What will be the cost associated with Phase I in terms of levy to repay the bonds?
The Districts Municipal Bond Underwriter, L.J. Hart & Company of St. Louis, Missouri, projects that the debt service fund levy will need to be increased by 74 Cents per one hundred dollars of assessed valuation to repay the principal and interest associated with these bonds. That represents an expense of about $140.60 per year or $11.72 per month for a home with a fair market value of $100,000. For the price of two medium pizzas per month the students of the District can utilize these improved facilities. A complete list of the costs for various levels of home values, personal property, and agricultural property is included as Exhibit B to this Fact Sheet.
