News Release: Kachemak Selo New K-12 School Bond

2018_08_27_HL_K Selo BondKachemak Selo New K-12 School Bond*
Kenai Peninsula Borough Proposition No. 1
To be voted on by all KPB voters, October 2, 2018

Soldotna, September 10, 2018—The Kachemak Selo New K-12 School Construction project began July 9, 2011, when a petition was submitted to the school board by local residents requesting a public school facility. Kenai Peninsula Borough voters

Kindergarten through twelfth grade classes are currently housed in three leased residential facilities that have deteriorated beyond useful capacity. The estimated cost of this construction project will not exceed $15,460,000. The proposed bonds in the amount of $5,450,000 would fund the 35% local match as well as costs associated with planning, design, site acquisition, preparation and development, construction and equipping the Kachemak Selo K-12 School.

The approximate annual amount of taxes on $100,000 of assessed real or personal property value to retire the debt are $4.95 (based on the Borough’s FY2018 taxable assessed valuation). Review supporting legislation.

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*GENERAL OBLIGATION BONDS TO PAY THE LOCAL REQUIRED MATCH PORTION OF THE COSTS OF THE KACHEMAK SELO NEW K-12 SCHOOL. To be voted on by all voters October 2, 2018.

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News Release: KPBSD: Proposition 1 Kachelmak Selo New School

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