisdiction within Whatcom County of the above -mentioned special election of http://mail.google.comlalmeridian.wednet.edul?ui=1 &attid=0.1 &disp=vah&view=att&th= l 176a5db8e... 1/11/2008 Page 7 of 7 Meridian School District No. 505, Whatcom County, Washington, authorized and ordered by resolution of its Board of Directors adopted January 16, 2008, and will conduct said special election by mail -in ballot to be held on March 11, 2008. DATED at Bellingham, Washington, this day of January, 2008. Whatcom County Auditor NOTICE OF SPECIAL ELECTION MERIDIAN SCHOOL DISTRICT NO. 505 WHATCOM COUNTY, WASHINGTON March 11, 2008 NOTICE IS HEREBY GIVEN that on March 11, 2008, a special election will be held by all mail -in ballot in the above -named school district for the submission to the qualified electors of said school district of the following proposition: PROPOSITION NO. 1 MERIDIAN SCHOOL DISTRICT NO. 505 GENERAL OBLIGATION BONDS - $23,000,000 The Board of Directors of Meridian School District No. 505 approved a proposition for bonds. This proposition authorizes the District to modernize and make new capital improvements to Meridian High School, to issue $23,000,000 of general obligation bonds maturing within a maximum term of 23 years; and to levy additional property taxes annually to repay the bonds, as described in Resolution #03-08. Should this proposition be: APPROVED? REJECTED? w Whatcom County Auditor http://mail.google.com/a/meiidian.wednet.edu/?ul=l&attid=O. 1&disp=vah&view=att&th=1176a5db8e... 1/11/2008