Shall Delta County Joint School District no. 50 debt be increased up to $27.7 million with a repayment cost of up to $52.4 million and without imposing a new tax by extending the annual bond redemption taxes appoved by district voters in 2002 to pay such new debt, to be incurred fo the purpose of acquiring, constructing, repairing and improving school capital assets including, among other things:
- improving the safety and security of Delta North Fork and Cedaredge High Schhools, as well as Paonia K-8, by providing secure entrances and other improvements; and
- Renovating physical education spaces in the district's three high schools to address safety and health concens; through issuance of general obligation bonds which shall bear interest, mature, be subject to redemption, with or without premium, and be issued at such time, at such price (at, above or below par and in suvh manner and containing such terms, not inconsistent with this ballot issue, as the board of education may determine; and shall ad valorem propety taxes be levied without limit as to the mill rate but by not more than $2.1 million annually, to generate amounts sufficient in each year to pay the principal of and interest on the bonds and to fund any reseves for the payment thereof?