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Castlewood School District School Facility Bond Vote
On TUESDAY, MARCH 7, 2023, Castlewood School District voters will have the opportunity to vote on two bond questions to expand and improve upon the repairs being made to our school. As a result of the 2022 tornado, the District’s insurance company is funding like-for-like repairs to the school, as outlined in the insurance policy. When District leadership reviewed the repair plans and considered the current and future needs of the District, they determined that now is a good time to ask voters to consider making an investment in the school.
The community identified four priority projects to include when making the tornado repairs. These projects would be addressed in the $6 million bond - Question 1. If the community supports Question 1, the projects could be further expanded through support of the $2 million bond - Question 2. The projects funded by the two bond referenda questions would include:
Ballot Question 1:Shall the Castlewood School District 28-1, Codington, Deuel and Hamlin Counties, South Dakota, issue its negotiable general obligation school bonds in a principal amount not exceeding $6,000,000 issued in one or more series, bearing interest at such rates as may be determined by the school board, payable and maturing from 1 and not to exceed 30 years after the date of issuance, for the purpose of financing school improvements including gymnasium expansions, weight room expansions, stage expansions, classroom expansions, new classrooms, new restrooms, new locker rooms, locker rooms remodel and paying the cost of issuing the bonds?
Ballot Question 2:
If Castlewood School District voters support Question 1 on the ballot, the project could be expanded to include a large group instruction/multi-purpose room, larger weight room, and a lobby/community gathering space. These items would be funded through Question 2 on the ballot. Shall the Castlewood School District 28-1, Codington, Deuel and Hamlin Counties, South Dakota, issue its negotiable general obligation school bonds in a principal amount not exceeding $2,000,000 issued in one or more series, bearing interest at such rates as may be determined by the school board, payable and maturing from 1 and not to exceed 30 years after the date of issuance, for the purpose of financing school improvements including a new large group instructional activity room, an expanded weight room, a new entry lobby, and paying the cost of issuing the bonds?
What Improvements Will the Two Bond Questions Address?
